Old thinking, just blame earlier, bonafide of present FM are highly suspicious, he thinks whole country as tax evader, as such people also feel him cunning and only legal man, cannot win any election. Regarding mis-deeds of earlier RBI, what correction he could make except demonetization. From RBI point of view almost total currency is back in bank.
I think there is a urgent need that the sites of Rediff are secured and this site itself is not secured. Hope the necessary security certification is added to ensure that it is HTTPS and not HTTP
It is the duty of the Govt in Power to coordinate with RBI for efficient monetary policy of the Country. It is not good for either the RBI top executives or the FM to come in open and criticize the function of each other that too in open. The developments in the last year of the five year term of the govt be it CBI feud or the RBI feud is disturbing and sending negative signal to various stake holders including borrowers, depositors and investors. Lot of Caution need to exercised in such delicate issue before expressing negative comments.
Re: Unhealthy Developments
by P S SHAH on Oct 31, 2018 09:48 AM
It is high time Arun Jaitley should step down as Finance minister or change his portfolio and stop blaming others all the time. He is definitely not an expert on Finance. During his illness, Piysh Goyal took charge of Finance ministry and he is the most efficient Union minister who has proved his efficiency . EIther Piysh Goyal or Dr Subramaniam Swamy should be better choice anytime as Finance minster than Arun Jaitley.
Banking system was a mess under UPA. Lot of banking reforms have been made by current Govt. Now it is difficult for Bank officials to approve easy loans and get a cut,, hence the noise
Re: Bank officials not getting their cut, hence the noise
by naraen ganapathy on Oct 31, 2018 12:29 AM
Current Govt. didn't do any banking reforms, what it did was interest rate cuts.
Re: Main culprit
by gokula patra on Oct 30, 2018 06:21 PM
Agree. MR Jaitley has completely messed up with half knowledge. Of course Chidambaram passed many legacies..
Re: Main culprit
by Truth Prevails on Oct 30, 2018 08:30 PM
Yes, all the NPA loans of Mallya, Nirav Modi, Choksi and others were given by present Govt.
Re: Main culprit
by P S SHAH on Oct 31, 2018 09:50 AM
If the leaders can claim credit for the good work of others, they should be prepared to take blame also instead of blaming others all the time.
Re: Main culprit
by P S SHAH on Oct 31, 2018 09:56 AM
Why with an absolute majority to rule at the center, the present government is continuing Arujn Jaitley as the Finance minister. He is the person who is known for complicating the matter instead of simplify the same. He has created a total mess and confusion with GST by bringing number of notification and circulars every time. I dont know what is the compulsion for this government to allot him this important portfolio and to continue him as FM inspite of his below par performance.
We are not the economist to talk about economic issues. Just for the sake of talking something with a animosity towards Jaitly is not a wise men's dicision. If at the fight between two institutions is good for democracy. If there is bonhomie relations then , both of them can ruin the the economy. Here some check will be imposed by one another.
Re: Fiscal and monitory policy
by Manian on Oct 31, 2018 07:48 AM
Healthy and constructive criticisms are most welcome but blaming each other in open that too when the institution is under government control is not healthy. This sends a message that government is trying to prepare for the blame game over the economic crisis. Be it CBI issue or the RBI issue it should have been handled better and should not have been allowed to develop so deep and then trying to address the issue.