THREE WISE MEN AND INDIAN CRICKET TEAM

BCCI has selected three wise men as adviser for Indian cricket team. All powerful technical director is already there , where Mr. Rabi Shastri is functioning with responsibility since few seasons back. The coach of the team is a functional post where country has seen many foreign experts since the days of John Right. Right was very much successful as coach of Indian team during the regime of Sourav Ganguly as chieftain of the team. Both of them had exceptional understanding and success followed them. The infamous short period of Mr Grieg Chapel the country want to forget. Everone is aware of the differences between him and Mr Ganguly. Everyone is aware that Mr Tendulkar has mentioned in his recently published book that just before World Cup 2007 Grieg Chapel came to him and tried to influence him by offering the captaincy and to abandon Mr Dravid from the captaincy.Where Mr. Tendulkar could not suppress his astonishment that just before world cup a coach wanted to bundle up the existing captain with a treason to make another person as captain who had decided not to do captaincy long back. 

Now, in present scenario, the country smell something like that. Initially, almost it was certain that the high profile team directors post or the post of team coach is going to Mr Ganguly who is definitely an excellent choice for the post. We should not forget that.one of retired internal fast bowler of Australia also commented in print media favouring Mr Ganguly's appointment. It is also a well known fact that Mr. Ganguly had offered his condition to do the long term job at least up to 2019. The only thing he has to sacrifice the post of CAB ( Cricket Association of Bengal). Since Mr Rabi Shastri was favoured by Srnivason's group it was obvious that Mr Dalmia will not allow him to continue long. Again Mr Ganguly is near to Dalmia camp, so it is the time factor only to change the game.

But, suddenly the table turned differently. Mr Shastri not only remained as a technical director of the team, he himself has opened his mouth in front of press that seperate coach is not required for the team as he can continue both technical directors job as well as the duties of coach.Meanwhile board has already appointed the trio ( Mr Tendulkar, Mr Ganguly and Mr Laxman) as special adviser of the team, no one knows perfectly what job the trio will do? A balanced team has gone for a one test series and three one day internal series to play against minnows Bangladesh; what sort of advise these three wise cricketer of yesteryear will give the team? What is the intention of BCCI in this regard is not clear to anyone. Even when contacted by media, these three also said that they do not know exactly what type of job they will do. Why this game has been played by BCCI and at whose interest? How Mr Shastri can give a statement to press that appointment of coach is not required? Who has given him authority to talk  of his own or on behalf of BCCI ?     

INTEREST RATE CUT AND AFTER

RBI Governor Raghuram Rajan has at last gone for an interest rate cut to boost the economy with a monetary policy despite of amid differences with Government of India.This difference has been noticed for quite long time. Central Government believed that RBI is always against the structural changes and that had initiated to form a Financial Sector Development Council long back during the regime of Pranab Mukherjee as finance minister.The differences became gradually wider and it came with an outburst with the comment of RBI Governor after declaring the recent monetary policy. Rajan said " The RBI is not a cheer leader. Our job is to give people confidence in the value of the Rupee, in the prospect of inflation, and having established that confidence,create a long term framework for good decision to be made".

Off course Central Government has not given much importance to his comment. But, RBI had to bow down ultimately to the request from different sectors and segment of the country to lower the interest rate. So, the recent lowering of Repo rate of 25 bsp from 7.50 to 7.25 has been the cause of stable and low inflation since beginning of the fiscal year. The Wholesale Price Index is even lower at 2.65 percent since long time. The cost of food product is stable and is slower from April of the year. The monsoon has been projected good and harvest of food products is emphasized to be better in coming season which would make a direct impact on the inflation and RBI has stated that there is expectation for further cuts in interest rates due to expectation of good monsoon. Although GOI is expecting that inflation may rise little at January 2016 up to 6.00 percent.

Now, the Repo rate is the rate at which public sector Banks borrow fund from RBI by giving adequate collateral security in the form of Government bonds and when they return back the fund they take back the bonds.Now , once Repo rate is lowered all public sector Banks are obviously to to lower their interest rates. Interest rates are generally regulated with base rate of every Bank so lowering of base rate will automatically ease the interest rate for borrowers to repay their loans. Banks at the pinnacle of the country like SBI, AXIS Bank etc have already declared to lower there base rates with immediate effect.So, the Home loan. Car loan etc will be cheaper for the buyers of the country.

The US monetary Policy has also become stable and inflow of FDI ( Foreign Direct Investment) is definitely going to increase and country's balance of trade will squared up and deficit will be reduced .Rupee may be upgraded against USD in conversion as well as buying and selling. Cost of  retail products like food and essentials will go down. So there will be a win win situation for the economy is predicted.