..........Since core inflation is already low and given that there is not much the RBI can do about tomato or onion prices, the risks from this are likely to be minimal. The Government can, likewise, contribute by going in for modest increases in the minimum support prices for crops sown in the ensuing kharif season. That may not be easy in an election year. But if the Government and RBI do their part, and the rain gods cooperate by obliging with a well-distributed monsoon, we will have a more enduring cure to the inflation problem.
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