what Rajan the out goin governor RBI says
2.With private investment not picking up and jobs not being created,
3.private investment was not coming in. "Corporations are not building new factories and they are not putting up new machines. They are not increasing jobs at the way one would wish them to." He hoped with a good monsoon demand will pick up in sectors like automobile and cement. "Once we have a good monsoon and a feel good factor prevailing in the economy, people start buying more, then there is virtuous circle, demand energises private investment that build on what public investment that is already growing." He said it serves well to do "step by step" and "steady" liberalisation of the economy "without upsetting too many people, upsetting too many constraints in the economy." The Governor, who steps down from office on Sunday, said he felt labour and land reform have to be done.
4.Do we move immediately to a system where there is no security of employment. Don't you need redressal mechanism. What is the appeal system. We need to have social security system to support the workers. As we process we need to see entire system is built out and that means of course incrementalism...If you too fast on one dimension, you outrun other dimension which are also needed at the same time.
now my question is when industries are not giving jobs not buying new mechines then why these people have to be given subsidy, and rate on intrest rates are to be cut and torture senior citizens like me more