Dear Raghuram Rajan My economy knowledge is nothing in front of ur knowledge, but m not getting which kind of step u took yesterday. I think u r going against grain.In one hand u increased repo rate by .25% and on other u decreased MSF by .25%. Means banks are only going to get profit from this step ,Yesterday u said inflation will grow our economy, u r absolutely right.. But I think this is not inflation, stagflation is better word for this... In September u increased the limit to give loan on consumer durable goods by bank, and now by increasing repo rate u increased EMI for this.. On one side congress is saying 66% people in India are poor and they pass food security bill(bull shit) and u r concern with only those 33% people who are rich according to Congress. Onion is already 100 rs/kg... And now u full planed to break tendulkars record of 200* Once u gave a statement m not super man and now u r doing every thing like him only.. Finally I just want to say inflation is good but not that much..
Posted on: Wed, 30 Oct 2013 06:37:41 +0000
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