Image Courtesy : DNA
PB’s twisty take on the top five headlines of the day.
1. Analysts warn of speed bumps before GDP growth rebound
Consequently interest rates will come down. Already banks have reduced rate, with RBI expected to further reduce rate. Growth will most probably remain in tact and inflation will come down. The relative deafening silence of the present Governor of RBI on the issue in question or on the economy.
2. People in distress, act fast or there might be riots, SC warns Centre
Banks may not run with money but there are several instances historically of them going bust. Even recently during the 2008 global liquidity and mortgage crisis many Banks even in USA went bust to be salvaged by pumping trillions of dollars of exchequers money. Cyprus, Greece, Argentina etc.
3. Pakistan has 130-140 Nuclear Weapons, Converts F16 to Deliver Nukes
They are in the bottom 10 in ranking in many social economic parameters but still send so much on defense? Breaking terms and conditions agreed by USA and Pakistan is enough reason to declare Pakistan a rogue state and economic sanctions should be imposed on them.
4. Rupee Crashes Below 68; Ends At 9-Mth Low On Dollar Shock
Demonetization is supposed to make rupee stronger. If still it is getting weaker, demonetization has failed. These are not global factors. Dollar has peaked a few days back and has weakened against global currencies but Rupee is further weak even against the weak dollar.
5. Priyanka Gandhi to play a ‘major role’ in UP Assembly Election
As discussed in the older blog post while discussing she does has a vital role to play in the UP elections. But this might be the final card by Congress for these elections. With the recent demonetization and the media hype that they generally get, it could work in their favour.