Central banks have cleverly avoided the tag of a central planner but that is what they eventually do. Their interest rate decisions attract so much attention just because we see the power of one body controlling/managing interest rates and monetary flows like no other. But somehow they have managed to create the image of a benevolent government player which wants markets to function.
The last 2 months in India we have seen how eventually central banks are nothing but central planners. The way in which the entire currency show has been managed tells us once again that these things are really difficult to manage centrally. These were lessons which were understood by the central bank in the 1940s and 1970s but were somehow missed in 2016.
Anyways coming to the point, one just stumbled upon this few days old press release of Indian central bank. In this, central bank suddenly wakes up and says more cash needs to be distributed to rural areas:
Mostly Economics 
