tag:blogger.com,1999:blog-3162602858050711193.post238383915259993073..comments2023-08-17T19:49:59.752+05:30Comments on PLETHORA: Break the Path Dependent Ideas!!Surender Komerahttp://www.blogger.com/profile/01144672939566638597noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3162602858050711193.post-10417317219696725432008-11-01T20:44:00.000+05:302008-11-01T20:44:00.000+05:30Dude...To start with let me say, it was a nice blo...Dude...To start with let me say, it was a nice blog to read. Hats off to you for the effort. <BR/>But I gotto tell you it's not easy as you say. What if our economy was not affected by this "Slowdown" at all. Would you still say that banks should have cut the CRR, SLR and other rates by a huge margin in April 2007 when the sub prime crisis was unearthed? The RBI and SEBI could not and cannot predict the actual effect of the sub prime crisis on our economy in April 2007. <BR/>In Fact, Indian economy is boosted more by domestic demand (growth)and partially by foreign markets. The fundamentals are indeed strong. A testimony to this statement is the September results of Indian companies. Around 50% of the 700 companies which came out with their results, have reported a net profit growth of over 25%. Domestic demand is pushing it up. <BR/>But somehow or the other due to extreme global financial slowdown and various other reasons, We are faced with the credit crunch and thereby an economic slowdown which no one could have exactly predicted! Given this situation, the central bank and others are reacting by reducing the concerned rates heavily. They are not reversing their earlier decision but are actually reacting to the current scenario. One cannot expect The central bank to be proactive but they ought to be reactive!<BR/>Nothing disproves the perception of our policy makers over the 'strong fundamentals' of our economy!<BR/><BR/>(This is my personal opinion)Uttamhttps://www.blogger.com/profile/03514592748341449457noreply@blogger.comtag:blogger.com,1999:blog-3162602858050711193.post-10743265487785783962008-10-21T23:45:00.000+05:302008-10-21T23:45:00.000+05:30I have one question, here you say that Banks have ...I have one question, here you say that Banks have come up with measures to curb the recession but then you've also contradicted in the topic "Current Recession: Policy Implications" as<BR/>In this situation there is not much can be done by the central banks. <BR/>I think that the latter is not supported with much evidence as it is evident that the Government across the globe affected by Sub-Prime Crisis are coming up with measures to curb its impact.Pramod Y.S.https://www.blogger.com/profile/16390225455231712018noreply@blogger.com