The much awaited credit policy has come out.
As suspected by Vaagmiji, RBI is talking in terms of funding ARC[asset restructuring companies] to take NPAs of nationalised banks.
He is also again telling banks to disclose all their non performing assets before end of this quarter.
Again recapitalising of PSU banks is a real possibilty.
He is growling again to ensure Govt does not act in a way to increase fiscal deficit and saying instead of spending recklessly , work for growth.
It is like telling some one to dance tying hand and feet.Lol
RBI has outlived its utility. He is acting like a run amok delhi cop.
I hope, govt has the wisdom to not listen and do their own thinking to put the economy on recovery path instead of caring about inflation or interest rates too much
There is no alternative to stimulus to private fellows to kickstart growth. Similarly only MNREGA for the rural poor and relief to mitigate distress of small farmers
is more important than fiscal targets. These measures win elections.
Govt should enter low and middle income house house construction with a large labour force to solve house shortages and provide employment. It should give low
interest loans for housing.
Food should be made available to all at reasonable rates without discrimination.Having record harvests are of no use if poor cannot be fed.
Arm chair finance experts in RBI should be pensioned off and central controls scrapped at the earliest. They have brought economy to a stand still.
I wish govt uses the talents of decent economists to manage countrys finances.
No sense in having trust in lawyers to man a specialist finance portfolio.
Sooner we see changes better it would be for the country.
As suspected by Vaagmiji, RBI is talking in terms of funding ARC[asset restructuring companies] to take NPAs of nationalised banks.
He is also again telling banks to disclose all their non performing assets before end of this quarter.
Again recapitalising of PSU banks is a real possibilty.
He is growling again to ensure Govt does not act in a way to increase fiscal deficit and saying instead of spending recklessly , work for growth.
It is like telling some one to dance tying hand and feet.Lol
RBI has outlived its utility. He is acting like a run amok delhi cop.
I hope, govt has the wisdom to not listen and do their own thinking to put the economy on recovery path instead of caring about inflation or interest rates too much
There is no alternative to stimulus to private fellows to kickstart growth. Similarly only MNREGA for the rural poor and relief to mitigate distress of small farmers
is more important than fiscal targets. These measures win elections.
Govt should enter low and middle income house house construction with a large labour force to solve house shortages and provide employment. It should give low
interest loans for housing.
Food should be made available to all at reasonable rates without discrimination.Having record harvests are of no use if poor cannot be fed.
Arm chair finance experts in RBI should be pensioned off and central controls scrapped at the earliest. They have brought economy to a stand still.
I wish govt uses the talents of decent economists to manage countrys finances.
No sense in having trust in lawyers to man a specialist finance portfolio.
Sooner we see changes better it would be for the country.
