1.India's Central Bank,the RBI ,under Raghuram Rajan,has proposed,Inflation targeting,like the US Federal Reserve.
But in the Urjit Patel Panel Report, "Market Pricing" is also surreptitiously,included,though nobody is talking about it due to its unpopularity,and the loss the nation,would suffer,due to it.
An excerpt from the link above:-
"The panel also suggests that the government must bring down the fiscal gap down to 3 percent by FY17. Further, it says that administered setting of prices, wages and interest rate should be moved away from and everything should be market
determined."
This has to be approved by the Indian Parliament.
RBI's mandate, should be a strong Indian Rupee,as the Inflation figures,touted out are fake.Actual average,Inflation in India,now is 50% from 2008,due to massive printing of money. That is Hyper-Inflation for you.
Hence Inflation targeting is a fraud.
A weak Currency can bankrupt a Nation.
The idea,may to tout out low Inflation figures,and reduce interest rates.ECB is even proposing NEGATIVE interest rates!!!
Is RBI aiming the same?
2.It has also recommended IRF[interest rate futures] despite the LIBOR fixing scandal.
It has demanded that India's reluctant, PSU Banks trade in these.That is,DICTATORSHIP.
Raghuram Rajan[RBI] and Chidambaram Finance Minister,back off from a dangerous,plan of joining Bond Indices,which would have meant giving up the Nation' Sovereignty..Capital Controls are needed for a nation to survive and to maintain her Sovereignty.
Will be updated...........
But in the Urjit Patel Panel Report, "Market Pricing" is also surreptitiously,included,though nobody is talking about it due to its unpopularity,and the loss the nation,would suffer,due to it.
An excerpt from the link above:-
"The panel also suggests that the government must bring down the fiscal gap down to 3 percent by FY17. Further, it says that administered setting of prices, wages and interest rate should be moved away from and everything should be market
determined."
RBI's mandate, should be a strong Indian Rupee,as the Inflation figures,touted out are fake.Actual average,Inflation in India,now is 50% from 2008,due to massive printing of money. That is Hyper-Inflation for you.
Hence Inflation targeting is a fraud.
A weak Currency can bankrupt a Nation.
The idea,may to tout out low Inflation figures,and reduce interest rates.ECB is even proposing NEGATIVE interest rates!!!
Is RBI aiming the same?
2.It has also recommended IRF[interest rate futures] despite the LIBOR fixing scandal.
It has demanded that India's reluctant, PSU Banks trade in these.That is,DICTATORSHIP.
Raghuram Rajan[RBI] and Chidambaram Finance Minister,back off from a dangerous,plan of joining Bond Indices,which would have meant giving up the Nation' Sovereignty..Capital Controls are needed for a nation to survive and to maintain her Sovereignty.
Will be updated...........
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