New Delhi: To add to the woes of the common man who is already reeling under rising prices and blinding inflation, the government has pitched in with a diesel price hike that is likely to come into effect in two months.
Prime Minister's Economic Advisory Council Chairman C Rangarajan has said that the hike can be expected any time in the next two months.
He, however, added that it was the Council's recommendation and that it wasn't binding on the government.
PM\'s Economic Advisory Council head C Rangarajan has, however, said that it is merely its recommendation and that the final decision rests with the govt.
"The final decision rests with the government," Rangarajan said.
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Dr. Chakravarthi Rangarajan (born 1932) is an Indian economist. He served for over a decade as a Deputy Governor of the Reserve Bank of India, after which he served as the Governor of the Reserve Bank of India between December 22, 1992 and De ...
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.When the general price level rises, each unit of the functional currency buys fewer goods and services; consequently, in ...
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