I was reading Forbes magazine December '18 issue when I came across an interesting analysis of whats happening to the Indian corporate sector, banks and loans etc. It was very surprising to find being election year, how the present PM Narendra Modi, with poor knowledge on Indian economy, with his equally ignorant Finance Minister wanted to play around with the RBI funds. PM was finding it difficult to kickstart the economy with investments. He is interested in tapping the free reserves of cash with India's Central Bank, Reserve Bank of India.
But the fact is RBI has not given this cache of reserves it has with any body else, right from India; independence in 1947. Now would it like to give this excess amount to the tune of about 9 lakh crores to the Government to squander during this election year and get kicked out after elections for damaging the country and its economy like never before.
Click here for the Forbes Dec '18 issue article
The Indian PM Modi would now be painfully recollecting how carelessly he ridiculed, mocked, derided, taunted, made fun of and initiated attacks against the former Economist PM Dr Manmohan Singh. With not even one percent of economic knowledge of Dr MMS, Modi thought he could win by spreading lies.
But now Modi understands ruling a country like India is not just talking, it is not just boasting about your lam ideologies nor building Rs 3000 crore statues, it requires lot of intelligence and knowledge of the economy.
Will the next government coming up, Modi and his vicious gang of fascist ideologues, having already put papers, pull down Sardar Patel's statue or replace it with one of Mahatma Gandhi is another question making the rounds.
One aspect Modi conveniently forgot, which exposed his extreme communal upbringing and fascist, intolerant ideologies, was that Mohandas Karamchand Gandhi was the greatest son of Gujarat and India and not Sardar Patel. Patel did play a role but not to the extent of Mahatma Gandhi.
Modi, please do not try to rewrite India's history ..
George..
But the fact is RBI has not given this cache of reserves it has with any body else, right from India; independence in 1947. Now would it like to give this excess amount to the tune of about 9 lakh crores to the Government to squander during this election year and get kicked out after elections for damaging the country and its economy like never before.
Click here for the Forbes Dec '18 issue article
The Indian PM Modi would now be painfully recollecting how carelessly he ridiculed, mocked, derided, taunted, made fun of and initiated attacks against the former Economist PM Dr Manmohan Singh. With not even one percent of economic knowledge of Dr MMS, Modi thought he could win by spreading lies.But now Modi understands ruling a country like India is not just talking, it is not just boasting about your lam ideologies nor building Rs 3000 crore statues, it requires lot of intelligence and knowledge of the economy.
Will the next government coming up, Modi and his vicious gang of fascist ideologues, having already put papers, pull down Sardar Patel's statue or replace it with one of Mahatma Gandhi is another question making the rounds.
One aspect Modi conveniently forgot, which exposed his extreme communal upbringing and fascist, intolerant ideologies, was that Mohandas Karamchand Gandhi was the greatest son of Gujarat and India and not Sardar Patel. Patel did play a role but not to the extent of Mahatma Gandhi.
Modi, please do not try to rewrite India's history ..
George..
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