IN THIS WAY... ONLY RICH CAN BECOME RICH AND POOR CAN BECOME POORER. BECUASE POOR PEOPLE CAN NOT AFFORD TO TAKE LOANS AND BUY STUFFS ANYMORE. WHEN INTERST RATES DROPPING ALL OTHER COUNTRIES, IN INDIA ITS BLOODY RISING DAY-BY-DAY.... THANKS TO CHIDAMBARAM AND RBI... THESE POLITICAL AGENTS ARE MAKING LIFE MISERABLE FOR THE COMMON MAN. PLEASE BRING BACK THE INTEREST RATES TO 7.30% ELSE YOU WILL LOSE OUT IN THE NEXT ELECTIONS. YOU NEVER KNOW, SOME DICTATOR WILL EMERGE IN THIS COUNTRY AND TAKEOVER THE ENTIRE PROPERTIES OF THESE CORRUPT POLITICANS, WHICH WILL BE CONVERTED IN TO PUBLIC PROPERTY...ANYTHING IS POSSIBLE...
Change of credit policy hit the common man always than the rich. Whoever has taken housing loans for 7% or near are forced to pay interest to the tune of 11% which is a shocker. Either their emi will increase 20% or the loan period will increase by 20%. Is that we call economic stability? May be for the economiists, but not for the common man of our country
RE:Not good for the common man
by a sreedhar on Apr 07, 2007 03:47 PM Permalink
I fully agree with you; these economists are not born from middle class to know the impact. The decisions made in airconditioned rooms do not care for the people on streets. Other wise how can any body justify more than 4% increase in interest rates in just a span of 15 months?
RE:RBI has done a good job
by Praveen Meti Reddy on Apr 07, 2007 03:36 PM Permalink
Reading your answer I feel that you are most qualified please could you elobrate in detail how its justified
home loans have really gone up drastically based upon the hike of RBI now and this is really affecting a normal person who dreams of building a home by availing a home loan now the hike has really blastered his dreams into pieces as he doesnt stand any where for applying for a home loan? Has RBI thought on this issue? they are just hiking the rate of interest only to control the cash flow to bankers and control the real estate costs.
RBI Should really cut down the rate of interest (CRR and PLR)
Bhaiya T N Ninan, Mr. Manmohan Singh ka degre janta hai. kya P Chiddambram ka degree janta hai, kya montek singh ka degree janga hai, kya C. rangrajan ka degree janta hai, Ye mahan economist desh ko pahar par pahuchana chahta hai. Ye log mahan economist hai, Ye Aam Janata Ke pare hain
RE:Mr. Manmohan Singh
by Duke Kuko on Apr 07, 2007 03:38 PM Permalink
Agar aam aadmi ne makaan ka sapna dekh lia hai to kya galat kia. kyon aam aadmi ke lia interest rate 50% se jayada badaya. kya whoh jindgi bhar makaan ke lia pista rahega aur apne bachhon par karz shod jaayega. Then what is the benefit of such Highly qualified International ECONOMISTS?
RE:Mr. Manmohan Singh
by feroj khan on Apr 07, 2007 04:01 PM Permalink
Chup ho ja beta, mat ro or dus ro ko bhi mat rula. Kabhi kabhi har boorai ke peeche acha bhi hota hai, if the interest has increased, the property rates have slowly declined. Take it from me that a Rs20 lacs property will be available in Rs13/14 lacs if interest rate is hiked further or again. So prey that let the interest rate be further hiked by RBI
