Interest Rates and Timing

The Reserve Bank of India and the Finance Minister seems to buck the Chair and go underneath whenever someone asks when the Interest rates on Home Loans are going to be lowered or whenever there is crisis in Markets, there is no visibility neither cheer and the clear cut policies just as the BAILOUT did in USA.

The current Rates which are the most exorbitant in the World despite the fact we Indians are paying taxes to 30% HIGH BRACKET the dodging of TAX payments by high networth individuals, NRIs, Ministers , Government officials is a Carrying Coal to Newcstle .

I am deeply annoyed the way the FM and RBI reacts and acts whenever there is any crisis in Stock Markets, Money market situation as they seem to be clueless on whats going on globally and whats the Plan and Policy. The fact is the public are takenn for big ride without clear cut Agenda, timeframe, Lessons learnt, What nenxt and where is the Plug going to be applied.

We continue to beat our drums with Inflation numbers, manufacturing nos which are dismal and the IIP Nos which are not good.

I hope the FM and RBI as well as the Economists show a greater interest in the welfare of the Common Man and also the intellectual Public who are at a loss becoz of wrong policies and idiosyncracies.

HOPE IS WHAT IS KEEPING MARKETS ALIVE AND LETS HOPE FIN MIN & RBI does what people want them to do .

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