This refers to the article “Sliding rupee, sloppy methods” (Business Line, July 11). The author should give credit to the collective intelligence of the RBI Governor and his team of officials who have a hands-on understanding of the ground realities, instead of making suggestions based on textbook knowledge or some research reports.
- V. K. Khanna (HBL)
1 comment:
I fully agree with you.You are right. The main fault lies with Government not taking decision on various offers of FDI,slackening in economic reforms,failure to curb expenditure resulting in high fiscal deficit leading to inflation,depreciation in Re and increase in money supply. Only if it is ensured that at least 50% of expenditure on various social sector schemes reach the intended beneficiaries, there would be miraculous change in contry,s economy.
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