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to sunder_india
This Diwali has a feel-good factor. RBI has deregulated savings bank
deposit rates
in a bid to boost savings. Even beyond its immediate context, this
surprise move
is welcome as both pro-aam admi and market-friendly. This is a
balancing act by
the authorities for taming inflation and boosting growth and both are
equally critical.
Regards!
Sunder Thadani