Letters to the editor

RBI has voiced concern over the trade off between inflation and credit flows to government.

Written by The Financial Express | Published:August 20, 2010 3:47 am

RBI has voiced concern over the trade-off between inflation and credit flows to government. Thus,the government as a bulk borrower has to establish its own credit-worthiness. It must first demonstrate fiscal discipline and work out a clear roadmap for containing fiscal deficit. Opening up the banking space is not a problem as we have a decent record of implementing regulations. Our weathering the economic meltdown is proof enough.

R Narayanan,Ghaziabad

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