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Our pundits at the North Block are scared.
by chanakya maurya on Apr 07, 2007 03:48 PM
Scared of inflation.
So really it is the North Block and not the RBI who is behind the move !
A mid-term poll cannot even be considered if the inflation is ruling the roost.
Raising of the rate would seem to be more a political approach rather than a fiscal one.
Had the safed topi and the remainder of the gang had just assumed power, they would have hardly cared a damned for the inflation.
BTW, RBI is just a pattawalla of the North Block.
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