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News Summary: With the uncontrolled inflation, the diagnosis of the prime minister is that it is imported and so we can do little, but to control the money supply within India by increasing interest rate and making it more difficult for the banks to lend out by increasing the reserve ratios of the commercial banks. The medicine is not new but it is the classic remedy coming from the International Monetary Fund to reduce money supply in an economy facing inflation, irrespective of the nature of the disease.Wha.....read more in: Indias Wrong Monetary Policy
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Indias Wrong Monetary Policy |
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