However, overall, the coming of the new agricultural season, the past rise in import prices and sharper administered price growth after the formation of the future government will (despite low aggregate demand) lead inflation closer (at a moderate pace) to the upper bound of the target tolerance band by the end of the current and in the first half of the next year.
Till April 16, 2008, MOUs had been signed with 16 state governments and Central Government, which encompass 1586 UCBs constituting 87.1 per cent of the total number of banks, which account for 93.8 per cent of the total deposits of the UCB sector. 33.