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Narendra #Modi embarks on a journey with #RaghuramRajan

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)

Narendra Modi announced on Friday that the government has entered into a first of its kind monetary framework with the Reserve Bank of India to curb inflation. Speaking at the inauguration of Delhi Economic Conclave, he said that India is doing better on every indicator since the time his government took office 17 months ago. He added that 19 crore people were bought under the banking system in the past 19 months and these accounts held close to Rs.26,000 crores today. He further said that India needs to a job creator, rather than being a job seeker nation. India’s GDP has grown and inflation has come down.

 

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