Tuesday, September 24, 2013

Montek for more efforts to revive economic growth

......."I do not believe by the way that the critical constraint on revival of the economy is to tinker with short-term rates. "I know that nothing would be better for growth than for the long-term interest rate to come down but the idea that the RBI Governor can lower the long-term rates by lowering the short-term rates, no matter what is happening in the macro economy. It is just plain rock,"..................

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