..........The suave RBI Governor, Dr Raghuram G. Rajan, has given a piece of his mind by unequivocally underscoring the importance to break “the spiral of rising price pressures in order to curb the erosion of financial savings and strengthen the foundations of growth”. Instead of shooting the messenger by sidestepping the message, the ruling dispensation should do intense introspection to improve the prospects for a sustainable turnaround of the economy from its ills and travails.
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