There is an article in Financial Express about Money Multiplying which talks about the RBI/Banks role in economic development by creating credit flow. And presently how banks are playing safely by investing in more than specified minimum limit of SLR & Reverse repo, about which I have mentioned many times...
Mr. Ajay Shah has an article in FE about our standards in monetary & debt policies. He compared the present fiscal & revenue deficit to 1991 & analyzed the things which lead to S&P to downgrade the Indian ratings. Go through comparison between the UK's debt repayment standards for centuries as compared to ours & standards. And also have look at the solutions he has mentioned like scrapping the present subsidies [Even though I dont fully agree with his idea giving Rs. 100 to each person of BPL family]& asset sales & RBI reforms.
I got good article about FRBM (Fiscal Responsibility & Budget Management. In that article it is clearly explained the vision of FRBM, need of fiscal deficit in crisis time, proper using the funds, accrued from borrowing [public/private].
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