COMMENTS NO: YEAR/2012/21

"KING:'If I assume that the growing Indian economy is a Super-Fast Express Train, then the Budget of 2012-13 has proposed to construct various multifunctional platforms on the route of that Express train to increase revenues in the form of passenger fares and freight charges, but, no one knows, on which platforms the express train will stop and on which platforms it will gallop through. Moreover, the fiscal deficit may cross 6% by next fiscal year.' HERMIT:'Don't worry so much! UPA-II has to ensure that overall inflation remains within 6% to 8% range in 2012-13. If they succeed in that, then the RBI will act as an effective Centralized Station Master to show correct signals (either Red or Green) to the pilot of that express train at the right time by using the tools like CRR, Bank Rate, Repo Rate, Reverse Repo Rate and SLR.'"-Arindam Sain