Jamal Mecklai, Founder & CEO of Mecklai Financial, says sovereign bond issue is an idea the government must not shelve. He says while money continues to flow into India, there is no real demand for dollar in the Indian market. In an interview with Saloni Goel of ETMarkets.com on the sidelines of the ETMarkets Global Summit, 2019, he said low investments are not on account of cost of money but rather due to worries over weak growth. Excerpts:-
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Jamal Mecklai, Founder & CEO of Mecklai Financial, says sovereign bond issue is an idea the government must not shelve. He says while money continues to flow into India, there is no real demand for dollar in the Indian market. In an interview with Saloni Goel of ETMarkets.com on the sidelines of the ETMarkets Global Summit, 2019, he said low investments are not on account of cost of money but rather due to worries over weak growth. Excerpts:-
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The Congress on Saturday alleged that Finance Minister Nirmala Sitharaman was 'clueless' in dealing with the economic slowdown and termed the latest steps announced by her to boost the economy as 'cosmetic' and 'piecemeal'.The party's attack came after Sitharaman announced an over Rs 70,000-crore package for export and real estate sectors, including setting up of a stressed asset fund, as the government continued with firefighting measures to pull the economy out of a six-year low growth rate.'I can only say that the finance minister is clueless as to how to deal with the gravity of the crisis,' Congress spokesperson Anand Sharma said at a press conference.After the earlier announcements of stimulus package, the situation deteriorated and the latest steps are not going to help, Sharma asserted. (PTI)
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BJP Govt. Ministers are Completely Clueless and Still Claim All Is Well: P. Chidambaram
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