Verge of a fiscal ..
Ostensibly, conferred with the pronouncement ..
a replication of the one which is discernible as manifestation of fiscal innovation, reforms .. Consequently .. culmination towards, purportedly, another fiscally stimulating one .. or rather discernible as manifestation of defiance of fiscal, economic wisdom .. Defying the fiscal sagacity of seasoned principles, faction’s opinions .. perplexing for the intrigued strata .. at the least !!
Either of the pronouncement refutes the alternative pronouncement .. which one characterizes manifestation of sarcasm could be deciphered individually ..
Well .. inducement for this scribble has emanated from the proposed statutory framework attributable to the fiscal restructure & recapitalization of financial institutions, & consequent discerned defiance of fiscal, economic principles.
Would rather commence this column with my Twitter posts on the issue :
” Ankit Bhatia writes on his Twitter page :
Statutory provisions & fiscal stipulations – purporting to legitimize the proposed fiscal recapitalization statute or restructuring of public deposits – by financial institutions – are in absolute defiance of economic principles.. I anticipate consequent fall in public deposits
Research advisory bodies of IIMs / Chartered Accountants / other eminent economic / finance research bodies in India – ought have been consulted prior to EVEN CONTEMPLATION of such statutory framework .. skepticism on the proposed statute .. Perplexed factions .. ”
Source – my Twitter page
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