No escaping tight money policy - Dr.S.S.Tarapore

.............There have been episodes when political uncertainties have resulted in governance problems and monetary policy has borne the brunt of the adjustment — 1979-80, 1990-91, 1995-96 and 1997-98 — and on each occasion monetary policy has curbed inflation. This time around, the Reserve Bank of India (RBI) faces a major dilemma...........

Read - HBL