with the inflation touching the roof and the sensex going down & down, the people at large are very happy to see Government coming to rescue through lot of benefits given to banking sector to increase liquidity and to ultimately lower down the end lending rates to the public at large. But why the Govt has woken up from the slumber so late. If these monetary measures would have taken little earlier the economy would have been in good shape by now and restructuring would have been smooth. But we have made it almost a habit to take the necessary action when water level goes above out head. But when the Govt realized that inactivity can boomerang in terms of lower vote count in next elections, it started thinking and then acting. but one must be positive also , that whatever is the motive the good things have started rolling.
another perspective of looking at this is that are we as market forces or independent banking setup so weak that we still look forward to Govt's intervention. Time to introspect .................................
are we still far away from the true open system of economy ?
