A Comment on the Tussle Between Government and Reserve Bank of India

My Comment on the ongoing rift between the co-ordination of the approaches being followed by RBI and the Government. 


"The Government and the Central Bank need to keep aside their differences and work for the betterment of the country's economy.

No one is superior or inferior to the other. 

Both are just like the two wheels of the same vehicle. If one goes astray, the whole vehicle will collapse. 

So, do not indulge in actions that may collapse our economy."

Government of India and Reserve Bank of India - Stop Printing More Currency

Here is one more blunder being committed by our Government and RBI.

 See this Headlines in the times0findia.com article Dated 06/05/2018.
"500 Rupee notes worth Rs.3000 crore printed daily..."

This is my comment:-

"So, our Finance Minister and RBI want to increase inflation by going on printing the notes.

Why not callback all those 2000 notes, if you want to induct smaller denomination notes?"

Why don't the administration refrain from printing notes like this?

They canvassed for Cashless Transactions while introducing the denomination of Big Currencies only a year back. Now, they are afraid of voters and doing all these irrational things to gain their votes in the ensuing elections. Probably they want cash for their own self-interest also.

But, they are not worried about the bad consequences of going on increasing cash in the hands of people which can lead to corruption and unsocial activities.

A Comment About Empowering RBI to Deal with PNB Fraud

My Comment on an article titled "PNB fraud: Time to take a big stick to these Clouseau Bankers in India" published in the economictimes.com Dated 22/03/2018. 

"True. The RBI should be more empowered to deal with corruption and inaction in the banking sector, whether national or private. 

The RBI governor should be given full powers to crack down upon them and punish them."

Here the word 'Clouseau' refers to a person or body making mistakes without realizing it or with no intention to rectify those mistakes.

So, the in-charge of RBI should be more empowered and smart enough to bring such erring beings into commitment and hold responsibility for their acts.

A Comment about criticism of Modi's demonetization step

My Comment on an article "Where are the fake notes? Even RBI doesn't know" published in the economictimes.com Dated 25/01/2017.


"I don't understand why people argue like this and criticize any good moves taken. What is the use of unnecessary criticism? Modi government might have used some excuse (which they probably suspected, if not cent percent accurate). It could be one of the many other probable causes for demonetization.

You should at least realize some benefit from the action of demonetization step taken by our PM. Search for the plus points of it and not for the minus points.

But, I am worried now that they are easing the position by releasing more money into the market. It is not good for any economy to circulate more money in hard cash.

We should switch over to a cashless society for our own benefits. At least you will think twice before anything using your card or e-wallet and thereby contribute to the growth." 

A Comment on increase in limits of cash draws by RBI

My Comment on an article "RBI raises ATM withdrawal limit to Rs.10,000 per day from current Rs.4,500" published in the economictimes.com Dated 17/01/2017.

"I think Rs.10,000 is enough for total cash transactions in a month. 

If you are allowing Rs.24,000 per week it is weird. It could be Rs.24,000 per a whole month at the best. 

We want digitalization and then allowing excessive cash outflow is not a good step. Our government or RBI shouldn't increase any more extra limits for cash draws either from ATM or from the banks for normal transactions. 

Only small traders can be allowed to draw more cash to disburse wages. Not otherwise." 

Read more at this article on Economictimes.com

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 economic.com 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." 

A Comment on rate cuts and economy

My Comment on an article " Market indecisive? Top eight sectors where you can scour for value bets" published in the economictimes.com Dated 01/10/2015


"To speak the truth, there is really no honey in this money play. 

Rate cuts are only elusive when think about the way inflation has been growing each year. The real inflation pictures are not depicted in the charts. 

Our common man can know better what all this means. The growth in income by way of returns for produce or through salaries or wages is nominal when compared to real inflation in cost of living. So the consumer actually receives no benefit as he has to pay always extra from his pockets."

A Comment on RBI cutting the repo rate by 50 base points

MY Comment on an article "RBI provides booster shot to economy, cuts repo rate by 50 basis points" published in the economictimes.com Dated 01/10/2015 at 4:48 pm. 

"The benefits of this rate cut should be passed on to the customers by the intermediary banks and institutions that get facilitated in their transactions from the Central Bank (RBI). 

Then only can there be any of that positive influence on economy."

A Comment on reports that Inflation is at multi-year lows

My Comment on an article "Inflation at multi-year lows but RBI's Rajan didn't cut rates" published in the economictimes.com Dated 02/12/2014 at 3:20 pm.


"It is silly to say inflation has reduced. Where is the decrease in food grains, pulses and dairy products? 

Short period reduction in vegetables and fuel prices can't be termed as decrease in inflation. 

Real fall in inflation should result in decreased food cost, rents and transportation, etc. Then only can you tag it as fall in inflation."

