Rohan Bhasin

In reference to the Edit, 'If It Looks Like a Duck... ' by Omkar Goswami ( Aug 8 ),the government has to take measures to turnaround the stagnating economy. These measures should include the reduction of cash reserve ratios from 4% to 3.5% and statutory liquidity ratios from 18.75% to 17.5%. Also, provision of working capital to businesses cannot be improved if the massive overhang of Non-performing loan Assets is still prevalent. Pragmatic policies from the RBI and the Government have to be earmarked if the economy wants to be revived.  

Apropos the News Report Taking Industry Inputs to Stoke Growth: FM ' ( Aug 6 ) of the Economic Times, the Financial Ministry elucidated that various inputs from leaders in "core" industries such as Auto, MSME's and Real Estate would be taken into consideration when drafting policies to counter economic slowdown. Integrating fiscal policy and industrial opinion is yet another addition to Sitharaman's blueprint. However. These industries have posed numbers which prove to be catastrophic for FPI's looking to expand trade with the Indian sectors. Regaining the trust of significant FPI's would be elemental for FM's new " leaned towards the private sector " outlook. However, the FM must keep in mind the deteriorating domestic investments in these fields considering the current market behaviour. With the Rupee taking the biggest hit in the last 6 years against the dollar, outside nations can take advantage by stabilising their monetary values b...