Tuesday, August 21, 2012

Save a Thought for the Savers

........with the part that seems to suggest your concern for borrowers might, once again, outweigh your concern for savers and induce you to ‘direct’ the Reserve Bank of India (RBI) to lower interest rates. Yet, savers hugely outnumber borrowers ; any democraticallyelected government should be more concerned about savers rather than borrowers. Indeed , there can be no borrowers if we did not have savers willing to provide funds. But time and time again, policymakers have taken savers for granted.............

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