Direct cash transfer should be indexed to adjust with inflation:
Former Chief Economic Advisor to the Indian Government and Chief Economist of the World Bank, Kaushik Basu, on Wednesday said direct cash transfer should be ``indexed'' to adjust with inflation.
The Customers, Clearing and Freight Forwarding Association said the recent move by the monetary authority to deregulate the foreign exchange market has seen goods piling up at several border posts as duty is now indexed to the prevailing inter-bank rate.