"how the government has fared in terms of adhering to its predetermined road map for fiscal consolidation and whether the Monetary Policy Committee has succeeded in achieving the twin goals of reining in inflation within the target while ensuring growth and stability.” For solid 70yrs what had we done.The result is out for the monetary Policy , Fiscal consolidation etc.Look My Lord India here it comes “Where do we stand on the ladder of equity? This is a question that citizens of the republic can ask the state after 70 years of legislating welfare laws and adjudicating measures to deliver social justice.""The ground reality is dismal," he(Hamid Ansari) said during the inaugural address at the 9th National Conference of the Indian Association of Lawyers here. while the top 10 percent controlled about 74 percent of it. The poorest 30 percent, meanwhile, had just 1.4 percent of the total wealth," he added.This was in newspapers in Sep2017 .Then came the research report by Thomas Piketty and Lucas web site WID.world and the the OXFAM report.DISMAL! DISMAL!! DISMAL!!! Common mancannot take GDP growth to market.He wants earnins and Purchasing Power .Had our ever growing GDP growth given it?China's plenum talks of reasonably prosperous country ,we talk of poverty Line India and china went for technical assistance to Russia almost at the same time,China invested in state of the art machinery ,india in state of the art money laundering and NPA
What will regulate REDIFF to let display reasoned out statements.It deleted what I wrote .What I wrote meant no offence ;quoted the ex,v,P. and research report by Thomas Piketty and Lucas Chancel web site WID.world RPonnambalam
What will regulate REDIFF to let display reasoned out statements.It deleted what I wrote .What I wrote meant no offence ;quoted the ex,v,P. and research report by Thomas Piketty and Lucas Chancel web site WID.world RPonnambalam
“In their absence, there would be an increasing demand from the political establishment to make the regulators accountable, which as a consequence is likely to enfeeble them apart from making them subservient to the government’s wishes that are often inspired by short-term political considerations.” This will create more white elephants and is good for the white elephant fraternity.What is that political establishment?.Why can’t the RBI be answerable to F.M on things that matter and why can’t the RBI give statement annually or half yearly about the correctness of things done when already there are half yearly audit anuual audit etc.of banks and banking systemThey are not there to eat away salary .R.Ponnambalam
"How do you make regulators accountable?"By imposing due punishment in accordance with rules for the wrong done.India doesn't have have the wherewithal for India has different rule for the influential and for the ordinary
