On Indian Finance Minister- PC Chidambaram- screw savers to help yourself !

PC's comments are useless. He knows MoF does not control RBI. RBI will not let interest rates fall with such high inflation otherwise from stagflation we will get closer to hyperinflation (?). The wealth disparities will go through the roof. Reckless overambitious fat cats borrowers will benefit. Conservative savers will ofcourse get screwed. It is very regrettable that PC can not come up with any new ideas other than the same old rut. It looks like the whole lesson of US has not filtered down to these chaps !!! Their debt is already downgraded. What will you do when every one is hugely indebted and ET THERE IS NO GROWTH ? The govt borrowing costs will go thru the roof (as no one will lend beyond a limit) and the govt will default (because of high interest payments). Why can't he focus on rapid liquidation of defaulted cos instead?