A well-functioning transmission should at some point go from the overnight right up to 40 years, and that is the ultimate objective in having monetary transmission that affects the whole gamut of borrowing tenure.

We have been mandated by the government, backed by legislation, that we have to have an inflation target of about 4%.

One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.

What is important is that in a capital-scarce country like India, the real interest rate needs to be positive enough to encourage healthy growth of financial savings; we get into macro difficulties when real rates on financial savings become negative for a length of time.

I would have a poet able bodied, fond of talking, a reader of the newspapers, capable of pity and laughter, informed in economics, appreciative of women, involved in personal relationships, actively interested in politics, susceptible to physical impressions.

President Obama is highly concerned with education. He's a champion on early-childhood development strategies. So I like the work he's doing, and I support it, and I realise that he's one of very few political leaders around the world that actually has early-childhood development strategise at the top of his agenda.

I came into politics to fight lefties... That's where political fighting goes.

The simple fact is we do not live in a democracy. Certainly not the kind our Founding Fathers intended. We live in a corporate dictatorship represented by, and beholden to, no single human being you can reason with or hold responsible for anything.