"KING:'Inflation is at 40 months
low. Are the figures correct? Maybe, before the polls, the Planning
Commission is coming out with such data. What should be the strategy
of RBI now?' HERMIT:'Amend Section 17(1) to force all the banks to
keep at least 30% of their net profits with RBI. Decrease Repo and
Reverse Repo rates by 100 basis points.' KING:'Ha ha ha...it is like
telling the borrowers to take loans at a lower interest rate by
keeping more security money. Gold and Silver are losing their
monetary glitter. What about that?' HERMIT:'The price corrections of
those shining metals are taking place at the right time. There is no
need to press the panic button.'"-Arindam Sain
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