FE Editorial : Price in a rate cut

Feb 16 2013, 02:09 IST
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SummaryAfter the poor industry and GDP data, the wholesale price inflation data comes as a pleasant surprise with headline inflation at an unexpected 6.6%—and this is when there’s no ‘base’ effect either.

3 times since FY10—have done so for other reasons ranging from lack of environment clearances to even defence clearances. Apart from the functioning of the Cabinet Committee on Investments (CCI), investors will be looking to the Budget for their cues. That includes not just what the finance minister will do in terms of compressing expenditure but also what he does in terms of redressing the retrospective tax imposed by his predecessor as well as what is announced by way of the slew of transfer pricing adjustments that industry has been hit with.

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