Problem is with govt policies. Govt. did not interfere when they decreased the rates in 2004-2005. It's all is in haphazard way. At time of decrease itself, Govt. should have stopped Bank until unless the rate is sustaiable at longterm. Banks attracted customer at that lower rate knowing that it will increase in shortterm. And Govt. does not mind that. And who suffer in the end... we! We should raise a voice against this.. I gues, somebody whould come forward.
RE:Government Policies!
by Karan Hi on Apr 09, 2007 01:36 PM Permalink
Blame it on Chidambram and Beloved SoniaJi.
There was simply no need for intrest rate hike. Economy was doing wonderfully well.
They are hiking the same to look after thier constituency. ( poor people ) Who they would love to keep them poor and illeterate as they are there only vote banks. They are happy with dal and rice prices remaing the same.
