The Balance Of Payments Issue
  • Gaurav Sarkar
  • Aug 20 2013

August 20: Former Finance Secretary S Narayan states that curbing petrol and diesel demand is impossible, but if done so, it will create a standstill for the economy. Furthermore, people won’t be able to access necessary fuel. He points out that the RBI is trying to control things that are not in their hands and also says that the measures being implemented by the central bank are the same as that of the early 1980’s.