Friday, August 30, 2013

Live: PM Speaks On The State Of Economy

(7star news):-The passing of the Food Security Bill has sent out the signal that government is going with populism over prudence and at this moment elections will precede economy in priority

Good politics and good economics for long haven't been bed partners. In India we are trying to prove this incorrect. In an election year, the economy is on a nosedive, the policymakers (many of who are influenced by the centre) have no quick fix, and politically the current government wants to ensure they are in fifth gear with populist measures. The Food Bill at this stage is surely that.



If there is any reason why the rupee reverse rocketed from 65 to 69 today, it has to do with the Food Security Bill. The passing of this bill has sent out the signal that government is going with populism over prudence and that at this moment elections will precede economy in priority. The 1,24,000 cr bill is seen as one that will add more to our deficits, and is being considered a wrong move by investors in India at a time the nation should be worried about getting its house in order.
News From: http://www.7StarNews.com

No comments:

 
eXTReMe Tracker