USD($) - INR(₹)
AUD(A$) - INR(₹)
EUR(€) - INR(₹)
KWD - INR(₹)
Will Pranab give 'Midas touch' to ailing economy
As today's Finance Minister (FM) Pranab Mukherjee will be signing the register for the last time, as he resigns. After his formal resignation, he shall be contesting the polls for the highest post in Republic India. Will the FM give his final `midas touch' to the ailing economy that was eluding him in his tenure. In his final day at the FM office the industrial stalwarts cross the country are expecting miracle to happen that did not occur in the last three years.
Well let us have a quick check at what the FM is expected of today. The various measures are likely to include raising the interest for NRI deposits, cutting down wasteful expenditures and unveiling a bond issue for overseas investors to improve capital inflows in the wake of the rout in rupee.
"Private investment in India is constrained by lack of availability of funds. Government might announce some measures for attracting investments and also steps to cut down wasteful expenditures," said Y K Alagh, Chairman, Institute of Rural Management.
Congress Working Committee (CWC) is planning a farewell for their beloved FM, who was sitting on a throne of thorns all through the tenure. Mr Mukherjee became a member of the CWC in 1978 and has been a key player in the top decision making body of the party. Political observers feel that sending the veteran parlimentarian to the Rashtrapathi Bhavan would be a wise move by the Congress as he would not intrude in the future Prime Minister selection. With the maximum members rallying behind him the political wizard is sure to adore the country's. (With inputs from internet- AW AarKay)
Add Your Comments
Please ensure that you don't use abusive words in your comments. While you have a right to express your views, you have absolutely no right to abuse persons or events. Express your criticism in a gentle way.
Featured Movie News
Intinta Annamayya movie made by Yelamanchili Saibabu is preparing for release on…
Nagababu kept a responsibility on the successful film director Puri Jagannadh's shoulders. …
Raveena Tandon who is bollywood role player making a comeback to the…
Lakshmi Rai will be seen in guest role in Ravi Teja's Balupu.…
There is gossip that Rajamouli, the very acclaimed director is going to…
Court exempted Salman Khan appearance who is under trail for his involvement…
- Life style