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Govt. needs to take serious actions to improve liquidity in India.

Monetizing gold is unlike to work out.
Opening 180 crore bank accounts has not raised the required amount of money.
Foreign investments are taking their time to come in and it is not fast enough.
Tourism is again a slow starter.

Under the circumstances, ensure cash in the hands of the middle class might be the way tot go. That and lower interest rates which will bring back a lot of money into the market.

They have just recently legislated gold monetization and we need to give it a time period to work out. The govt is not looking at mopping up all the gold in private households, just a fraction of it. This itself will have far reaching consequences.

Opening 180 million bank accounts was not about raising funds but about getting people into the banking system, financial inclusivity, cutting out leaks in subsidy/funds transfer, and such.

Foreign funds are an added bonus as and when they materialize, even without them we can do perfectly fine.

Mudra bank is an initiative in the right direction helping out budding entrepreneurs.

The govt will do what it must.
 
They have just recently legislated gold monetization and we need to give it a time period to work out. The govt is not looking at mopping up all the gold in private households, just a fraction of it. This itself will have far reaching consequences.

Opening 180 million bank accounts was not about raising funds but about getting people into the banking system, financial inclusivity, cutting out leaks in subsidy/funds transfer, and such.

Foreign funds are an added bonus as and when they materialize, even without them we can do perfectly fine.

Mudra bank is an initiative in the right direction helping out budding entrepreneurs.

The govt will do what it must.

But Still they should create pressure on RBI to reduce rates
 
But Still they should create pressure on RBI to reduce rates

They have been putting a lot of pressure on Rajan, he is resisting. There were 2 minor cuts in the base rate in the last few months, not nearly enough, but still it was due to the arm twisting the govt did.
 
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Actually Indian constitution did that too, till the time Indira Gandhi inserted the word "secularism" and left its meaning open for interpretation.

It is good that Nepal has defined "secularism' in clear terms. :tup:


  • Nepal's Constituent Assembly has said that it will remain a secular state
  • But it adds that secularism means protection of Sanatana Dharma
 
Actually Indian constitution did that too, till the time Indira Gandhi inserted the word "secularism" and left its meaning open for interpretation.

It is good that Nepal has defined "secularism' in clear terms. :tup:



  • Nepal's Constituent Assembly has said that it will remain a secular state
  • But it adds that secularism means protection of Sanatana Dharma

That is awesome. Now Pakistanis will start crying again.
 
Did anyone read RSS Chief's comment on reservation ? Is he trying to defeat BJP in Bihar ?
 
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