Tuesday, April 15, 2014

States can be granted moratorium: Bimal Jalan

In what may come as a breather for the Mamata Banerjee led government, former RBI governor Bimal Jalan on Monday said that moratorium can be granted to a state and there is precedence of that. Jalan's statement comes weeks after Union Finance Minister P Chidambaram said that a moratorium could not be granted to Bengal as that would propel other states to demand a moratorium............

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