It is time that all of us – forecasters, analysts, and especially policy makers – were held accountable for our pronouncements, especially those containing a heavy dose of ideology.
The Opposition knows that the Congress and RBI led monetarist battle against food and energy inflation is foolish – it hurts economic growth, and the chances of a Congress win.
The amount of loans to small and marginal farmers that commercial banks, cooperatives and regional rural banks have been asked to waive is likely to be slightly over Rs 23,000 crore
From its peak reached just a few weeks ago, the Indian stock market is down more than 12 percent. This is in keeping with the trend in markets around the world, with most showing declines between 10 and 15 percent.
To prevent another crisis, and to help the common investor rather than fat-cat institutions, SEBI must change the ugly and inane risk system it has adopted.
How long before the Indian intellectuals, leaders, and policy makers are held accountable for their judgments and discourse on important matters of public policy?
