Sign In / Register
Make This My Home Page | Feedback |RSS
Channels Astrology | Cricket | Tenders | Classified | Blogs | Shopping | Opinions | Hotel| Travel
You are here: IE »   Story

Letters to the EDITOR

1 Comments | Post Comment
FontLarger | Smaller
  • Print
  • Mail This Article
  • Comments
  • Add to favorites
    • Tags : Posted: Thursday , Jan 31, 2008 at 2319 hrs

    All these should be taken as warning signals by the RBI, and it should take timely measures to tackle the effects of recession. Already all banks in India have taken long exposures in the home loan sector. Personal loans and consumer loans are freely given without ascertaining repaying capacity of the borrower. All prudent lending norms are overlooked. Our economy too is not immune to such cycles. But since we are a developing country, recession will affect us more. All economic activities are cyclical in nature, and economics and finance are science of probability and not certainty.

    — Sudhir K. Bhave

    Mumbai

    Single Page Format
    Previous123
    Comments
    Post comment
    View all Comments (1) |
    shekhar gupta's main article on edit page: babuji dheere chalnaBy: v.sriharsha | 18-Jul-2009 Reply | Forward This is the price one has to pay for an all-inclusive growth as motto.(babuji dheere chalna, July 18). Haven't one come acrossed the slow-moving snail-pace traffic on our busy thoroughfares? The bullock-cart, the cycle-rickshaw, the cyclist the Maruti and the jumbo cars all should find a place in the sun to reach their destination each accommodating other's urgency. Mind you, you have the signal points in between, like the road-blocks to economic growth in terms of poor monsson and other global vagaries like oil price in international markets, et al. Well, one has to shoulder the burden of all--the meritorious and the mediocre to reach the final goal post. Comparing our pace with China is misplaced as like the traffic analogy, a Chinese prefers a cycle and not a Ford or Hero city to flaunt his status. The Chinese know their point of destination. We are yet to identify our goals. A country of too many contradictions and free advisers !! V.Sriharsha, Delhi
    Post a Comment
    View all Comments (1)
    Name:
    Email:
    Title:
    Maximum characters allowed     
    Comment:
    TERMS OF USE:
    The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
    I agree to the terms of use.