There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
'No private project will take off at such high interest rates'
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
'There is no change in the overall story of economic recovery.'
