Investors merrily tucked into stocks with dubious credentials on the premise that they would blossom into “next L&T” and “next Page Industries” and shower multibagger gains. However, reality is now dawning upon investors that these may be junkyard stocks. Unfortunately, the exit doors are blocked and there is nowhere to run or hide
While eminent experts are divided in their opinion on whether Raghuram Rajan ought to have been offered a second term or not as RBI Governor, all are unanimous that NAMO handled the issue in a clumsy manner and has suffered a “self goal”
Swaminathan S Anklesaria Aiyar, an economist, has sent the bone-chilling warning that if Raghuram Rajan, the RBI Governor, is not given a second term, there will be draconian consequences. He warns that as much as 100 billion will flow out, stock markets will crash, currency markets will panic and India will be severely bruised
The tirade by Subramanian Swamy, a trusted confidante of NAMO, demanding that RBI Governor Raghuram Rajan be sacked immediately for alleged “Anti-India” activities is worrying investors because it implies that a change in the office of the fiscal regulator is imminent
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