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GROWTH SACRIFICE’ VIEW GROWS IN VPC

Why in the news? Ashima Goyal and Jayanth R. Varma, the two external members of the Monetary Policy Committee (MPC), have voiced concerns over the Reserve Bank of India’s (RBI) persistent tight monetary policy. In the latest MPC meeting, both members voted as a minority for a 0.25% rate cut, cautioning against the potential risks …

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