ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BIHAR-Primary Education Made Attractive

reasons, the banks have been in a position to. expand credit because of the enlarged monetary base coming from the food procurement operations and the accumulation of foreign reserves. The surprising thing is the continuing tightness in the money market m spite of such an expansion in the monetary base, even after we allow for the raising of the reserve ratio announced recently, which suggests that the demand for bank credit for reasons other than capital formation in fixed assets must indeed be very large.

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