Services up, now for the returns

UPSC Practice recommends Services up, now for the returns.

The Reserve Bank of India (RBI), which has raised the repo rate to tame inflation, anticipates higher pass-through of input cost to selling prices. A slew of steps taken by GoI has helped ease cost-push pressures somewhat. Excise duty cuts on petrol and diesel have moderated pump prices.

Courtesy: ET Editorial-Opinion-Economic Times

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