Govt to eventually privatise most public sector banks, says finance secretary
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Need food, farm, fertilizer subsidy reforms to improve fiscal position: Finance Secretary T V Somanathan
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Need food, farm subsidy reforms to improve fiscal position: Finance Secy
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Controlling inflation has been one of Modi s biggest successes – but is it faltering now?
Controlling inflation has been one of Modi s biggest successes – but is it faltering now?
High inflation is seen to be one of the principal reasons for the UPA’s loss in 2014. Reuters/Danish Siddiqui
There are few issues more politically sensitive in India than inflation or rising prices. With frequent elections across the federal framework and the Union government being seen as responsible for economic policy, ruling parties in India go to great lengths in order to keep prices in check.
Stubbornly high inflation rates in the final years of the Congress-led United Progressive Alliance government, following the global economic crash, are often credited as being one of the key reasons why it was voted out in 2014.