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Old June 18th, 2014, 05:47 AM
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Re: PM Modi outlines priorities, tells ministers to focus on governance

Whatever the instructions to the Ministers and the appointment of PAs, Modi govt. seems to be facing the first crisis well - that of inflation. The quadruple factors of Iraq crisis, expensive Brent crude oil, rising price of vegetables and the bad May WPI data seems to have attracted the govt.'s attention. Now that they are concentrating on controlling inflation, I would say that they got their priorities right.

Lower inflation will go a long way in enabling the RBI to reduce interest rates, which will give a boost to bank loans and businesses.
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