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The new Government should aim at taming inflation by monitoring the CPI-WPI data the way Sensex is monitored, Assocham President Rana Kapoor has said.
There is a need to ensure that the debate of growth versus inflation is settled once and for all. Interest rates would then surely drop significantly, he said. The Government should also use the general Budget in June or July to send a strong message that the tax regime would be clear-cut, non-discretionary to different interpretations and under no circumstances would be retrospective, Kapoor said.
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