..........It was only two weeks ago that Prime Minister Manmohan Singh's new favourite, Economic Advisor to the Government of India, Raghuram Rajan, reassured the public that the persistent fall in the value of the rupee was an aberration which would soon get corrected. Insiders within North Block say that Rajan is the PMO's favoured candidate to take over from RBI Governor D. Subbarao when that worthy finally bids goodbye to the central bank in a few months time, after having caused a steep slowdown in growth through a restrictive monetary policy.............
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1 comment:
When no decision is taken on 1,50,000crore infrastructure projects by GoM to help boost growth, it is futile to blame Fed Reserve for all our economic woes.Fed Reserve has got some temporary impact on fall of Re value, why we can't be more transparent and courageous in deciding and facilitating on FDI flows,Why continue with useless social sector schemes and unproductive defence research projects ?Why not have FDI in defence projects, introduce GST and land acquisition bill? Patriotism is lacking.
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