Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3cf94c92a1-trace').style.display = (document.getElementById('cakeErr67f3cf94c92a1-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f3cf94c92a1-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3cf94c92a1-code').style.display = (document.getElementById('cakeErr67f3cf94c92a1-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f3cf94c92a1-context').style.display = (document.getElementById('cakeErr67f3cf94c92a1-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f3cf94c92a1-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.


&amp;quot;We need to see that liquidity does not...&#039;,
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&lt;font &gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font &gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font &gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
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&lt;font &gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;font &gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
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&lt;font &gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.


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&lt;font &gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
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&lt;font &gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
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&lt;font &gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
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The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.


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                <strong>Monetary steps also needed to tame inflation: PMEAC</strong></h1>
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                <p align="justify">
<font >The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
</p>
<p align="justify">
<font >&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
</p>
<p align="justify">
<font >The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font >&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
</p>
<p align="justify">
<font >Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
</p>
<p align="justify">
<font >In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font >The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font >The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font >Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font >&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font >And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
</p>
<p align="justify">
<font >Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
</p>
<p align="justify">
<font >&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
</p>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
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The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.


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&lt;font &gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font &gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font &gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
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&lt;font &gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.


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&lt;font &gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font &gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
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&lt;font &gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
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&lt;font &gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
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&lt;font &gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.


&quot;We need to see that liquidity does not..."/>
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                <strong>Monetary steps also needed to tame inflation: PMEAC</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <p align="justify">
<font >The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
</p>
<p align="justify">
<font >&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
</p>
<p align="justify">
<font >The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font >&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
</p>
<p align="justify">
<font >Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
</p>
<p align="justify">
<font >In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font >The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font >The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font >Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font >&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font >And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
</p>
<p align="justify">
<font >Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
</p>
<p align="justify">
<font >&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
</p>
<font >
<p align="justify">
&nbsp;
</p>
<font face="arial,helvetica,sans-serif"></font></font>               </font>
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.


&amp;quot;We need to see that liquidity does not...&#039;,
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&lt;font &gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
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&lt;font &gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
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&lt;font &gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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	&#039;title&#039; =&gt; &#039;Monetary steps also needed to tame inflation: PMEAC&#039;,
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&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font face=&quot;arial,helvetica,sans-serif&quot; size=&quot;3&quot;&gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.


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&lt;font &gt;The Prime Minister&#039;s economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade&#039;s high of 20 per cent.&lt;/font&gt;
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&lt;font &gt;&amp;quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&amp;quot; said Rangarajan, Chairman of the Prime Minister&#039;s Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.&lt;/font&gt;
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&lt;font &gt;The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.&lt;/font&gt;
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&lt;font &gt;&amp;quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&amp;quot; he said, attributing the rising inflation to supply constraints and high demand.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.&lt;/font&gt;
&lt;/p&gt;
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&lt;font &gt;The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.&lt;/font&gt;
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&lt;font &gt;Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&amp;quot; Rangarajan said.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;And to check food inflation, which he says is mainly &amp;quot;a supply side problem&amp;quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.&lt;/font&gt;
&lt;/p&gt;
&lt;p align=&quot;justify&quot;&gt;
&lt;font &gt;&amp;quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&amp;quot; Mukherjee had said, talking to reporters in Kolkata.&lt;/font&gt;
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The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.


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            <h1 class="news_headlines" style="font-style:normal">
                <strong>Monetary steps also needed to tame inflation: PMEAC</strong></h1>
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                <p align="justify">
<font >The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
</p>
<p align="justify">
<font >&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
</p>
<p align="justify">
<font >The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font >&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
</p>
<p align="justify">
<font >Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
</p>
<p align="justify">
<font >In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font >The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font >The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font >Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font >&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font >And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
</p>
<p align="justify">
<font >Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
</p>
<p align="justify">
<font >&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
</p>
<font >
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&nbsp;
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<font face="arial,helvetica,sans-serif" size="3">The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
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<font face="arial,helvetica,sans-serif" size="3">Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
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The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.


