The central board of Reserve Bank of India (RBI) met on Friday to discuss the current economic scenario, continued global and domestic challenges and various areas of operations of the central bank

RBI board member Manish Sabharwal also said the country needs immediate reforms in banking, compliance, labour laws and education because \"hope is not a strategy\"

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The widening vocational demand-supply gap and poor employability after higher education will skew wages in favour of vocational work

As part of its anniversary special, BT invited a galaxy of 19 business leaders - across industries and age groups - for their wisdom on how we will work in the future

The RBI Board also reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank

New technologies will displace jobs but also create jobs

The last two meetings - on October 23 and November 19 - are indicators that the RBI board from now on will play a more active role in the workings of India's central bank.

Thanks to Urjit Patel's conciliatory moves right through the day, the meeting was largely conducted in a non-hostile environment.

Several provisions in the Budget are a last-ditch effort to boost employment.