He was appointed by the UPA Government. But knowing his potential, the NDA has whole hearted accepted him. I am very happy that Mr Raghuram Rajan has a feeling that Ache din aayega, because he knows the trend.
Re: Ache din aayega - RBI Governor
by vijayjbhatt on May 20, 2015 02:07 PM
High time to cut rates
A number of recent macroeconomic developments, positive as well as negative, have strengthened the case for a rate cut by the RBI, when it meets on June 2. On the positive side, inflation and fiscal deficit have come down while on the negative side, dismal industrial output growth, poor corporate profit and exports slowdown have raised concern about credit crunch and growth prospects.
According to official figures, wholesale inflation dropped to a new low of (-) 2.65 percent in April. This is the sixth month in a row when deflation pressure continued, and, according to a SBI research report, WPI inflation is likely to fall further to about (-) 3 percent in May despite concerns over weak monsoon and recent fuel price hike. Retail inflation also has continued to fall. In April, it fell to a four-month low of 4.87 percent, and it also is expected to continue declining in the coming months.
Meanwhile, the Centre has contained fiscal deficit at 4 percent of GDP for 2014-15 against the 4.1 percent target, which was set by the UPA government in its interim budget and later adopted by the Modi government. In addition, the revenue deficit for the year has also come down to 2.8 percent, beating the budget target of 2.9 percent. I hope the central bank will take these developments into account in its forthcoming policy review.
In contrast to these positive developments, the industrial production scenario is worrying. In March, factory output growth slowed to 2
Re: Re: Ache din aayega - RBI Governor
by vijayjbhatt on May 20, 2015 02:10 PM
factory output growth slowed to 2.1 percent from 4.8 percent in February. Similarly, the fall in corporate earnings is another factor that has strengthened the case for a rate cut. In addition, the worry about expensive credit and high interest rates, over which even the Finance Minster has raised concern time and again, should not be overlooked by the Central bank. But while expectations are wide, apprehensions still persist. The weak rupee and the recent hefty hike in diesel and petrol prices may hold the RBI from cutting rates. It may also choose to wait to get a better monsoon picture. I find it difficult to believe that these concerns, though not baseless, should be overriding factors in the RBI decision. The economy is in a fragile state, demand has slumped and inflation looks pretty good, and if the central bank still chooses to pause and argue, this would be, for many, a decidedly odd choice. I invite your opinions.
The general feelings in the investment circle in India is that they can do business and make ill gotten wealth. The crying for tax concessions are a normal cry of investors in India. Any strict rules imposed they stand united and make the govt to change the rule. And the govt normally bends thinking investors will run away. IN India no one thinks of doing business straightforward and make money legally. Govt normally provides all facilities and concessions to them and that is why they clamor for such concessions. Whereas the agri sector is totally abandoned, no one care this sector. While subsidy is questioned, incentive to business is not questionable. I think we should rechristen the word subsidy with incentive. Farmers must be given incentive for producing farm products and not subsidy. The reserve Bank Guv while protecting the PM must also clarify the cost of petrol and diesel and where and what is amount of saving the govt has benefited due to international crude price reduction. And also give a bifurcation of the cost of production and pricing bifurcation of petrol and diesel.
Re: spoke like a Cabinet Member
by Nandan Singh on May 20, 2015 12:16 PM
You can't stop yourselve to praise good work done by your enemy.The Rajan has appointed governer by last UPA Govt.He can not stop himself to praise the work done in the interest of country.
Re: Re: spoke like a Cabinet Member
by jack Pais on May 20, 2015 12:26 PM
Rajan is in good books of the PM but may have a tiff with FM.After all, he is appointed man. It will be sad if he quits.
Re: Last one year what did WE DO
by Jeganathan S on May 20, 2015 02:04 PM
Well said. We only expect from Government and don't do anything. It becomes PMs duty to ask the citizens to keep the surroundings clean. Its shame on us. Even at home who teaches cleaniless ie., ladies throw the tickets and fruit peels on the road.
But we expect all the works to be done by Government or Government agencies and we will not do anything.
Re: Last one year what did WE DO
by Useless Comments on May 20, 2015 11:34 AM
in last one year we have done the same thing we have done in 67 years. Cribbing and cribbing
Re: Last one year what did WE DO
by shantanupratap trivedi on May 23, 2015 06:49 AM
Citizens of India have adone a lot in last one year. Muslims have reproduced like mice to contribute to the population. Christians have raised the the tempo of discrimination internationally(John Dayal) hoping for minority appeasement. Rest of us just sat doing nothing and dreamt that Modi will come and do everything for us.
