Warrier's Friends' Collage, March 27, 2026 : Assets Management
This refers to the report "LS Approves Finance Bill, Tax Rules Eased" (March 26). Common man is not amused to hear that "this Finance Bill has so much more for the middle class" or "the focus is on easing compliance and cutting litigation". In addition to his own struggles made more strenuous by the side effects of war elsewhere, he feels helpless with no light seen at the end of the tunnel. Unusual situations need off the cuff experiments to find medium term solutions for new problems cropping up every day. The setting up of Price Stabilization Fund is really a comfort. But the need of the hour is diversification of sources of revenue. This will call for immediate mapping of available investible assets and ploughing them into pools which will be available for accessing in times of need. Let's not forget the experience of 1991, when RBI Executives physically carried gold for pledging to borrow small amounts of forex. Like keeping vacant houses tena...