I think let the GUV pay attention to growth first.The interest rates must come down to give a boost to economy.Low interest rates will transfer into lower interest rate differential between us and other advanced countries,will stop any apprehension of sliding of Re, will bring stability in exchange rate, boost investor confidence etc. Concerned about fiscal deficit, inflation etc stop a few social sector schemes or PDS. The beneficiaries are in no way benefitted and money goes down the drain. RBI GUV retiring in Sept next. That's far away.Shri Mittal, Secy,Financial Affairs is retiring on 31 Jan, 2013. No chance of him replacing the GUV. One DG goes now in Dec end. Shri Gokurn is very good. He will be replaced by an economist. Before retiring on 31 Dec, 2012, Shri V.K.sharma has deciphered the Eurozone crisis.Only solution seems to be to abandon Greece or possibly Spain.
- Sitendra Kumar, Ex-General Manager, Jaipur (via e-mail)
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