....... Refusing to be drawn into a comment on what the options before RBI Governor Duvvuri Subbarao are or whether Pranab Mukherjee’s Union Budget 2012 has failed in pushing forward some key structural reforms to address the problem of a ballooning fisc, Jalan, however, made it clear that there were no easy decisions to take for either the government or the RBI. Only hard options are left.......
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