Reviewing Payments Regulation

India has a rich and diverse payments infrastructure. The eco-system of Payment Service Providers (PSPs) has undergone a rapid evolution…

Monetary Policy Transmission in India – Part 2

In the second post of our two-part series on Monetary Policy Transmission, we take a closer look at the impediments to policy transmission in India and also list the…

Monetary Policy Transmission in India – Part 1

Monetary policy plays a significant role in determining the trajectory of a country’s economy. While not directly affecting the structure of a financial system, the policy significantly influences the…

Comments on the Report of Watal Committee on Digital Payments

Shortly after Christmas last month, a press release from the Ministry of Finance on 28th December announced that the Committee on Digital Payments (chaired by Ratan P. Watal) had…