![]() Financial Daily from THE HINDU group of publications Wednesday, October 30, 2002 |
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OPINION EDITORIAL Creditable Policy DESPITE THE RBI Governor, Dr Bimal Jalan's known aversion to making a spectacle of the Mid-term Credit Policy, he has marked down the Bank Rate , the repo rate and the Cash Reserve Ratio to rustle up support for some sure signs of economic ... More CREDIT POLICY
Mid-Term Review of Monetary and Credit Policy Caution and flexibilityWhile the Credit Policy's small cuts in the bank rate and the CRR might nudge private sector profits upwards, it is unlikely they will be reflected in any expansion in real investment. An important reason for the sharp drop in investment levels is th e walking out of the public sector from the domain of long-term investment. Without ongoing long-term investments, the scope for private sector short- and medium-term investments is limited, argues P. R. Brahmananda. More
A commendable progress report
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