Reserve Bank of India — Mains Questions

Discuss the evolution of the Reserve Bank of India's role from a traditional central bank to a modern inflation-targeting institution. What challenges does it face in balancing price stability with economic growth?

Examine the regulatory and supervisory powers of the Reserve Bank of India over the Indian financial system. How has its role evolved in the context of emerging financial technologies and non-banking financial companies (NBFCs)?

The autonomy of the Reserve Bank of India is crucial for its credibility and effective functioning. Discuss the factors that influence RBI's autonomy and its relationship with the Government of India.