......The Reserve Bank of India (RBI) is also expected to keep much needed rate cuts at the minimum, so as to not aggravate the government, which would not want any drastic steps during the election campaigning periods. Although the RBI has committed to bring down the fiscal deficit to below 4.5% in FY14, any significant action to achieve this is not expected. However, the rate cuts between April 2012 and March 2013 were seen as a positive move. "RBI's decision to go in for another round of policy rate cuts was very aptly timed and was almost indispensable to revive the confidence of industry," continues Dr. Didar Singh............
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