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Was govt. true about the financial crisis

Created by : Gaurav Chhabra, Sr. Associate, HDFC Bank  | 10 31 2008 17:47:13 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Keywords : Financial Crisis True Govt
Activity:  324 views;  last activity : 07 06 2010 20:18:09 +0000
Has the govt. been dishonest about the India's exposure to financial crisis?
  
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Yes, I think govt. has been dishonest to its citizens. Govt. has realized the crush of finances only when the foreign visits of ministers was being cancelled. The best example is that of IMF meeting conciliation it is only after that the various rates imposed by govt. has been cut.
By Gaurav Chhabra, Sr. Associate, HDFC Bank  | 10 31 2008 17:47:13 +0000
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I would completely disagree with my friend saying about the cause of the cause of cut in rates. Fist let me remind everyone of the fact that the markets are volatile and countryies do get affected by global financials. This is the reason when one country gets affected and its mortgage GDP is 80% then oter countries are bound to get affected.
By Pooja Dangi, Associate, Irevna  | 10 31 2008 21:06:00 +0000
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