Central Banks and Climate Goals

27 SEP,2021 | MEDC


 

A new debate has emerged on whether Central Banks should take cognizance of the socioeconomic impact of climate change and incorporate it into their policymaking processes. It would probably be incorrect to do so as that is essentially the government’s mandate. In their desire to be politically correct, some Central Banks have climbed onto the bandwagons of climate change and inequality. However, it is heartening to see that the RBI has desisted from doing so. With the right policy support from the government, there is no reason why climate change cannot be tackled. Political incentives for populism could weaken India’s democracy, and it isn’t worth taking that risk. Let the RBI focus on its primary role – being the economy’s inflation fighter in an increasingly unpredictable scenario.

*Photo Credit: Google

Comments


Featured Posts

Recent Posts

EMERGING ISSUES IN AEROSPACE INDUSTRY: AN INDIAN PERSPECTIVE


Tourism and its contribution to the Economy


Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra


De-coding skills-based pro-bono


FOOD PRICE VOLATILITY


Food Inflation in India: An Assessment



Archive

© Copyright 2019 MEDC, All rights reserved
Website Design and Develop By: SCI Knowledge Interlinks