....Reserve Bank of India Governor, Duvvuri Subba Rao on Tuesday said that inflation could not be controlled without sacrificing growth and stressed that the Central Bank must be sensitive to the silent voice of millions of poor while deciding on interest rates. Delivering a memorial lecture on “Reserve Bank of India—making a difference in everyday life” organised to mark the fifth death anniversary of former IAS officer, K. Obayya, he referred to the demand of corporates to reduce high interest rates and to the criticism that RBI's tightening did not reduce inflation but ended up stifling growth......
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