Monday, October 22, 2012

'Choking demand through monetary action suicidal for growth'


 The Reserve bank should not always use monetary tools to control inflation as choking demand will be "suicidal" for economic growth, Assocham said Sunday. The chamber said that in a study a majority of 200 participants said that it is wrong on the part of RBI to be obsessed with always using monetary tools to control inflation.......


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