Political Turmoil – 09 / 2020 - 27th September 2020

Political Turmoil – 09 / 2020 Friends & Critics – An Act of GOD (As Stated by Hon. FM) GDP as stated decline to – 23.9 or below. Our sources of income to the exchequer are (a) RBI funding. Rupees 1.76 lacks corers in addition 59 thousand corers, may be more in the offing. (b) Unabated increase in Diesel & Petrol prices to the tune of Rs. 10 per Lt. in last 4 months or so. Even though globally prices of Crude Oil declining (c) Payment of DA to serving and retired Gov. officials stand frozen from 01st January 2020 till 31st March, 2021 May be Extended further. (d) No allotment of GST to states as under the agreed formula. Why Does Growth Falter? – India routinely jettisons financial stability for myopic adjustments in government expenditures. Put simply, “phone banking” or behest lending has partly paved way for “phone central banking” as an all-encompassing arrow from the government’s quiver directed towards short-term growth stimulus with back-loaded macroeconomic misdirection. – V.V. Acharya former dy Governor of RBI. Snippets Next on happenings in East of Ladakh. – Galwan Valley. To read in detail on Kargil War and many more read Go on : http://airmarshalashokgoel.blogspot.com/ JAI HIND – JAI BHARAT