omagaziya

Thursday, April 12, 2007

Indian Speed Bumpers

Speed Breakers in India are planned in a way to punish people who drive fast rather than as a warning for them to slow down. We won't find any signs of a speed breaker untill we are bumped off by them.

Same is the case with RBI rising the CRR. Though it was not completely unexpected, the recent hike has surprised many. A warning sign of interest rate hike would itself have slowdown inflation without toppling the growth rate.

A long term plan on interest rates announced well before would really help SMEs, in fact, everyone to plan better.

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