Is there any truth in what our respected finance Minister's statement that Indian Economy is getting revived and progressing and coming back to normal. But the inflation during last month 9jan 2020) is 7.595, the highest during the last five and a half years. this inflation is assessed on the basis of Consumer Price Index which means increasing trend of prices of goods and services in the market. Industrial production also has come down. when there is a trend like this in the economy, there must be interest cut by the central bank of the Country, which has also not taken place.
The government machinery is trying to give a different picture to the public by statements - that there were gray areas earlier but there are lot of improvements...?
One cannot take into consideration the investment into the money market especially during first half of the financial year extending upto november. These investments made by FIIs/corporates/investors etc are for speculative purposes and when the Investments made won't fetch returns as they envisaged are bound to be withdrawn and repatriated. this will again make an impact on our financially stressed sector.
what the economic Survey Report mentioned about the financial situations of our Economy was not mentioned in Budget 2020. instead of coming out with corrective steps, which may be stringent, cover up of real situations was more evident. The public is left to suffer the confussions which were not understood by him because of jargons used. Added to that came the new Income tax regime with options either to continue with the old or go for the new...a total confussion for an ordinary Tax payer.
Hence it is totally confusing as to whether our Financial Investments--both short Term and Long Term-- will fetch returns or whether those investments land into the hands of bigger corporates who will swindle away the money and claim banrupcy. WHETHER OUR ECONOMY IS SHINING OR FACING RECISION CRISIS IN OUR FINANCIAL SECTOR. we will WAIT,WAIT and WAIT because we are tolerant to anything and everything.
The government machinery is trying to give a different picture to the public by statements - that there were gray areas earlier but there are lot of improvements...?
One cannot take into consideration the investment into the money market especially during first half of the financial year extending upto november. These investments made by FIIs/corporates/investors etc are for speculative purposes and when the Investments made won't fetch returns as they envisaged are bound to be withdrawn and repatriated. this will again make an impact on our financially stressed sector.
what the economic Survey Report mentioned about the financial situations of our Economy was not mentioned in Budget 2020. instead of coming out with corrective steps, which may be stringent, cover up of real situations was more evident. The public is left to suffer the confussions which were not understood by him because of jargons used. Added to that came the new Income tax regime with options either to continue with the old or go for the new...a total confussion for an ordinary Tax payer.
Hence it is totally confusing as to whether our Financial Investments--both short Term and Long Term-- will fetch returns or whether those investments land into the hands of bigger corporates who will swindle away the money and claim banrupcy. WHETHER OUR ECONOMY IS SHINING OR FACING RECISION CRISIS IN OUR FINANCIAL SECTOR. we will WAIT,WAIT and WAIT because we are tolerant to anything and everything.
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