Is it correct for union govt. to give so many releifs at the time of general election, what they were doing for last 5 yrs?
It will be very difficult for any political party to control financial crisis even by Congress Party ,if they come to power after election. As a matter of fact before going for election and during last five years, Congress party has spoiled the economy and now global meltdown has added fuel to fire.
Waiver of agricultural loan amounting to 75000 crores directly and its indirect impact on recovery culture has spoiled the health of banking completely. As a result banking is almost dead and even after providing 2000 crore worth capital, many banks are on ventilator.RBI released 200000 crores of rupees by cutting CRR, SLR and repo rate , still banks are said to be in acute crisis and this is why their stock prices are going down day after day only because money lent by banks are not coming back as per schedule.
Government accepted six pay commission reports and raised the salary of most of the depar ...more