Financial Oversight

Prof Ashima Goel's article in Business line 12-Aug- 2010 " wrong Tack on Financial Oversight " brings to the fore two important ailments of India Culture Today-

1. Not learning from Others Experience - i.e Global Economic Crisis
2. Efforts of politicians to spread their tentacles wherever they smell money or threat to their manupulative power.

That is what the effort is by Union Finance Minister in forming Financial stsbility and development Council ( FSDC).
As author has rightly pointed out Co-Ordination Committee is what is the need of the hour.

Hats off to Madam ASHIMA

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