Sunday, 24 July 2016

A Comment on PV Narasimha Rao's contribution to Indian economy

My Comment on an article "25 years of reforms: How a PM with zero knowledge of economics scripted India's biggest turnaround story" published in the Dated 23/06/2016 at 4:30 pm.

"This article is a worthy tribute to that great personality, Mr.P.V.Narasimha Rao who, as a PM during the year 1991, kickstarted liberalization of Indian economic policy which laid the path for growth of our economy with reforms. 

He was a veteran congressman and had much insight, even though not of economic background. He acted swiftly with the help of Manmohan Singh, the then FM, to save the Indian economy from its worst situation during his tenure."

Tuesday, 12 July 2016

A Comment on Indian youth preferring RBI, SBI bank jobs over Facebook or Microsoft

My Comment on an article "India's youth prefer RBI, SBI over Facebook, Microsoft" published in the Dated 11/07/2016 at 4:40 pm.

"I admit that working in a Bank is considered as a pride and a good social status for the people. 

Even though they work extra hours, they get good pay and allowances and many benefits. 

Only thing is they get deprived of enjoying a good family life at some occasions." 

Monday, 11 July 2016

A Comment on FM lamenting at higher interest rates provided by Banks on savings schemes

My Comment on an article "Finance Minister Arun Jaitley questions high-interest rates on savings" published in the Dated 10/07/2016 at 12:50 pm.

"There is no doubt that progress of our economy as a whole is more important. 

But lending should consider it a top priority to provide assistance to small businesses and middle class/ poorer sections of the economy at reasonable rates. 

Other institutions and industries earning huge profits can be charged at higher interest rates. You can procure funds through these means and through the proper collection of Taxes that are being evaded by many people."
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