Pakistan is seeking to escalate tensions over Kashmir by expelling India’s envoy. It’s a drastic step but India can live with it for now. It’s not unprecedented and ties are anyway not at their best. The Modi government should instead focus on tackling the internal challenges in post-Article 370 Kashmir.
RBI rate cut won’t help. Govt must first undo some of its damaging budget decisions
RBI cut rates for the fourth time this year by an unconventional 35 basis points in yet another attempt to boost growth. Banks need to pass it on to borrowers, but that alone won’t help. The Modi government must match it by first undoing some of its damaging budget announcements.