Saturday, 22 August 2015

A Comment on an accusation of RBI governor Raghuram Rajan's policy by critics

My Comment on an article "Biggest threat to Modi govt's "achche din" is RBI governor Raghuram Rajan" published in the Dated 21/08/2015 at 10:40 pm.  

"I do not agree with this author's endorsement for a 50bps rate cut nor accept the charges levelled by him on Raghuram Rajan. 

Just like he is terming Rajan as hawkish and ill informed about realities, we can term this writer also as partial in his outlook and biased in his views. 

I don't think, a rate cut will solve the problem. Rate cut can, on the other hand, lead to more funds in the hands of public and thereby inflation also. Simply implementing rate cut can't lower the burden on housing sector. Construction material should also be available at lower prices. 

Governments should impose more strict adherence for passing on of benefits of all social reforms to the common man instead of getting stuck up in the hands of middlemen." 

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