Retail inflation falling to 4.59% after staying above 6% for eight straight months is a big relief. This is a reprieve for RBI and should open more policy space for it to support growth damaged by the pandemic. It also strengthens RBI’s case for retaining the existing inflation targeting band.
SC stay on farm laws is gratuitous interference, puts its invaluable institutional capital at risk
We Indians passionately believe we can do others’ job better. It’s more troublesome when Supreme Court also shows the same frailty. The stay on farm laws and formation of a committee is a gratuitous interference in the executive and legislative domains. It brings serious risk to SC’s invaluable institutional capital.
China pullout from parts of Ladakh not a negative. Will be perilous to read more into it
The most we can say about China’s withdrawal of about a division from in-depth deployments in the Ladakh sector is that it isn’t a negative. It is perilous to jump to any conclusions of de-escalation. Good that General M.M. Naravane underlined the continuing vigil in his pre-Army Day press conference.
The fall in retail inflation will be appreciated by all households. Interest rates are already at historic lows. More than facilitating further cuts, moderating inflation – in October it was close to 8%, the highest in this government’s tenure – will redress the imbalance between the interests of savers and borrowers. Allow the RBI to have a stable, orderly monetary policy. A hard won macroeconomic achievement that should be preserved.
The Indian judiciary is incapable of putting it’s own house in order and is more interested in interfering I the domain of the executive and legislature. Rather then improving on the provision of timely judicial succour to all by improving it’s own efficiency so that the ordinary person doesn’t have to wait endlessly, the judiciary is more interested in reforming cricket. Time that the judiciary gets it’s priorities in order.
DEALING WITH ADAMENT LOT IS ALWAYS DIFFICULT. MORE SO WHEN THE LAW IS THROWN TO THE WINDS.
WE WILL PROTEST, NO MATTER WHAT HAPPENS TO OTHERS. UNDER THE CIRUMSTANCESC THE ONLY CHOICE IS TO BUY TIME.
1. CAN THE SC SCRAP THE LAWS ? THE ANSWER IS NO
2. CAN THE SC TELL THE PROTESTRERS TO VACATE ? THE ANSWER IS YES.
3. IN A DEMOCRACY WHO CAN AFFORD TO HAVE BLOOD ON IT’S HANDS ?
The SC’s invaluable institutional capital has to be risked because we are not dealing with CHINA or PAKISTAN.
Chinese pull out means nothing. Their entire track record is of hypocrisy and unethical land grabs. Other nations would be grand fools if they keep reading too much into it. With other nations, it could be construed a positive step but with nations like N Korea, Pakistan and China, never.
The honourable apex court has always been sympathetic to the cause and the suffering of the farmers. On the previous occasion it had also upheld their right to protest peacefully. The suggestion for a temporary stay had been made then, with a view to facilitating further dialogue without loss of face or prestige for either side. 2. Seven weeks have passed. Tens of thousands of brave farmers, including the elderly, women, children, braving freezing weather. The talks are completely deadlocked. Total absence of trust. Departing from the record of the protests being peaceful, the recent events at Karnal may have sensitised the Court to what might lie ahead. Also the possibility of highways being blocked, large numbers of protestors making their way into Delhi on 26th January. 3. It is not the SC’s job to run India, nor does it wish to. I think it has used the immense faith, trust and goodwill ordinary Indians have placed in it over generations to offer both sides a graceful way out of the impasse. The government has stood like the Rock of Gibraltar.
The glorious Indian Army has held its ground. Provided China and the PLA with a much needed reality check. The peril has not passed. It will be good if conflict can be avoided.