this comes right on the heels of the big union budget of the first prime minister modi. it now puts us on a trajectory of using at about 7.5% -- that is the benchmark rate at the central bank. the big question is where banks cut rates. india is poised to grow 8.5% for the current year. corporate india has been very skeptical and has been complaining that it remains very high. this comes as a surprise and every economist that bloomberg has surveyed said they do not expect a mid-march cut. one thing that will ease the nerves of empires is the fact that the r.b.i. in the government are finally singing the same tune. the chief economic advisor to the government and the finance minister have reiterated that they are on the same page when