Read a msg calling Manmohan,P.C., and Montek Eco.geniuses. They sure are ,but from the point of view of Banks & Big Corporates. Have anybody ever seen these geniuses interacting with normal middle class Aam Admi's. They are always seen in the company of the big bankers and industrialists. Can't blame them ,cause all that they are hearing are accolades from people who are benifitting form the current"bleeding-off" of the middle class. It is Ns. Gandhi who should ask these jokers to get out of their "Ostrich" stance and ensure that something is done immediately to bring down the interest rates on housing loans as that is the only security that the Aam admi works for throughout their lifetime.
RE:Economic Geniuses
by Mohammed on Apr 10, 2007 11:44 AM Permalink
So what do you want.A poor farmer to be nominated as prime minister, another one as finance minister and another one as planning commission chief.
He is already a consultant with the govt. No matter how much money he has made cheating us, he managed 17.5 lakhs and even made money from his property by selling it. Great brains, Lallu style. The govt thrives because of such people ..
RE:Economic Geniuses
by nitin on Apr 09, 2007 01:11 PM Permalink
Dear friend i'm a consultant, im very much with the govt. in this issue..when the interest rates is lower people want to take maximum loan from the bank..then dont even bother abt the policies and they took loan equal to there monthly salary..(as per the RBI policy max 50% of the monthly salary is permissible)and if we regreat to do so they go to other bank and that way they manuplate with the bank... and when the rates goes high they went in to problem. the other thing is that you are asking govt. abt the rate increase but you forgot to take into account the prizes of the properties.. i have take a banglow 2 years back in banglore.. last week i have take its possession.. when i took it cost me 17.5 lac. and today it costs 52 lac. so in 2 years with higher rates i paid nearly 4 lac to bank and today if i repay loan i can get more than 35lac. with me sO WHY DONT WE BLAME UPA GOVT FOR THE RATE HIKE IN property market.
