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    <title>Reflections on Current Policy Issues Facing the Indian Economy (By Shri Shaktikanta Das, Governor, Reserve Bank of India, delivered at the Investors’ Roundtable, 9th Vibrant Gujarat Global Summit 2019 on Friday, January 18, 2019)</title>
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    <description>Maintaining price stability under a formal flexible inflation targeting framework is the primary monetary objective, with an MPC-based approach enhancing transparency. Financial-sector priorities include implementing the IBC-driven resolution framework, strengthening bank corporate governance, containing asset-quality slippages, addressing NBFC vulnerabilities via tighter ALM and market access measures, and improving consumer protection and digital payments to foster financial inclusion. External-sector reforms have liberalised FDI and external borrowing norms, but macro-financial stability must be preserved against global shocks and volatile crude prices.</description>
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