By asking the Bank of Mauritius to target a level of inflation consistent with price stability -- that would be between 1-3%. They wouldn't be asking anything extraordinary because that's what already written in the law governing the business of the Central Bank. In fact, law-makers around the world have drafted similar provisions not because they like their fellow countrywomen too much but because they've noticed how higher inflation has a persistently naughty habit of throwing politicians out of office. Which would partly explain why we had 3 different Finance Ministers in the last 16 months.
If some government was serious about protecting its citizens from the perverse effects of inflation, it should issue bonds like this: "tax free in a five-year bond with an interest rate of RPI plus 0.5%." with a "100% guarantee that savings would be secure at [the] government-backed [bond]". Now you are talking.
ReplyDeleteBut the GLD's would not...
New joke after the water resources research sipa kiete la -NESC setting up new agri college.
ReplyDeleteMaru pays ca, nou telment enan duplicates ici
@ Anonymous of September 8, 2011 8:23 AM
ReplyDeleteAdd this new DTA (Driving Test Authority) thing to duplicate what the Police and NTA are supposedly already staffed and paid to do...
A small question for Navin: we are very eager to know if the 50 new 'motards' be trained by the same people which failed to tell the current 'motards' that driving/slaloming between two busy lanes (through the blind-spots of most vehicles) is probably illegal but always very dangerous, that road-marking lines separating two opposing lanes is not meant for decoration, that turn signals are not just flashing gadgets 'pou ferr zoli' but merely to remind you that other drivers are not equipped with mind-reading superpowers to guess your next change in direction, etc?
Else GIGO!
methinks we should have a list of duplicates authorities, people and systems that exist in this country.
ReplyDeleteNo 1 - too many vice PM's
@akagugo:
ReplyDeleteThe real return bonds are indeed a tool for inflation protection... provided you have enough savings. For Mauritius we better start establishing some credibility as far as low inflation goes.
DTA: Hallelujah!!!
@anonymous:
Yeah, it seems that everybody is doing everything or at least making announcements along these lines. There is a word for this: chaos!
New authority needed: EDBA (Elimination of Duplicate Bodies Authority)........of course it will work under the PMO.
ReplyDeleteHow is the super committee on monitoring going on ...the one with Darga and others ??? And monitors them?
@ Anonymous of September 10, 2011 12:28 AM
ReplyDeleteIn the same vein of useless things in our dear country, you may add VOH in the team for tracking down miscreants who dare to have a conscience and contribute to lifting the veil on the covert world of "traffic d'influence". What the big fuss about equal opportunities when your own do not practice it?