Bonhomie between NSA Ajit Doval and his American counterpart Jack Sullivan is a sign of a maturing strategic partnership. But both sides are on test to not be weighed down by what PM Modi called ‘hesitations of history’. A lot will depend on how critical and emerging technology is transferred.
Contraction of wholesale prices over 2 months much-needed respite. Validates RBI’s hawkishness
Two consecutive months of contracting wholesale prices, though on high bases, is a welcome respite from recently-spiralling vegetable, milk prices. Retail inflation is also easing toward the 4% target. This validates RBI’s hawkish policy so far. Its caution over potential adverse global, domestic factors sets the right tone going ahead.