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 flexibility
While 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
The RBI Governor has assured us that during the second half of 2002-03, the overall aim of the monetary policy will be to provide adequate liquidity to meet credit growth and support investment demand in the country, while continuing a vigil on movem ents of the price level. More

The flawed thinking continues
THE RBI's mid-term credit policy statement for 2002-03 confirms two relatively less-discussed tendencies in the Indian economy. First, easy liquidity and lower nominal interest rates relative to the levels recorded through much of the early and ... More

LETTERS


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