Although it acknowledged that growth for 2010 has been revised downward to 4.1% it is worried about inflation picking up and rising to 4% over the next few quarters.
That makes a lot of sense because price stability should have priority over growth especially when the latter is of the depreciated rupee kind. We can also compare the performance of the last two governments and Sithanen's record vs. that of Singapore for support of an inflation target.
Raj Makoond (JEC) so raisonnement bien bankal ek enfentin mo trouve. Banne gros palto pas pe gagne assez rupee avek zotte banne euro, sa ve dir Bheenick bizen donne zotte plis Rupee pou chaque euro ki zotte pe ezporte. Abe kan to tipe gagne Rs 50 contre ene euro, ki to ti fer avek sa kas en plus la ??? Koze Makoond !
ReplyDeleteMr Narain Jasodanand in Le Mauricien of 22 June 2010:
ReplyDelete"Il est possible d'éviter une dévaluation si l'on applique spontanément quelques mesures correctives. Si on ne le fait pas, le recours au FMI sera conditionné par des mesures qui seront encore plus nuisibles à notre économie à long terme et à notre société. "
http://lemauricien.com/mauricien/100622/FO.HTM#2
Couldn't agree more. Here's what the IMF does and here's what we need to do right away.
ReplyDeleteAgree with all of you. One thing puzzles me though. Makoond is the co-president of the stimulus package but he had no qualms about saying that the stimulus package needed to be maintained. Isn't that a blatant case of conflict of interest (he is party and judge at the same time)? Shouldn't someone go to ICAC and give a statement? And we know how the money is being wasted on badly-managed companies.
ReplyDeleteAgree 100% with Sanjay but our businessmen here do not want people like Sanjay Jagatsing around to open the eyes of the public. They prefer the stupid LSE-type (e.g. RS and AMM) who will be the Voice of the Master !!! Once upon a time there was someone intelligent at the head of the JEC called Maurice Paturau but today what do we have ?
ReplyDelete@ kifer & @ Anonymous of June 23, 2010 9:18 AM:
ReplyDeleteFrom the horse's mouth:
http://lexpress.mu/story/13235-statu-quo-le-jec-dit-ne-pas-comprendre-l-inaction-du-comite-de-politique-monetaire.html
"La confédération du secteur privé déclare ne pas comprendre..."
"...s’étonne le JEC"
"...s’insurge Raj Makoond"
Donc, directeur du JEC (en d'ott mots: Gourmand La-minn Dipain Federation) pas comprend, étonné, ek finalement zott insurgé. Seki'nn pérr, lev lamé!
Et pourtant, li-mem dire:" Le problème est structurel et il faut reengineer l’économie et les entreprises. Mais, pour cela, il faut un montage réunissant les politiques fiscale et monétaire ainsi que des aides sectorielles. Le MPC ne peut pas se contenter de dire que ce n’est pas son mandat"
Abé seki journaliste-la pas expliker, c'est kisann-la/kouma Missié-la cwar ki pou coumence sa travail "reengineer l’économie et les entreprises"?? MPC ki pou faire ha pou li? MPC inn faire saki li capav faire selon so madat, si li outrepasser, ki arriver lerla?
@akagugo: krwasans diminie par 0.5% zurnalis la dir kriz euro pe gayn enn lefe nefas. Bizin kompran zot: tu zafer inn vinn margoz depi zot larme sek inn gayn enn bel loportinite pu petet retourn a so bann ansyen lamour. Btw get enn ti kut performans krwasans Rama pendan so karyer.
ReplyDeleteSeki striktirel se kapasite infini JEC pu rann li ridikil. Inn ler pu Raj pran inpe vakans lial repoze enn tigit. Karavan la pu kontinyer pase...
Excellent comments from akagugo and Sanjay. Yes I agree with you, Raj Makoond bizen prend so retraite aster-la. Sa courd ekonomie li to swiv Nanterre (Paris X) nepli kapav tir li dan bez mem si ti ena ene certain Dominique Strauss-Kahn ti pe donne cours macroeconomie ene lepok laba dan so lepok !!!
ReplyDeleteAgree that JEC is often one sided, but what can we do more in such cases, they are the ones generating wealth in this country, and need some form of protection,.... eski le petit cretin (PJ)ek so ban collegg de boufon ki pou al creer risess dan sa pays la .... also watch out for the fall in interest rate on savings account from banks who will need to rebalance the interest income following the rise in the cash reserve ratio, and alongside the fall in the savings rate to GDP, hope that the removal of tax on interest will reverse the trend, lets see what le petit cretin will do in his next budget
ReplyDeleteThe private sector is populated with hundreds of smart entrepreneurs who create wealth and who don't agree with the bunkum broadcasted by the JEC.
ReplyDeleteBanks can also reduce the spread they earn on their deposits and leave the savings rate unchanged. We just need one or two institutions leading the way.
Also we shouldn't forget that the two largest ones have doubled their profits in the last five years.
So do you don't like PJ. Was Sithanen better? And what do you think about the MMM?
Kee Chong Li Kwong Wing says (among many other things):
ReplyDelete"... il a joué francjeu (...) Pravind Jugnauth est tout sauf un bon à rien."
Eski li pe regretter ki Vishnu inn kitt MSM?
Sa deklarasyon la inn sirprann plizier dimun. Kee Chong ti konseyer Vishnu kan sanla ti minis de finans MSM. Petet li pa kontan kot li ete. Ek sa manier MMM pe fer la riske zot res dan karo kan en 2015.
ReplyDeleteMo pa croire qui KC pense ene seul mot de ce qui lin dire.
ReplyDelete