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

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Is the Budget Becoming a Fiscal Non-Event?

As a corollary of market reforms, monetary policy and particularly interest rates have become the most important policy instrument, though the Reserve Bank of India's actions receive far less public attention than the annual budget. All the same, the primacy that the budgets have traditionally enjoyed in the Indian context must be used to focus on policy issues.

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