Centre: Review inflation focus

The government on Friday suggested whether the country needed a more flexible timeline for its inflation targets given the need to help indebted companies lower their debt levels, according to its mid-year economic report out on Friday.

“How can borrowing costs be lowered without jeopardising the medium term inflation objective ” the government said in the report, authored by CEA Arvind Subramanian. “Is there a case for a more gradual glide path or greater flexibility in interpreting the inflation objective ”