Round up ..................
CRR reduced by 1.5 base points. It will inject liquidity into the system, alright. But what does it do to the inflationary pressure? Government increased the CRR and Repo rate drastically a couple of months back to contain inflation. The inflation situation has not changed much. Then, going by the logic Government used sometime back, the current revision should put pressure on inflationary tendencies.
I thought the whole idea of having stock market was to allow the market dynamics to act on the equity market. Government did not take any steps when FII's converted the Stock market to a Casino a few months through undesirable short term investments. Everyone knew the stock markets were over heated. That was the time for Government to intervene, protect the small shareholders by putting a cap on FII gambling. But instead the Government basked in reflected glory, claiming that SENSEX at 20000 was indicative of the success of reforms bla bla bla......... Now? When the sensex came crashing down to 11000, mainly due to panic selling by FIIs, Government stepped in to artificially boost the SENSEX. For whom does the bells toll? It definitely doesn't toll for you and me, the common man.
A month has passed since the last round of terrorist bombings...............and nothing has happened. It is almost as if the Government knew that people are so indifferent so as to forget all these terrorist acts in a couple of days. The incompetent nincompoop of a Home Minister still continues facilitating the next terrorist attack.
Test Match 1 over........... It is sad to see the decline of 1) the team that was winning everything in its way for a decade. Australia is in a situation where India was a while ago. They just do not seem to have the bowling firepower to take 20 wickets; 2) India's much vaunted middle order not dominating anymore along with the visible decline of Anil Kumble. What should have been a fight between 2 strong teams going hammer and tongs to win is turning out to be a damp squib, with both afraid to lose.
