This is the second innings of job cuts for Indian top office bearers. After replacing governors and Planning commission in the first innings, now comes the second innings where Chander has been sacked and Censor Board quits very soon. Rajan is still putting his attendance in RBI.
Non interference in RBI working by the Central Govt.particularly the Finance Ministry would go a long way in improving the overall progress of the country on economic front.The sound economic policy followed by Dr.Rajan gives an impression how the world economy is handled by the experts.Politics has a limited role to play in the administration of country's economy when it is handled by the experts.
Re: this is nothing
by Vascado on Jan 17, 2015 12:09 PM
Sure with 4% interest rate, you will reach the top in inflation and reach Zimbabwean levels soon where when you are taking refreshments in a hotel, price would change so rapidly every 10 minutes. A plate of Pav Bhaji would be costing Rs. 100 when you enter into the Hotel and by the time it is served to you and you start relishing it, it would have crossed 120. May be, you are yearning for such days with your proposal.
Re: Dead wood
by Vascado on Jan 17, 2015 12:13 PM
Even now, he has reacted prematurely where he didn't live upto his own prognosis. He clearly stated in November that he would not intemperately react to piece meal data, but in December when the retail inflation infact climbed statistcally inspite of the high base effect, he was ironically delivering a cut. It is obvious that he was pressured to do what he did.
Many people look upon the financial system of the Capitalist World with awe and reverence, so impressed they are by its mysterious workings. It seems to them too intricate, delicate and complicate to even try to understand it and leave it to the experts and bankers and the like. Capitalism is ofcourse intricate and complex, and to be complicated is not a necessarily a virtue in anything but still we must have some idea of it, if we are to understand our present World. What have been the unintendened consequences of Capitalism over the years ? The Great depression of 1929 which shattered the economic foundations of many Countries that they switched over to socialism and communism. But those who doesn't learn from history, tend to repeat it and Capitalism slowly found its way with the help of imperialist forces through the collapse of socialism and communism. This time with even a severe dosage of globalsiation. As a result, USA once again sunk in depression in the 1970s taking down the entire World with it and the late 1990s had the East asian currency crisis followed by the bigger 2008 liqudity and mortgage crisis from which the World is yet to extricate itself. Have anybody given thought as to why Capitalism is so topsy-turvy ? It is because of the defect in its basic foundtion which has a vicious cycle of boom and recession switching alternately taking away whatever benefits that they might yield in good times. It is no brainer that Capitalism aggravates inequality
Many people look upon the financial system of the Capitalist World with awe and reverence, so impressed they are by its mysterious workings. It seems to them too intricate, delicate and complicate to even try to understand it and leave it to the experts and bankers and the like. Capitalism is ofcourse intricate and complex, and to be complicated is not a necessarily a virtue in anything but still we must have some idea of it, if we are to understand our present World. What have been the unintendened consequences of Capitalism over the years ? The Great depression of 1929 which shattered the economic foundations of many Countries that they switched over to socialism and communism. But those who doesn't learn from history, tend to repeat it and Capitalism slowly found its way with the help of imperialist forces through the collapse of socialism and communism. This time with even a severe dosage of globalsiation. As a result, USA once again sunk in depression in the 1970s taking down the entire World with it and the late 1990s had the East asian currency crisis followed by the bigger 2008 liqudity and mortgage crisis from which the World is yet to extricate itself. Have anybody given thought as to why Capitalism is so topsy-turvy ? It is because of the defect in its basic foundtion which has a vicious cycle of boom and recession switching alternately taking away whatever benefits that they might yield in good times. It is no brainer that Capitalism aggravates inequality
Re: finance ministers should require quali
by MOHAN LAD on Jan 17, 2015 09:46 AM
Jaitley's quality is he is a bridge between BJP and Congress as Modi has badly damaged his relationship with Sonia in public due to electoral exigencies. Jaitley is backdoor channel between BJP and Congress, while both the party fool Indian public with sham democracy.
Re: rbi
by Amit on Jan 15, 2015 07:41 PM
Right to ! RBi governor is a joke .........with inflation at below 0.5%....he can easily reduce by 1% and six months later by another 0.5% to really boost economy
Re: Re: rbi
by Varadarajan Ravindran on Jan 16, 2015 02:01 AM
That is nit rue! Indian inflation artes have been too high for several years. So much so, the currency has had no value in foreign exchange markets.
Re: Re: rbi
by Varadarajan Ravindran on Jan 16, 2015 02:03 AM
The RBI governor knows what he is doing! Indian inflation rates have been too high for several years. So much so, the currency has had no value in foreign exchange markets. The RBI governor is therefore reducing the interest rates in stages.
Re: Re: rbi
by MOHAN LAD on Jan 17, 2015 09:47 AM
Jaitley's quality is he is a bridge between BJP and Congress as Modi has badly damaged his relationship with Sonia in public due to electoral exigencies. Jaitley is backdoor channel between BJP and Congress, while both the party fool Indian public with sham democracy.
Re: rbi
by History Writer on Jan 19, 2015 12:17 AM
This is the second innings of job cuts for Indian top office bearers. After replacing governors and Planning commission in the first innings, now comes the second innings where Chander has been sacked and Censor Board quits very soon. Rajan is still putting his attendance in RBI.
