Saturday, June 16, 2012

Monetary policy

........The repeated concerns expressed by the RBI Governor and analysts about inadequacy of supportive fiscal measures from the Government to make monetary policy fructify have all been ignored under the plea of ‘coalition compulsions'.  But when it comes to issue of ‘diktat' to Mint Road, even on matters which come well within the mandated powers of the RBI, North Block is very liberal.

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