Please spare the salaried class. No repo cut needed. The growth we have right now is sufficient. Focus on high inflation and worsening currency. It's not like high growth led to high employment in the past. Only the senior management and stakeholders of companies are benefitting from rate cuts, no significant new employment is being generated. At the end of the day salaried employees are suffering from low salaries, high taxes and now low interest rates too!? No savings, low interest rates, high taxes means low deposit growth isn't it? We also have a credit excess problem in this country, more rate cuts mean more unsecured/bad loans will be given by the greedy banks, CRR relaxation is sufficient in my opinion.
I told you yesterday that RBI will cut policy rate, CRR and SLR so that Rupee falls against the US dollar. FIIs will bring in fresh money for investment only when they get a gainful exchange rate.
Lovely how the people at the top discussing issues never point the obvious out. Inflation is high because prices are kept high artificially for the citizens, on top of the debilitating GST's. Oil prices globally are at historic lows and yet the conusumer is still paying the same high price from the past. Insane. Only when the fat state stops sucking up the resources from the average person will we get to lower inflation.
You don’t want to mention anything about high GST and petrol prices
Please spare the salaried class. No repo cut needed. The growth we have right now is sufficient. Focus on high inflation and worsening currency. It's not like high growth led to high employment in the past. Only the senior management and stakeholders of companies are benefitting from rate cuts, no significant new employment is being generated. At the end of the day salaried employees are suffering from low salaries, high taxes and now low interest rates too!? No savings, low interest rates, high taxes means low deposit growth isn't it? We also have a credit excess problem in this country, more rate cuts mean more unsecured/bad loans will be given by the greedy banks, CRR relaxation is sufficient in my opinion.
I told you yesterday that RBI will cut policy rate, CRR and SLR so that Rupee falls against the US dollar. FIIs will bring in fresh money for investment only when they get a gainful exchange rate.
The exchange rate we have now is not enough? Don't forget that India is an import dependent nation. Weak currency will kill us.
but the main question should be here is " who are you "
CRR cut will cause disaster for inflation
Lovely how the people at the top discussing issues never point the obvious out. Inflation is high because prices are kept high artificially for the citizens, on top of the debilitating GST's. Oil prices globally are at historic lows and yet the conusumer is still paying the same high price from the past. Insane. Only when the fat state stops sucking up the resources from the average person will we get to lower inflation.
Petrol prices directly contributed to high food prices
Damn Sherlock