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Mumbai: wealth management firm, stock broker & author, says, “We were moving to the tunes of the terrorists, now we will move to the tunes of the politicians.”
Another section of the markets reckons that things could have been better. “We have faith in Chidambaram and Singh as well. However, will they have the bandwidth to handle these challenges is a concern.” says a senior executive with a banking firm. The time now is to carefully monitor the monetary policy and inflows. Therefore, it will require the finance minister to closely interact with the central bank. So, it would have been better if Ragarajan was made the finance minister, he said.
Fund managers also see this as a positive move. Waqar Naqvi of Tauras MF said, “Manmohan Singh is a good economist and he has senior economists like Ahuluwalia with him to look after the finance ministry”....
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