RBI Watch

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...........

UPA Does A Bill Clinton,Copies Gramm-Leach-Billy Act!

   The news,that Banks,in India will soon be mandated to become BROKERS,is doing a Bill Clinton,who repealed the Glass-Steagall Act,introducing the Financial Services "Modernization" Act,of 1999, with deadly consequence to both Global banking and Finance.After this the Global Finance has been shaken by ,many scams.
  The UPA's arrogance and utter disregard for India is not surprising,but dangerous and treacherous.
   RBI's is forcing Indian Banks to trade in IRFs, despite the Derivatives loss of Rs 25 lakh Crores by India Inc in 2007/8.the concerned Banks were let off with petty fines.
  Cobrapost sting operation exposed the Indian Banks,both private and Public.Nothing major has happened except some employees being suspended in some private Banks.
   Chidambaram has,okayed,IRFs and Derivatives,in the Interim Budget,2014/2015.
   These are all dangerous,as Indian Banks are very weak with huge NPA's   
    What all these mean,is this:-
The international bankers have taken over India and rule over her,as of now. 
Will be updated........