The incompetent Government of India under Scandalous Prime Minister, Dr Manmohan Singh Locked in Policy & Governance Paralysis displeased the Foreign Investors who are on a Selling Spree in Indian Debt & Equity over the last 2 Months has led to the sharp Fall in Indian Rupee. The RBI which is at loggerheads with the Finance Ministry over Monetary Policies took Drastic Measure to suck all excess Liquidity to stabilize the Indian Rupee has been in Vain as neither the Rupee halted its decline nor the Inflation came under control. All this has led to the Punishment of Citizens and Businesses operating under the ambit of RBI and Tax Authorities while the Goons & Thugs(Politicians) operating in the Black Money sectors of Gold, Silver and Real Estate are largely untouched by the impotent measures of the authorities.
How does Policy Paralysis of Govt & RBI Actions Affect Indian Banks ?
The recent liquidity tightening measures by RBI (more…)