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RBI raised interest rates; how this impacts you!


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JAGDISH
THIS WILL REDUCE PENSIONERS PENSION WHICH IS NOT UPDATED
by JAGDISH on Mar 22, 2011 08:58 AM

JCK

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ILAPAKURTI SATYANARAYANA
impact on house budgets
by ILAPAKURTI SATYANARAYANA on Mar 17, 2011 09:44 PM

house loans costlier - consumer loans costlier - adverse impact on growth of savings for upper middle class sector - not a welcome decision - must forego some expenditure to overcome the costlier loans impact on house budgets - so sign of hope for moderate price structure of food articles or consumer loans interest rates - must go in for collective transportation network of metros - housing colonies - marketing arcades - from micro & macro financial structures - opinions differ

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vichitra
if
by vichitra on Mar 17, 2011 03:57 PM

if you really want a document on RBI i can send it just mail to me

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raj pat
SUUBO RAO I CAN MANAGE BETTER THAN U
by raj pat on Mar 17, 2011 02:22 PM  | Hide replies

RBI incres rate because of infation.. Now do simple home work.
RBI Incres rate==I will increse RENT..
Tenent will increse his earning(shop,business,salary etc).
So it will create chain to increse the more infation....R U REDUCING INFLATION OR INCRESING..WHAT A PAGAL...

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Red Pascal
Re: SUUBO RAO I CAN MANAGE BETTER THAN U
by Red Pascal on Mar 17, 2011 02:26 PM
increase in rates reduces loans being taken driving down the money supply and driving down the tendency to keep pricing things up just because people can take a loan and buy- this applies to goods like houses, cars etc, so if there are less buyers and more supplies- costs of houses will go down, and you can increase the rent but poeple with cheaper houses will be giving their houses for less rent and you would not find a tenant. Now who ends up being a pagal ? Learn some economics and then comment here

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raj pat
Re: Re: SUUBO RAO I CAN MANAGE BETTER THAN U
by raj pat on Mar 17, 2011 02:47 PM
Supply are more where population..is not increasing...Consider other factor also.

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om shanti
Re: Re: SUUBO RAO I CAN MANAGE BETTER THAN U
by om shanti on Mar 17, 2011 03:51 PM

Then why is interest rate on housing loan 3-4%,car loan 5-6% in China?

Does lower loan rate ,give more opportunity for increasing customer base?

Does increasing customer base not create cascading effect in all segments of economy including cement,steel,glass,automobile spares,glass,etc,etc,etc..does it not help in ensuring faster growth rate?


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Sai Cunt
Re: Re: Re: SUUBO RAO I CAN MANAGE BETTER THAN U
by Sai Cunt on Mar 17, 2011 09:17 PM
So infaltion is high in China too and recently China has made a law saying that a house owner needs to pay 30% of the money to qualify for a 2nd home loan and for those wanting to own a 3rd house 50% is to be paid upfront by the person buying, this to curb the spiralling house costs caused by people taking loans and speculating on housing. Those talking about population should see the pricing of houses in Gurgaon/Mumbai and see the average Indian salary and then take a call if the houses in India are overpriced or not- plus majority of the new buildings are empty- this is not demand supply but speculation that is driving the prices up and can lead to a US economy like crash if the rates are not increased and prices kept in check

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Ramesh BN
RBI governers are dumb
by Ramesh BN on Mar 17, 2011 02:13 PM  | Hide replies

Lallu prasad yadav can do a better job than RBI governer.

They should come up with better economic model, than just playing with interest rate.

The economics should make people work, provide reward/risk opportunities, promote innovation, support controlled greed/gambling/etc, promote wealth creation, protect wealth created etc.

RBI governers are dumb people.


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boga krishna
Re: RBI governers are dumb
by boga krishna on Mar 17, 2011 03:42 PM
Understand that you do not know much about economics and its dynamics...no worries be cool!!

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boga krishna
Re: RBI governers are dumb
by boga krishna on Mar 17, 2011 03:42 PM
Understand that you do not know much about economics and its dynamics...no worries be cool!!

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chatter
Shooting in the dark
by chatter on Mar 17, 2011 02:05 PM

The problem with the RBI is that it does not have visionary leadership. Unlike people like C Rangarajan, Bimal Jalan and Y B Reddy who were reknowned economists Mr Subba Rao is just a beauracrat who has been made the Governor. His reactions to the whole sitution has been equally beauracratic.

The reaction of the RBI would have been OK if the inflation had been caused by demand pulls, that is too much money in the system. That is not the problem. THe problem is supply side, where goods - agricultural and industrial - are not reaching the market. If, as the government is claiming, industrial and agricultural production is booming, where are these goods going ? The answer is obvious - they are being hoarded to play up the commodities markets so that unscrupulous traders, in cahoots with corrupt politicians, make huge profits.

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GRINDIAN
STOP Comodity markets .
by GRINDIAN on Mar 17, 2011 02:05 PM

Stop Comodity markets and the issue of Food inflation will get resolved. Its all speculative and grred is the base cause.

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chandra mohan
Will the bank savings & FD interests will increase?
by chandra mohan on Mar 17, 2011 01:41 PM

With this rate hike will the bank & PO small savings like SB, FD, NSC... interest increase?
as it looks like the inflation rate & interest rate are the same meaning no loss no gain!

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chandra mohan
Will the bank savings & FD interests will increase?
by chandra mohan on Mar 17, 2011 01:41 PM

With this rate hike will the bank & PO small savings like SB, FD, NSC... interest increase?
as it looks like the inflation rate & interest rate are the same meaning no loss no gain!

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om shanti
.
by om shanti on Mar 17, 2011 01:25 PM


Do you think people are taking loans to hoard vegetables?

Hoarding/black marketing is done by using hawala,match-fixing,2G scam type of money which is kept hidden in jute bags along with potato sacks in secret godowns..

These efforts are mere hogwash..

Come down heavily on :

Corruption :k1ll all corrupt leaders,babus,officers,traders..

Remove transportation bottleneck:To ensure faster movement food items from farm to consumer

Create enough cold storage: To minimise wastage


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