Friday, August 24, 2012

RBI calls for subsidy cut, increase in public capital spend

Underlining the fact that growth during the current fiscal is expected to remain at the lower side compared to the previous financial year, the Reserve Bank of India (RBI) - considering the limited fiscal and monetary space available - has suggested the Government to cut down on subsidies and use resources saved by doing so, for fuelling public capital expenditure....... 

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