few funny points on economy

few funny points on economy :-)

-Government's chief economic advisor says piling up of NPAs in banks is the biggest problem, but isn't the same defaulters joining global billionaires club during the period is the real problem?

-He says low inflation at 3.2 is a great achievement but taking the cue from his own words that there are no loan takers in banks, then isn't it low inflation the sign of no market demand (or inability to increase price) or economic stagnancy?

- He says export growth at 18% is another great achievement but isn't it with a strong rupee, net export yield evens out?

-He refuses to comment upon demonetisation and digital money effects. isn't it a fact that RBI and government of India lost track of currency in circulation as the money returned to RBI is yet to be accounted and its equivalence (more???) is already in circulation? Isn't it also a factor that without a proper identification for individual unit- currency, like number and series, RBI is in a complete confusion how to infuse money into the economy?

- Isn't it a factor with GST going to be implemented, next few years will unleash its cascading effects, clashes and confusion all across the market that is going make everything into a mess pointing a no recovery sign for the economy in the coming years?

- Above all isn't it a very bad idea that Government is not spending to boost the economy in the name of fiscal control and RBI is tightening interest regime for a liberalised market economy that is getting stagnant?

-isn't it a tragedy that banks are flooded with forced deposits of public money in the name of digitisation and with no loan takers, tight interest regime by RBI, Indian banks are forced to levy the public with unusual and illogical service charges to negate the interest payment burden on those forced deposits, they supposed to pay back the depositors ?

The tragedy of this government is that they are trying to be the fiscal manager and economic planners of both planned and unplanned expenditures without investing and being the largest consumer!!

Worst Government discourses religious morality and not economic pragmatism and prudence as the principle benchmark of economic needs of a nation that is transforming from socialist economy to a liberal economy!!!