Policy of pusillanimity -Editorial -The Hindu-Business Line

Very well thought out editorial.The fact remains that both the Government and the Reserve Bank have failed to take appropriate measures to contain inflation and the masses suffer. Economy also suffers.
The blame game between the Government and the Reserve Bank is only to confuse the masses. The failure of administration and fiscal management are the major factors contributing for price instability and for that the Government has to be blamed. It is time to assess how much fiscal policy contribues for inflation in terms of number so that responsibility can be properly fixed.

from: T.V.Gopalakrishnan
Posted on: Jun 13, 2011 at 07:24 IST