This is with reference to “Wait and watch till August” by SS Tarapore (June 13). Again, the RBI is firm on its stand with regard to inflation control being its pivotal aim and has introduced few changes in the monetary policy. All it did was change the SLR by 0.5 per cent. Of course, the optimism existing in the macroeconomic sphere thanks to the new government could boost the confidence of domestic as well as foreign investors. But steps such as removing the blocks on stalled projects, introducing investor-friendly tax and labour policies and facilitating land acquisition will do more along with tuning up the agricultural sector to reduce food inflation.
- Ramasamy Nagarajan
HBL
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