Call it coincidence. But a day after the Reserve Bank of India (RBI) mentioned the ‘i’ word 79 times in its third quarter monetary policy review, the UPA government has decided that it is hearing the word “inflation” a bit too often. Among other things, the Reserve Bank Governor said that the current fall in food inflation is seasonal, and things could worsen later this year. The ‘i’ word was packaged with dollops of advice on reining in subsidies and improving supply to deal with inflation on a long-term basis............
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