Savings Deposit rates are finally de-regulated. Whatever makes the common man excited to see full-page ads announcing 6% rate of interest- Beware! This is the season of peaking interest rates. There will also now come a time when your savings rate will slip below 4% - to as low as 1% or 1.5%! In one stroke, RBI has made savings rate an effective tool of monetary policy. Had RBI done this when inflation and interest rates are plummeting, nobody would have noticed. Perfect illusions of the mind! I think whats coming next are - small savings deposit rate freeing and diesel price deregulation.
Subscribe to:
Post Comments (Atom)
"Jailor" (Telugu/Tamil) Movie Review: Electrifying!
"Jailer" is an electrifying entertainer in commercial format by Nelson who always builds a complex web of crime and police...
-
“Midhunam” (Telugu) is a much-awaited film for the art-loving Telugu crowds who love clean, good cinema. “Midhunam” means “couple” in Telug...
-
Will this be one of your friend's obituary? "R.I.P.Lipa Bajaptin. Lipa had had 3179 friends on FB (including 8 family members whic...
-
One of the many, many books written by the legendary Shakuntala Devi. I have a good collection of her books - including those gifted by my ...
No comments:
Post a Comment