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Viral Acharya, Who Quit RBI Last Year, Flagged "Deeply Flawed" Move: Book
27 Jul 2020, 09:34 AM IST 
Mr Acharya resigned last year after raising concerns about the central bank's independence
Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government's budget deficit, citing risks to inflation and external sector stability. "Adopting this approach is also deeply flawed," according to excerpts from Mr Acharya's soon-to-be-released book: 'Quest for Restoring Financial Stability in India.' It "would mean regressing to errors of the 1970s and 1980s."
