..........In other words, the governor has invited the finance minister to a tango which is likely to see some spectacular flourishes. The common man had better enjoy the sight, for the real implications of the RBI’s drastic actions are all dire. Bank credit is about to be curtailed, and with it, business expenditure on investment and inventories. Those big companies that can borrow abroad will still have an option; but it too will begin to sour as foreign financiers look at the prospects of the Indian economy and ask themselves whether it would be wise to sink their money into it. Meanwhile,..........
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