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Yes cut the rate but where will the retired persons having only the income from term deposits go. Approach their children witha begging bowl. There are millions of retired people who depend solely on the interest from their savings. Have a heart Mr.Arvind.
Should not till: 1. All Banks reduce rates already effected, 2. Deposit rates are fixed such that the rate differential is not more than 1%, 3. Till Banks recover all NPAs and accountability is fixed on the erring staff, mainly top brass.
Dutch disease may arise in GST introduction if the rate of GST is inappropriately standardized and settled in haste. The present GST is the outcome of reformative hurdles and therefore refined a lot and hopefully continue to be in the race towards perfection.