Dear FM you may be right politically when we speak about commies but you are equally responsible for this. to fight inflation you have increased interest rates several times thus hindering industrial and economic growth. present inflation is a supply side problem and not related to money supply. you are only tightening money supply with no control on hoarding, foodgrain availability, retail price hike. in fact in the UPA govt yourself anf Governor of RBI are two culprits for price hike and inflation. in fact if govt is saved today a big loss at hustings is awaiting you and your party in the next election. I propose that after todays win or loss you re study finance at some local MBA institute and detrain yourself of Harvard.
RE:you may be right FM but you are also responsible
by Sukumar Samajpati on Jul 22, 2008 02:26 PM Permalink
Is Chidambaram is responsible for inflation in Vietnum, Indonesia, Europe, US and rest of world. Is he controlling the oil price ?
Mr. Lalit Kedia, if you don't know why the prices are going up, you must follow CNBC or other Busines Channels. Don't blame govt for inflation.
Today RBI has 215 bil $ foreign reserve, It will touch 1 trillion by 2020 if we sign Nuclear Deal, and CPM gets money from Chinese govt to stop this growth.
RE:you may be right FM but you are also responsible
by pradeep m on Jul 22, 2008 02:52 PM Permalink
ok u mean to say we should depend on this forgin reserve for our future..... u slave........... then why do we need independence it economy is more important........ we will sell india to US,UK or any developed nations.......
