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Well Done, Even If Only Half Done

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In fact, the World Bank has sounded alarm bells in saying that the good work done in the past five years could be washed out as a result of the fiscal-monetary strategy of the Budget. Proceeding with financial reforms but increasing the resort to deficit monetization to reduce the impact of higher interest rates on public debt

 

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First Published: Sep 06 1996 | 12:00 AM IST

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