Manjil babu, well said that this is for poors to buy their bread and butter if the rate of interest has increased and RBI has done that with consent of government and cabinet ministers. Tell me this
What is the effect of increasing the interest rates? has inflation gone down, it's still hovering at 6.5% from last 2-3 months when interest rates were low comparitively.
Government is inefficient in controlling prices which doesn't mean that they everytime increase rates of interest and think that inflation will come down.
Your GDP logic is not acceptable as China is growing faster than us but they don't have these issues there, why???
Kamalnath is involved in the scam for SEZ's and increase in prices of pulses and necessary things, can you control that as well by increasing rate of interest?
