Letters to the editor
This refers to the editorial “Will RBI do its bit?” (FE, October 30). The dire, uncertain condition of the Indian economy has been perfectly mirrored in the RBI’s quarterly survey. This editorial and the front page story “SBI capex loan crash mirrors investment strike at India Inc” told us the facts. Inflation will likely remain on a sticky path. Fiscal cliff of the US might reduce the growth rate of the developing world, including India. It’s good the current government seems on a reform path. Let’s hope that further dose of economic reforms will accelerate our economic growth.
BYK College of Commerce, Nashik
By re-electing Obama, the Americans have proved to the world that their decision to first elect him as the country’s first black President in 2008 was not a mistake. They have affirmed their faith in Obama as the one who can bring about the change the country needs. Obama, too, should not let his fellow Americans, and the world at large, down. We now wish to see Obama at his best during his second coming.
Tharcius S Fernando
RBI, in its review of the monetary policy, has once again preferred not to tinker with the key policy rates but has reduced the cash reserve ratio by further 25 basis points to 4.25% to infuse more liquidity into the banking system and make banks comfortable to operate. To that extent, the banks will be left with more lendable funds and earn interest thereto. There is, however, a
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