In the recent past the financial media has glamorize the Free fall of the rupee and its been showcased as mere panic to the viewers, one of imagesthe major reason you should better be watching National geographic channel or Discovery.

Here are some thoughts on the financial development of India

We have reversed financial development, we have messed up the operating procedure of monetary policy, we have created chaos in the short end of the bond market, we have impeded Indian households taking refuge from high inflation by purchasing gold, we have resurrected gold smuggling, we have raised the possibility of reversing trade reforms. In return for what?

There are numerous problems that require the attention of the government. :-   Continue reading