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View: Why revamping the MPC framework must be on the prime of the pile for policymakers

The writing has been on the wall for a while. India’s financial coverage framework is lifeless. Not legally, however virtually, as excessive circumstances have pressured relooks at key assumptions and goals behind the vaunted inflation concentrating on framework. Even earlier than Covid-19, the inflation concentrating on framework gave the impression to be biased in direction of preserving charges excessive. Whereas nominal development charges have been slowing for a number of quarters, financial coverage discussions

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