Mumbai, Sept 15 (ANI): RBI Governor Raghuram Rajan, said on Monday that India's macroeconomic indicators are improving but Asia's third-largest economy needs to eliminate diesel subsidy completely. Rajan said data suggested that it was a matter of time that we can declare ourselves totally out of inflation. Rajan was speaking at a gathering of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks' Association (IBA) at the thirteenth edition of FIBAC. With crude oil prices falling globally, Rajan pitched in for eliminating diesel subsidies completely. Talking about the deluge in India's Kashmir, Rajan said that the central bank will work with other banks to restore normalcy in the region.
