THE INDIANS HOPE THAT THE 3-NEW MPC MEMBERS APPOINTED BY GOVERNMENT OF INDIA TO TUNE THE INTEREST RATES IN LINE WITH NATION'S NEED AND NOT FORCED BY THE RBI GOVERNOR'S DOGMATIC STAND

THE INDIANS HOPE THAT THE 3-NEW MPC MEMBERS APPOINTED BY GOVERNMENT OF INDIA TO TUNE THE INTEREST RATES IN LINE WITH NATION'S NEED AND NOT FORCED BY THE RBI GOVERNOR'S DOGMATIC STAND


Dear Readers,

As per the following News Report of The Economic Times released in the evening today, The Government of India has Nominated 3- New External Members to the MPC (Monetary Policy Committee) of RBI: 

1.  Mr. Ram Singh .....Director, Delhi School of Economics, University of Delhi.

2.  Dr. Nagesh Kumar ....Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi

3.  Mr. Saugata Bhattacharya ... Noted Economist 

THE INDIANS HOPE THAT THE 3-NEW MPC MEMBERS APPOINTED BY GOVERNMENT OF INDIA TO TUNE THE INTEREST RATES IN LINE WITH NATION'S NEED AND NOT FORCED BY THE RBI GOVERNOR'S DOGMATIC STAND THAT HAVE BEEN EXHIBITED IN THE RECENT TIMES THAT HAS NOT HELPED THE NATION IN ANY WAY THE COMMON PEOPLE OF INDIA HAVE BEEN SUFFERING FROM UNDUE EMI LOAD ON BORROWING ( WHICH HAS BEEN INCREASED BY 25% BY THE BANKS DUE TO CONSTANT REPO RATE OF 6.5% FOR 20 MONTHS SINCE AND SO FAR ).

While two outgoing MPC Members such as Ms. Ashima Goyal and Mr. Jayanth Verma had rightly dissented in the last two MPC Meets in favour of rate cuts, it is the Dogmatic Stand of the RBI Governor and his colleagues in RBI who are in MPC had let the Nation and its Common People suffer with unbearable EMI Load even on Basic Livelihood Borrowings like Home Loans, Educational Loans and Motorcycle Loans etc., I have no hesitation in saying also as a Prominent and Qualified Professional of India. 

In my firm opinion this much ( said in Caps above ) will be enough to say at this point of time ). 

The link of the News Report cited above is here below:

Govt announces 3 new external members ahead of key RBI MPC meet


Best regards,
Dr. Nimain Charan Biswal,
Mumbai, India 


About the Author: Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 38+ years of work experience in both industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.


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