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Inflation
by Alak Mazumder on Apr 11, 2008 02:03 PM   Permalink

There were enough tools available with the government to sound an alarm bell and act in time. The situation today is somewhat an offshoot of the combinations of lack of political will to deal with the problem,integration with the global economy and neglect of rural economy including agricultural economy for a long long time. The closure of thousands of branches of rural banks since 1991 is a clear pointer in that direction. Alak Mazumder, Pondicherry

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