Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

Posted by Diggy Chacha | Thursday, 19 September 2013 | Posted in , , ,

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate Subbarao who left this mess created by few stupid political economists," Raghuram Rajan found telling the sweeper who came to clean up the mess. He muttered "I felt like the sweeper."

4.00 am Started working on various calculations again. "Can't help yaar! If I reduce the rates economy will see higher inflation and falling rupee. If I don't cut, industry will kill me, Chiddu will blame me. Fu*k so difficult situation," said Rajan to himself.

4.30 am "Larry Summers you are a lucky chap boss. People threw you out of US Fed Gov race. Wow," said Rajan again to himself.

4.30am to 6.30am continuously scrolling the papers

7.30 am Finance Minister P Chidambaram's call. "Rajan, today I woke up early at 7.15 am despite late night party, just to tell you that I am very concerned about faltering growth, rising prices and falling rupee. So boss, buck up and make some smart policy announcement. Cut repo rate by 150 bps, remove crr and some more stupid rates, late the inflation sky rockets to increase wealth of poor farmers and allow rupee to reach its century mark so that we can award it a Bharat Ratna," said Chidambaram on the phone.

8.00 am Rajan got another call. However, nobody spoke for 15 minutes. "It must be PM's phone discussing about the economic situation through mute mode," said security guard of Rajan.

9.30 am "Rajan Uncle, Rajan Uncle please keep the policy pro poor. So I will be able to say aam aadmi of India that even RBI was told to supply free money to you guys. My suggestions are no interest rate to 80 crore Indian poor while increasing interest rates for rest by 100 times. We can also announce 'Money on Demand' scheme under which they would have right to demand money from bank anytime even they don't have anything in their account," said Rahul Gandhi who woke up early in the morning to send his suggestions to Rajan.

10.30 am A call from some Pappu Pandey, original representative of aam aadmi of India which includes urban, rural middle class and person who bears the brunt most out of economic slowdown as well as high inflation. He said "Sorry Rajanji, I disturbed you in the midst of work on the most influential policy statement for us. I was actually trying to call you since you inducted as RBI Governor but with no success. I have a sincere request to you that right now I don't have any money in my pocket to distribute freely among 80 crore people of India. Neither my income is rising nor are the prices stabilizing. So a sincere request that if you postpone the growth for a while and allow me to purchase daily essential food and become stronger to be more productive then it would be great service for us. I ensure you that if you allow me to become stronger I will not have any problem contributing for the growth of rest 80 crore people."

11.00 am Policy statement released. MSF reduced by 75bps, no CRR cut and Repo Rate hiked by 25bps. Focus on curtailing retail inflation which hurts most to middle class population.

11.25 am "Market has termed RBI's monetary policy as a pro-middle class," Media "First time in the history any of India's RBI Governor gave importance to consumer price index (CPI inflation)."

Live Coverage: Rahul Gandhi’s birthday

Posted by Diggy Chacha | Wednesday, 19 June 2013 | Posted in , , ,

On the eve of auspicious "Pappu Diwas" or "Rahulotsav / Rahul Jayanti", the India Satire bureau brings you a live coverage of the important events of the day.

03.00 pm Diggy gave evening plan of action to Rahul

Schedule

At 4 pm visit to aam aadmi Mr. Vikas Oberoi who heads a big 5-star hotel in Delhi

At 6 pm visit to another aam aadmi Mr. Robert Vadra, who is also husband of Rahul's sister Priyanka at Gurgaon to discuss about the Govt's aid to his small and mid size project

At 9 pm Small get together function at Vadra's house

At 11 pm back to a hotel having some cheesy snacks and great dinner with best of the wine and quality vodka, dance with beautiful guys

At 2 am Will come back to home for a small sleep

02.30 pm Left the hotel, to0k a short nap in the car. Came to home told Mummy that he helped another aam aadmi and went for a sleep.

12.45 pm Run to new restaurant in Delhi's posh most areas (name hidden for security) with young friends. Celebrated birth day with 'Daal Roti'. Special media person was available to capture the sense of the event. Rahul neatly cleaned plates and crockery, smartly wiped dirt on the floor and hugged and kissed Ramu, waiter of the hotel. Ramu told media person that it was his dream comes true after he met Rahul. He also said that he would vote Rahul in the next elections. Rahul promised him whatever problem he faces Ramu can directly come to him.

11.30 am A small speech at his residence to young Congress leaders. "You all need to resolve issues of India. You are India's power too. Don't let that Modi demon to win the elections in 2014," said Rahul Gandhi. Just after speech many leaders took his blessings.

11.05 am "Mummy, Mummy, what should I wear today?" asks his mummy. "You can try half white kurta and paijama in the morning and that sleeveless t-shirt and jeans which I bought in Italy for you in the evening," said Sonia Gandhi

10.15 am "Thanks Priyanka for wishing me happy birthday," Rahul Baba talks on his phone

9.40 am Diggy, a loyal servant at 10 Janpath serves Bread and Butter.

9.15 am "Yes Mummy! I will take Bournvita," said Rahul while watchin Tom and Jerry, took a bath.

8.45 am Cleans his tooth properly, watches white tooth in the mirror

7.15 am Rahul cleans up yesterday's pizza and burger, sets free to inject some more

7.00 am With a small puppy from Mummy Rahul Baba starts his day