The problem does not end here the toughest problem

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Unformatted text preview: The problem does not end here. The toughest problem for the RBI is to get the interest rate down to allow the government complete its borrowing programme, which is huge to begin with, and is likely to grow larger, given the dismal performance of the disinvestment program. Disinvestment, which was seen as a major source of revenue, was taken as a safety valve from a potential ‘internal debt’ trap. Governments initial thought was by disinvesting the public sector will give instant cash to the gover...
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This document was uploaded on 02/22/2014.

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