RBI is also worried about growth. http://www.livemint.com/Money/whdZbswjfOD7mwO4eCC0xO/RBI-MPC-minutes-Worries-about-growth-increase.html …pic.twitter.com/rqjLWEDaxF
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RBI is also worried about growth. http://www.livemint.com/Money/whdZbswjfOD7mwO4eCC0xO/RBI-MPC-minutes-Worries-about-growth-increase.html …pic.twitter.com/rqjLWEDaxF
युग परिवर्तन Retweeted युग परिवर्तन
I still can't fathom why GoI had to push on GST like distortion to the economy right now when RBI can't help at allhttps://twitter.com/yugaparivartan/status/897710478188826628 …
युग परिवर्तन added,
Bad loans have wreaked havoc on bank balance sheets and they won't pass any benefits to borrowers on any rate cut.
So the monetary channel to keep economy running is shut. GST effectively curtailed informal economy. Double whammy at same time.
To screw it further, now GoI are coming up with minimum wage bill. It seems hopeless right now.http://www.livemint.com/Opinion/WgZM9HZxouo9qiByArRETP/Having-a-minimum-wage-law-is-a-mistake.html …
No surprise arvind panagriya resigned from niti aayog. Who in his right mind would bear the bureaucratic & Socialist mess created by GoI?
Is stagflation near? Economy not contracting, but below par growth bad for India. Return of UPA-2?http://www.livemint.com/Politics/0D65yJuvvyz1EwEwGztjiO/No-respite-for-RBI-as-inflation-seen-jumping-in-slowing-Indi.html …
Stagflation would be the result of preferred policies of the bleaters and wankers - "WAAH PRINT MORE MONEY"
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