INFLATION REDUCTION ACT OF 2022
INFLATION REDUCTION ACT OF 2022
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The government and the RBI need to work in tandem to have a comprehensive inflation strategy for the medium term to reduce any adverse impact of pandemic which is still raging in India. At a time when the RBI has no option but to keep interest rate low and infuse liquidity, the retail inflation poses a big danger. The retail inflation or the consumer Price index has been over 6 per cent plus for the fifth month in a row, which is above the RBI's tolerance limit. This steep rise in inflation is a
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