Re: MODI GOVT IS A BUNCH OF FOOLISH MINISTERS
by Mature Stud on May 23, 2016 06:27 PM
hehehe... fool! Modi govt. is headed by correct people... kangis headed by crooks! One such was Raghuram Rajan!
Totally agree with your views. Choice of RBI governor should be on the basis of merit and not be subject to political whims. India deserves him and viceversa.
Re: Dr Rajan to stay
by TRILOK MEHTA on May 23, 2016 06:32 PM
He himself didnt know what to do in life. Did Electrical Engg from IIT Delhi. Did Management from IIM Ahmadabad. Then did Economics from MIT. He knows enough in american Banking and finance. But Sorry not Indian Economics. Swamy you are 100 percent correct.
In past 10-15 years we have seen the Saving's interest rate gone down to 7% and then went up upto 10 % and now they are around 7.45%. In last 10-15 years many new companies started and at least half of them are dumped or gone down. Many promoters even disappeared from the seen after sucking share holders money. Even with Banks officials and political leaders connivance some Industrialists borrowed money heavily not to pay back. some among them manupolated the money to transfer in foreign banks , even now it is going. Govts. in center or in States are blind to save guard the interests of their political Masters and passing on freebies to public to make cheap popular base for coming elections. Just before Elections , there is heavy rain of freebies and heavy transaction of money , of course it is black money. Govts. takes care of only Govt. employees at the cost of tax payer's money, just to run their wheels smoothly. some times they spend excessively as compared to other unorganized employees of Private sectors. There is big network of businessman who are either paying very low incometax or not paying at all. Same way there are properties in every city which are out of Property tax net work. In Most of the departments related to Housing in any form , the revenue collected by govt. is much lower than the money collected by employees is much larger , of course below the table that too some times on false reasons from common man. first control this .
who will be the governor of rbi it will be decided by govt. of india and if they find out more better person then that to be accepted in past that was happened. I think it is making a politic with that type of story .
