The government wants the RBI to do the heavy lifting through monetary stimulus without increasing the fiscal deficit
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“Apparently the RBI’s internal working group has succumbed to corporate pressure to call for the entry of industrial houses into banking, where matters of connected lending are always of paramount concern,” says Hemindra Hazari, an independent banking expert
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R K Hazari Industrial planning and licensing policy expert
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Series on Indian Economists by Azim Premji University
Article can be read here













