Friday, November 2, 2012

RBI finds ally in Prime Minister's Economic Advisory Council chairman

 The Reserve Bank of India has found an ally in C Rangarajan, the chairman of Prime Minister's Economic Advisory Council (PMEAC), who has sided with the central bank in the growth versus inflation debate. Rangarajan has said that to achieve its potential growth inflation has to come down and the government has to take "unpopular" decisions in curbing expenditure.......

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