Monday, November 11, 2013

Seeing green shoots in the economy

......Along with the measures taken by the Reserve Bank of India (RBI), the intractable problem of inflation will also be solved. Mr. Chidambaram’s support of recent RBI measures, which pushed up interest rate signals, ‘has to be viewed a big positive for the economy’. It suggests a co-ordinated, even complementary approach with the central bank to tackle macro-economic problems. It would be welcome indeed if henceforth the Finance Minister does not publicly disagree with the RBI over interest rate hikes, as was the case during the tenure of the previous Governor...............

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