......Blasting the status quo in RBI’s monetary policy review as “arbitrary” and “anti-growth”, developer’s apex body CREDAI has called for opening a dialogue with all stake holders before taking policy decisions that impact a cross section. “It is sad and unfortunate to see RBI taking such a stubborn stand, despite economic realities of the day,” said CREDAI national president Lalit Kumar Jain. “We wonder if the RBI policy of causing liquidity crunch leading to short supply and resultant price rise is good for the economy or increasing liquidity and pushing supply to bring prices under control is better,”..........
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