Our pundits at the North Block are scared.
by chanakya maurya on Apr 07, 2007 03:48 PM Permalink | Hide replies

Scared of inflation.

So really it is the North Block and not the RBI who is behind the move !

A mid-term poll cannot even be considered if the inflation is ruling the roost.

Raising of the rate would seem to be more a political approach rather than a fiscal one.

Had the safed topi and the remainder of the gang had just assumed power, they would have hardly cared a damned for the inflation.

BTW, RBI is just a pattawalla of the North Block.

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RE:Our pundits at the North Block are scared.
by G S on Apr 07, 2007 04:16 PM Permalink
Inflation can be control when you able to control pulses prices not the interest rate.I thought we are now going in a wrong direction. Economy is doing well but bcoz of this politicians it may take "U" turn very soon. Like sugar sector,cement sector,banking sector,real estate sector,automobile sector, list is very long those will effected from this rate hike.

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