What makes food inflation challenging is not just that is immune to monetary measures but that it is volatile. Policy rate changes or even tweaks in liquidity cannot influence food prices and supply management is the only tool here.
Empirical findings show that medium-term complementarities between judicious fiscal consolidation and growth outweigh the short-run costs, says the RBI article titled 'The Shape of Growth Compatible Fiscal Consolidation'
RBI article rejects IMF s contention on India s debt-GDP ratio orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.
Mumbai: Spending on social and physical infrastructure, climate mitigation,digitalisation and skilling the labour force can yield long-lasting growth dividends. The Reserve Bank of India (RBI) deputy.