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Where’s the money?

Prime Minister Manmohan Singh chose a Keynesian pitch at the Asian European Summit in Beijing, and committed India to large-scale infrastructure projects to revive domestic demand. But the scope for increasing government expenditure on infrastructure to pump-prime the Indian economy today is li ....Read more

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LiquidityBy: sbala | Tuesday , 28 Oct '08 2:40:54 AM Reply | Forward RBI rate manipulations will not in the near future bring liquidity to the market. One solution is to bring back the amnesty scheme for unaaccounted money for a period of three months with a rider that the money will be invested in shares of Public Sector Undertaking and returned to the depositors after five years as shares. This with suitable modifications can be adopted to bring in at least an amount equal to the withdrawals of the FII gamblers. Along with this, the FO, Commodity and Day trading should be banned to avoid the gambling FII returning.

INFRASTRUCTURE DEVELOPMENT IN INDIABy: HARGOVIND SACHDEV | Monday , 27 Oct '08 16:45:37 PM Reply | Forward The editorial dated 27-10-2008 lays the right emphasis on infrastructure development and need for liberal policies to attract investment in the sector from overseas investors.The need for ameliorating the living conditions of rural folks can be addressed by taking the infrastucture growth to rural areas where the true Indiua lives. Improvement in roads will hep two ways , one by arresting the unnecessary migration to cities and second by faster movement of farm produce to consumption centres in cities from villages.The editor's suggestion that the real estate should also be given free access to international funds needs revisiting as the same would increase the prices of real estate.

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