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Friday 27 July 2012

RBI heads for a Scrap with Govt on relief to Housing Finance Cos

RBI heads for a Scrap with Govt on relief to Housing Finance Cos.......The Economic Times, page 1, 25th July 2012

Maybe RBI has a reason to take the Government Head On. But it would do well to understand that Housing is the Basic commitment that any Government can offer its Citizens. It would augur well for all if the RBI could resolve this issue at the earliest. While there needs to be Checks and Balances in all dealings to ensure these do not end us ap DUD accounts, the larger picture should not be lost in our endeavour to be right.

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