Similarly, the simplifications of procedures for import remittances have also been introduced. Overall, measures for simplification of procedures have been made subject to KYC and Anti Money Laundering guidelines.
There is still a lot of hard work to do. Inflation is a tough nut to crack. If we want to crack it, monetary policy has to be tough, too. It would be wrong to slacken our efforts at the first vague signs of an easing of price pressures. We have to ensure that high inflation actually ends.