......RBI, while keeping interest rates unchanged to keep prices under control in its monetary policy review, pointed to the deterioration in central government finances."Credible fiscal consolidation will be an important factor in shaping the inflation outlook," RBI Governor D Subbarao said. Agreeing with the RBI on the need for fiscal consolidation, the Survey said: "The principal way in which this has to be achieved is by raising tax-GDP ratio and cutting down wasteful expenditures." ......
Read - Outlookindia
Read - Outlookindia
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