Thursday, October 17, 2013

A solution for inflation

.......The government - not the Reserve Bank of India (RBI) - is responsible for raging inflation on two counts: its inability to remove the supply constraints and the continuing fiscal deficit. Andy Mukherjee's article "Towards inflation targeting" (October 15) has targeted the monetary policy of the RBI for the continuing inflationary trends in the economy. This is quite a wrong diagnosis ..........

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