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santoshbhagwat (Guest)
7th Dec 2016 at 04:43 pm |
excellent mam, independent autonomy of RBI REAFFIRMED... truly said...
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Rajiv Goel (Guest)
7th Dec 2016 at 04:06 pm |
The RBI and Government authorities have painted themselves in to a corner it seems. With demonetization they have significantly dampened the demand side of the economy - and let us not forget that India is and will continue to be a demand based economy where the Marginal propensity to consume is very high. The authorities have not considered, IMHO, the effect of the Global variables and forces on the supply side, viz., crude prices, commodity prices and Fed rate hike that is likely in the short term. All
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Rajiv Goel
7th Dec 2016 at 03:39 pm |
I feel that the RBI has painted itself in to a corner. The downward economic spiral that we are experiencing on account of the demonetization is anybody's guess as to how much it damages the economy a nd for how long. The RBI chose the easy way out - it refused to ease any monetary policy since it does not understand the extent of the impact of the demonetization. This is the PREMIER institution of the country that effecti vely said "let's just wait to see the effect of demonetization first" without saying
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Amit (Guest)
7th Dec 2016 at 03:39 pm |
Kudos to Ruma Mam.. really fast to give us an update
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