Fisc at risk

On Tuesday, commerce minister Anand Sharma joined the chorus asking for introduction of sharp policy measures like foreign direct investment in multi-brand retail to pull the economy back from its current abyss. A day before, RBI had come just a step short of announcing a rate cut. These are some of the tricks this government and RBI would need to use aplenty rather than setting store by measures like austerity to firm up growth. 

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