.........The measures introduced by the Reserve Bank and the Government in the recent period to deal with the problems on the external sector have raised a public debate. Some have feared that it marks a return to the pre-Gulf-Crisis days in the early 1990s, both in terms of economic conditions and policy measures. The Prime Minister and Finance Minister have reassured the nation that it is not so, and what we see now is only a temporary deviation from the liberal policies initiated in the 1990s. The truth is somewhere between the two extreme views.................
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