Indian Economy
The current price index (base 1960) is nearly 330. This means that

weighted means of prices of certain item has increased 3-3 times
the prices of certain selected items have gone up to 3-3 times
gold price has gone up 3-3 times
none of the listed here

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to govern entry of new private sector banks to make the banking sector more competitive
to setup more foreign exchange banks
to reduce the freedom given to banks to rationalize their existing branch network
to lend more easily for industrial development

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