Well friends it's many weeks now since I wrote last on the state of Indian economy. With the change of guard at the top position of our federal bank RBI, the beginning of rate cuts really brought cheers and relief to many. However still a long way to go but at least we are towards correcting the probably unintentional wrong-doings of the previous regulator. The vicious cycle in which our economy has been reeling for almost last four to five years does not seem to be over in near future since many companies are struggling to survive or service the piles of debts they have created in the hope they will be running under full utilization of their capacity. Well in the current recessive scenario, the improvement in world economy seems to be slower than actually predicted so these corporate houses have to wait. Till that time even banks will also be performing badly. Well rate cuts are late and although they will contribute in reversing the process, it will take too long since the health of these business houses is too precarious. One thing that I will suggest to improve the health of our industrial sectors is those who are fortunately having excess cash in their reserves should bail out those who are distressed and dying because of excess debts that they are not able to service. This is for your own nation. Do bail out if you can. While government and the new RBI governor are doing their best, let the profitable business houses come forward and bail these beleaguered but otherwise promising companies out.
Thanks friends do keep reading..
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मित्रों यदि मेरा यह पोस्ट आपके दिल को जरा भी छू कर गुजरा हो तो मुझे विश्वास है कि आप मेरे इस प्रयास को लाइक दे कर मुझे और भी अच्छा लिखने की प्रेरणा, स्नेह और आशीर्वाद देंगे। आप अगर मुझे मेरे फेसबुक प्रोफाइल पर फॉलो करते हैं तो आपको मेरे शेयर किये सारे पोस्ट्स आपके नोटिफिकेशन्स में मिलते रहेंगे।
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