Of many things that “suck” in India the most irritating are the ideas of the policy makers. Here is another one Panel suggests scaling up convertibility

How does it plan to do that ? This is how

“revenue deficits of the states should be eliminated by 2008-09 and fiscal deficits of the states should be reduced to 3% of GDP. “

How ridiculous, we don’t know what the oil price could be next month and we are talking about eliminating deficits.  Sigh !

Advertisements