Mint, among others, has called the adoption of an inflation targeting monetary policy regime Raghuram Rajan's signal accomplishment as RBI governor. My latest Mint column assesses the pros and cons of this system, in general, and in the Indian context in particular.

http://www.livemint.com/Opinion/sBvcmx3LvdmXo9HDr9CIcN/The-currency-question.html