ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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World Bank-Areas of Non-Action

September 18, 1971 tions such as why the Reserve Bank did not tie up fresh limits to its bill market scheme, since it has decided to suspend for almost a year the credit authorisation scheme could be raised only if it were assumed that the Re- serve Bank can stand up to political pressures. How realistic is such an assumption today?

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