2014 has come to an end. Let us hope, 2015 will be better for us, the country and economy. It is expected that counter-views for or against high interest rates will provide some good results. We are already seeing falling rates for deposits and expect them to be translated into lower lending rates. All this is happening with Reserve Bank is maintaining the key rates unchanged. Govt. is expected to come out with aggressive divestment program to reduce the say of Govt. machinery in PSUs. Further, we expect rationalization of subsidies and expect indirect tax rates to go down. We also expect that Large corporates will reduce their debt and pay off their suppliers in time to get a bargaining strength to reduce the cost of supplies. We also expect that the Govt. will provide incentives to individuals and corporate sector to invest in financial products rather than in Gold and real estate. Above all, we expect the bankers being able to recover old debts by selling off assets. We also expect that no restaurant, hotel or merchant establishment refuse to honour card payments. In other words, We expect various stakeholders more disciplined and responsible.
All these are hopes and hope them to be turned into reality.