A Comment on RBI Governor not cutting rates

	Your comment on the article ''RBI keeps interest rate unchanged, maintains status quo'' is now displayed on timesofindia.com Dated 2/12/2014 at 1:30 pm.
	''Very wise decision by RBI Governor. He is bold enough to tackle the situation without bowing to rate cuts and controls. He wants the open markets and government policies to control the situations rather than adapting to rate cuts.''
	Thanks for sharing your thoughts.
	Regards,
	Team TOI

A Comment on maintenance of weaker rupee

My Comment on an article "Open letter to RBI's Raghuram Rajan: Dear Governor,Let the rupee fall to 65" published in the Economic Times dated 12/06/2014 at 5:14 pm.                                                                                                                                                                                                         "A good representation to be seriously thought upon by all economists and RBI-Raghu Rajan. 

But weakening the rupee should be got associated with curbing imports. There should be restrictions on imports. 

If we go on depending on imports, there is no use in maintaining a weak rupee."

A Comment on easing of Gold import curbs by RBI

My Comment on an article "RBI eases gold import curbs to boost exports" published in the Economic Times Dated 21/05/2014 at 10:30 pm.


"It is good to allow imports to certain extent as it is essential for international trade. 

But the imported metal should not lead to negative balance of payments position. 

The gold should be used for a sound economic background."

A Comment on RBI maintaining/ controlling Rupee value

My Comment on an article "RBI may buy more Dollars to prevent major rise of Rupee" published in the Economic Times Dated 15/05/2014 at 1:10 pm.


"Good work being done by RBI to maintain rupee value. 

But is it the fair value of Rupee to be at 60 for Dollar? 

If inflation and circumstances pushed down Rupee, the same reasons should affect value of Dollar also. Two decades ago it was 50-52 per Dollar and the same ratio should be maintained now also as per my opinion."

A Comment on maintaining status quo by RBI Governor

MY Comment on an article "How Raghuram Rajan could have spoilt pre-election rally on D-street" published in the Economic Times Dated 01/04/2014 at 10:20 pm. 


"Great decision by Raghuram Rajan. 

Maintaining status quo is a good step. It will definitely control inflation and market activities. 

We must wait and see what happens in the period upto 31st June. Both election effects and fund inflow or outflow needs to be watched carefully during this period. Then only any rate revisions can be considered."

A Comment on RBI targets core inflation by hiking Rates

My Comment on an article "RBI is targeting core inflation by hiking rates: Nand Kumar Surti, JPMorgan AMC"
published in the Economic Times dated 31/01/2014 at 10:45 pm.


"How can we predict at better results for CPI on the base of current food prices?

Is it mere vegetable prices that decide CPI index?

Main food grains like rice, wheat and pulses, vegetable oils, etc. are far reachable to common man. Unless these prices are brought down, the economy is not in a good position from common man's point of view. So much is to be done by our policy makers to bring position under control."

A Comment on whether RBI will be lucky in its policy changes

My Comment on an article " Changes in monetary policy framework: will RBI be lucky this time?" published in the Economic Times Dated 23/01/2014 at 3:26 pm.


"It is not whether RBI will be lucky? 

Rather it is important whether we Indians are lucky to have a good, stable economic condition with things under control. 

If this can happen by some miracle, we people will be the most lucky and then we can give credit to RBI and governments."

A Comment on withdrawing old currency notes issued before 2005

 My Comment on an article "Currency notes issued before 2005 to be withdrawn post March 31: RBI" published in the Economic Times dated 22/01/2014 at 10:40 pm.


"Very good move. 

Old notes are getting soiled and tearing in many cases. It is good to remove them from circulation. 
Further as stated, it will greatly help curbing black money in circulation. A very prudent decision taken by RBI."

A Comment on investing in Inflation Index Bonds

My Comment on an article "RBI extends date of issue of inflation index Bonds to 31st March" published in the Economic Times dated 30/12/2013 at 11:50 pm.



"These bonds may be good to invest for common man and middle income people but interest earned should be tax free to gain popularity."

A Comment on grading of Banks to foster services

My Comment on an article titled "Soon Banks will be graded- good, bad or ugly by a new regulator" published in the Economic Times dated 25/12/2013 at 2:05 pm.


A very good step being taken by RBI. 

Now customers can differentiate between Banks and their services in a better way by referring to the grades issued to the banks. 

Banks will from now on try to be efficient and offer better treatment to customers to retain them or to attract fresh customers.

A Comment on RBI leaving key rates unchanged

	Your comment on the article ''RBI governor Rajan surprises everyone yet again, leaves key rates unchanged'' is now displayed on timesofindia.com Dated 18/12/2013 at 12:55 pm.
	''It's a kind of maintaining status quo in the present environment of pre-election period. I think Mr.Raghu Raman wants to observe the impact of election results before doing anything. But it may provide large funds available for political parties as more funds be available in the hands of public or market at prevailing interest rates. Anyway, let us watch what happens.''
	Thanks for sharing your thoughts.
	Regards,
	Team TOI