Wednesday, April 2, 2014

‘Loose fiscal policy calls for tight monetary policy’ - Charan Singh

............"The Monetary Policy has both positives and negatives. The positive  component is that interest rates have not been raised and term repos have been encouraged. Further, Inflation targeting has been put on hold. The negative components are that too much importance is being accorded to prices of food and vegetables, no measures have been announced to revive growth in industry; no mention of improving the NPAs, or credit to the.....................

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