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The Economic Times

Government welcomes RBI's 25 bp repo rate cut

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Jothi Narayanan (Palakkad)

When RBI is the governing -bank of the Finance ministry of the Govt. of India and the monetary policy committee has been given the contour of the resolution to be passed, where is the room for welcoming the repo rate cut. Self-Eulogistic sans pragmatic.Please classify the category of investors and describe the pros and cons of the every financial policy passed by the monetary policy committee. Will Modi''s Govt.stop the repo rate cut or it targets the zero interest rate on deposits in PSBs and then sell out to corporates? Where the Govt''s financial policy is leading too?Time is ripe for the national debate on " The future of PSBs in India". The era of Ms.Indira Gandhi witnessed the nationalization of private banks and Mr.Modi''s era ---- ?.

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