Full implementation of MSP can stress fisc: Rangarajan
For a strong growth, we need a strong banking system. The fisc can come under stress if some of the new commitments such as the full implementation of new MSPs for agricultural commodities are to be fulfilled. Much depends on good governance," Rangarajan said.
Former Reserve Bank Governor C Rangarajan today said the full implementation of recent hike in Minimum Support Prices (MSP) for some of the agricultural products may push financial system "under stress." Image source: Reuters