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Modi?s call to India Inc to take risks will likely fall on deaf ears; ball is in govt's court


There are two key takeaways from Prime Minister Narendra Modi?s three-hour long meeting with top industrialists, economists and central bank chief on Tuesday. For one, the government wants the private sector to take risks and invest more in the economy; secondly, both the government and the industries are desperate for lower cost of capital, which essentially means more pressure on Reserve Bank of India (RBI) governor Raghuram Rajan to cut rates. read whole story
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