Reforms won't be easy or painless!

'Let us also not expect that there will be a clean break with the past much though the new government might like to think about it. In a functional democracy that is neither feasible nor desirable.......

'Great risk to nations from undermining independence of central bank'

'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral V Acharya.......