INCREASING THE INTEREST RATE ON ONE HAND TO CURD INFLATION AND GIVING INCREASED D.A. TO GIVT. EMPLOYEES ?? GOVT EMPLOYEES ARE BENEFITED FROM EACH POINT INCREASE IN INFLATION INDEX.
Re: THESE FOOLS DON'T KNOW WHAT THEY ARE DOING
by RathaChamundeeswari Angalamman on Sep 19, 2010 07:04 AM
Hey those bapus will man election work. Most critical position to be in when all tamasha happen with EVMs
As it is , prospective home buyers ran away from the mumbai real estate market thanks to the mindless increase in the price.
Some one announced that the economy recovered and stock market turned around. The next day the cost of the flat jacked up by 50 %. lmao. There is no rhyme or reason. Even the PM says that the recovery is fragile and will take long time.
Since January alone, prices have risen by almost 80% in some areas and they are going up and up despite no takers for months together. lol.
Now RBI came with a spoiler. Now decision making is very easy. lol. No way any one would go for a home loan and burn fingers with this ridiculously high interest rate and but an idiotically expensive flat and end up paying EMIs till retirement.
Hike in interest rate of home loan/personal loan will effect the lower income group the most.they will be hit by inflation on one side and the RBI on other.
Re: RBI is fooling around
by mailme alladin on Sep 17, 2010 03:01 PM
Lower income group don't borrow money from banks, they borrow from Mahajans and pay high always. RBI rate doesn't matter for them.
I do not understand how the increase in lending price would control the inflation on consumables. Is it like people take personal loan to buy rice, wheat etc for their homes. Government should take steps to reduce price of petrol and diesel that are indirectly increasing the cost of the consumable products. Atleast Government should look at alternatives to reduce inflation rather than increasing interest rates that would effect people unnecessarily.