Friday, June 20, 2014

Debt waiver promises may soon be history in electoral politics

.............According to highly-placed sources, the RBI is working on the modalities to ensure that no political party makes ‘untenable’ promises on debt-waiver, and the IBA has already moved its pawns in this regard. “The RBI is acting tough on the present developments of debt waiver promised by the new governments in Andhra Pradesh and Telangana through its disinclination to permit issue of fresh government bonds,”.........

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