Commenting on the increase in rates by the Reserve Bank of India, Mr Pradeep Jain, chairman, Association of real estate developers of India Association (CREDA) said, "the RBI credit policy is unlikely to change the course of market. Over the past year, the RBI has initiated a very ambitious management of inflation by raising interest rates consistently, but the results can not be seen again. The government must also take other measures strong as ensuring good public distribution system central food items, and take action against hoarders as a measure to control inflation. "
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