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

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Calcutta Diary

AM Once you make up your mind and embrace the philosophy and practice of deficit financing lock, stock and barrel, pettifogging fiscal debates are left behind. It is Operation By-pass, with this additional bonanza: year-round, non-stop deficit financing blots out the distinction between monetary policy and fiscal policy. In the bargain, it will also make us qualify for the international big league of the 'debt trap'.

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