......The government should take serious note of the decline in household savings in financial assets from 12.9 per cent in 2009- 10 to 10.0 per cent in 2010- 11 and further to 7.8 per cent in 2011- 12 (RBI Annual Report for 2011- 12). This should be a strong signal to the government to reverse its wonton policy of hurting financial savings. If the government persists in pursuing this disastrous path, there will be a faster decline in household sector savings in financial assets and a move to gold and other financial assets.......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment