See the cruel tactics of Indian Government backed by FICCI and CII (the institutes of Indian capitalists), though politicians will claim that this is task of RBI, that by increasing the hoam loans we are controlling the economy.
By making the home loans dearer, who will be the biggest looser – Indian Middle Class workers who have anyhow purchased a home (at cost of their hard earned money). Indian wifes will now be getting smaller budget to run the household expenses.
In the past week, Indian middle class was ridden by the increased Petro prices, just to maintain the profits of Petrochemical companies. At the end of financial year, these shameless companies will boast of huge profits (at the cost of poor people working day and night).
Who will be benefited: ICICI and HDFC and other public and private sector banks
Private sector banks like HDFC Bank had raised their rates even before RBI increased its policy rate on Tuesday by 25 basis points to 15.25%. A senior HDFC Bank official said that following the increase in the CRR and repo rate by RBI, the bank will again review its interest rates soon. The country’s largest private sector bank, ICICI Bank, will also review its PLR soon.
If this contunues, what is the difference between British India and Free India? Only difference is that We are now ruled by black colored capitalists, who will do anything to get huge profits.
Current Democratic System in India is a wolf in sheep’s skin. The future of majority (poor people who know no ABCD of democracy – thanks to privatization of education) by a handful of Capitalists (CII and FICCI) and a couple of politicians.
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Do common man has any say in the policies being made?
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Do common man wants increase in prices?
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who is getting benefitted from the rising prices – common man or rich?
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Who will benefit the rising Home Loan EMI?
Filed under: Cheat Politics
