This month’s monetary policy committee meeting glared out for being at odds with ground realities | Mint
Summary In a rare departure from the usual, the rate-setting panel's resolution announced on Friday not only overlooked inflation as a major risk, it was overshadowed by RBI governor Sanjay Malhotra's statement and an effort to attract foreign inflows. Those who cannot remember the past are condemned to repeat it." So said 19th century Spanish-American philosopher George Santayana in The…
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