Fall in fiscal deficit will curb inflation: Kaushik Basu

PUBLISHED ON: May 17, 2011 | Duration: 25 min, 20 sec

  
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In an exclusive interview with NDTV, Chief Economic Advisor in the Finance Ministry Kaushik Basu, says while the government is trying to close inflation, it needs to make sure that factories don’t close down. He says the decision to hike rates is upto the RBI and the finance ministry is working on fiscal consolidation plan.
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