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Pranab Mukherjee with his ministry officials in New Delhi on Tuesday. Full Article at Calcutta Telegraph
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The Reserve Bank of India (RBI), which cut interest rates sharply and boosted liquidity in the financial system to shore up economic growth, last month became the first Asian central bank to signal exit from its loose monetary policy regime. Full Article at livemint.com
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I do hope a decision will be taken according to the letter and spirit of the MoU
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For the present, I maintain that the fiscal stimulus will have to continue, to allow its impact to fully run through the economy
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I am not going to put any curbs on capital inflows right now.
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There cannot be any straitjacket global formula for the exit policy and I am sticking to it
