Kiran was upset with Kaustubh. After all, it had been years since they had embarked upon their relationship and Kaustubh had done little to further it other than changing his status on Facebook to “It’s complicated”. Like that was going to make much of a difference. Granted, he came from a very orthodox family but how much longer could he avoid telling to his parents. Kiran was ready to forsake everyone in the world to be with Kaustubh but somehow it seemed that the same commitment was missing from the other side.
Wednesday, August 24, 2011
Friday, August 5, 2011
Inflation - An assessment of the RBI’s actions
Background:
The WPI Inflation was at 3.22% at the start of October 2007 which was well within the range of 4-5% that the RBI wanted to maintain. However, there was a growth in the broad money (M3) by 22.4% year-on-year. The RBI had started increasing the CRR rate in order to absorb the keep the M3 growth at levels that was acceptable for them (17-18%). From December 2006 till October 2007, the RBI had already increased the CRR by a total of 150 basis points from 5% to 6.5%
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