......Former Reserve Bank of India (RBI) governor Bimal Jalan said the Fed decision had brought India time. "I am glad. It was a surprise. He (Fed chief Ben Bernanke) has done it. You can't keep on pumping money. No country can. Tapering will happen. But it gives us time to do what we want to do," Jalan, also an ex-chief economic advisor, told reporters after meeting some ministry officials in North Block. The economy would be better prepared for tapering, he said. "Now we are not dependent on what the Fed does, we are only dependent on what RBI does.".........
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