ID :
92455
Tue, 12/01/2009 - 12:15
Auther :
Shortlink :
https://www.oananews.org//node/92455
The shortlink copeid
GDP-PMEAC 2LAST
Rangarajan further said that he expects no change in
fiscal policy by the end of the this fiscal, but the central
bank's main focus would now be to tame inflation.
"As far as policy stance is concerned, I expect no change
in fiscal policy till March-end, 2010. RBI's monetary policy
would now be more focussed on inflation," he added.
Food inflation has crossed 15 per cent in the second week
of this fiscal.
The wholesale price index (WPI) of food articles, fish,
minerals, manufactured products, electrcity and all
commodities has risen by 14.4 per cent, 26.3 per cent, minus
9.9 per cent, 0.1 per cent, 0.4 per cent and minus 0.1 per
cent respectively during second quarter of 2009-10 compared to
corresponding period last fiscal. PTI
fiscal policy by the end of the this fiscal, but the central
bank's main focus would now be to tame inflation.
"As far as policy stance is concerned, I expect no change
in fiscal policy till March-end, 2010. RBI's monetary policy
would now be more focussed on inflation," he added.
Food inflation has crossed 15 per cent in the second week
of this fiscal.
The wholesale price index (WPI) of food articles, fish,
minerals, manufactured products, electrcity and all
commodities has risen by 14.4 per cent, 26.3 per cent, minus
9.9 per cent, 0.1 per cent, 0.4 per cent and minus 0.1 per
cent respectively during second quarter of 2009-10 compared to
corresponding period last fiscal. PTI