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<font >The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
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<p align="justify">
<font >&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
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<font >The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font >&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
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<font >Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
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<font >In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font >The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font >The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font >Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font >&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font >And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
</p>
<p align="justify">
<font >Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
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<font >&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
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<font face="arial,helvetica,sans-serif" size="3">The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
</p>
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<font face="arial,helvetica,sans-serif" size="3">Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
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<p align="justify">
<font face="arial,helvetica,sans-serif" size="3">&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
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The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.


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<font >The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent.</font>
</p>
<p align="justify">
<font >&quot;We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required,&quot; said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India.</font>
</p>
<p align="justify">
<font >The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand.</font>
</p>
<p align="justify">
<font >&quot;While the government needs to work on the supply side, steps are also needed on the aggregate demand side,&quot; he said, attributing the rising inflation to supply constraints and high demand.</font>
</p>
<p align="justify">
<font >Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates.</font>
</p>
<p align="justify">
<font >In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy.</font>
</p>
<p align="justify">
<font >The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end.</font>
</p>
<p align="justify">
<font >The central bank had earlier projected inflation at 5 per cent by the end of the fiscal.</font>
</p>
<p align="justify">
<font >Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates.</font>
</p>
<p align="justify">
<font >&quot;By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation,&quot; Rangarajan said.</font>
</p>
<p align="justify">
<font >And to check food inflation, which he says is mainly &quot;a supply side problem&quot;, the government has agreed to import food items that are in short supply due to a bad monsoon last year.</font>
</p>
<p align="justify">
<font >Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation.</font>
</p>
<p align="justify">
<font >&quot;I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy,&quot; Mukherjee had said, talking to reporters in Kolkata.</font>
</p>
<font >
<p align="justify">
&nbsp;
</p>
<font face="arial,helvetica,sans-serif"></font></font>'
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Monetary steps also needed to tame inflation: PMEAC

The Prime Minister's economic adviser, C Rangarajan, wants the Reserve Bank to remove excess money from the system to check rising prices as food inflation neared the decade's high of 20 per cent. "We need to see that liquidity does not put inflationary pressures and for that some action on the monetary front would also be required," said Rangarajan, Chairman of the Prime Minister's Economic Advisory Council (PMEAC) and a former Governor of the Reserve Bank India. The RBI, which is slated to announce review of the monetary policy on January 29, can raise the key ratios and rates to suck out liquidity from the system for checking inflation by curbing demand. "While the government needs to work on the supply side, steps are also needed on the aggregate demand side," he said, attributing the rising inflation to supply constraints and high demand. Following the global financial meltdown, the RBI had released liquidity by lowering key rates and ratios like Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), repo and reverse-repo rates. In its review in October, the RBI had raised the SLR, the portion of funds that banks invest in government securities, from 24 to 25 per cent, signalling the start of a retreat from the easy money policy. The annual wholesale inflation rose to 4.78 per cent in November from 1.34 per cent in October and is expected by the RBI to touch 6.5 per cent by March-end. The central bank had earlier projected inflation at 5 per cent by the end of the fiscal. Food prices have been relentlessly rising over the last few months, jacking up food inflation to a decade-high of nearly 20 per cent in December. This has raised fears of a broader inflation and, thereon, higher interest rates. "By March 2010, inflation is likely to grow a little over 7 per cent. We really need to check food inflation otherwise it may result in generalised inflation," Rangarajan said. And to check food inflation, which he says is mainly "a supply side problem", the government has agreed to import food items that are in short supply due to a bad monsoon last year. Expressing concern over rising prices, Finance Minister Pranab Mukherjee recently said that liquidity was not contributing to inflation. "I had a detailed discussion with the RBI and found that there is no reason to believe that excess liquidity is contributing to inflation in the economy," Mukherjee had said, talking to reporters in Kolkata.