This is regarding the report “Govt has done its bit, ball in RBI’s court:FM” (FE, Mar 9). The government cannot remain satisfied by giving it over to RBI. The downward trend of inflation and the upward trend of GDP growth are welcome. But instead of relying on or looking up to numbers, government will have to work in real terms. As pointed out, the MSP on paddy may be a decisive factor. We hope RBI will play its part well by cutting the rates so that there will be a revival in the industry. Also, attention should be paid to the increase in the growth of agriculture. “Centre seeks Parliament’s nod for additional spending of R49,000 cr” for subsidies contained in various forms just after presentation of Budget. That means not RBI, but the government has to be more vigilant on cutting expenses and increasing earnings.
- Jacob Sahayam, Thiruvananthapuram (FE)
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