The Chokra at the BOM keeps bluffing !

The Governor of the Central Bank claims that they have succeeded in raising Rs 56 billion out of the Rs 60 billion's contribution to the 2020/21 Government budget. It ’s a bluff. It’s a misrepresentation of facts . Our Chokra seems to have learned his lessons well- a regime that persists in lying to its own public.. Watch out for the forthcoming article of Sushil titled -“The Monetary Policy Muddle - Postscript”

Another bluff is the projected real GDP growth of 7.5 per cent for 2021. The basis of this forecast has not been explained. Even the private sector is not convinced- “Our understanding is that the first quarter of 2021 would continue to present accrued challenges , due to the situation in our key markets”

While globally, the fears of the perceived risk of a second global wave of the Covid-19 pandemic and also, sadly, the low probability of an early effective vaccine arriving have pushed down business sentiment and the chances of a V-shaped economic recovery, our Chokra is trying to feed us with some vain recovery figures.

8Harish Chundunsing, Vinaye Ancharaz and 6 others

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