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

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Government Borrowing and the Monetary System

Government Borrowing and the Monetary System R J Mody V M DANDEKAR has criticised (January 25) the Chakravarty Committee for not telling the government the cardinal truth that it must obey financial discipline if price stability is an objective of economic policy. Instead, it is further stated, the committee has made recommendations which may "seek an easy solution in the market".

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