Wednesday, 20 February, 2019
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Ilanomics

shagun notes

As RBI transfers reserve surplus to Modi govt, it now has to find ways to manage risks

Instead of RBI holding capital, an MoU could be signed that would require the govt to pay the central bank in case of any risk.
A man walks past the Reserve Bank of India headquarters in Mumbai | Shashank Parade/ PTI

Year after historic circular, debate over RBI’s regulation making powers still mired in confusion

RBI’s last year circular making bankruptcy proceedings a must brought focus on the need for checks and balances when unelected officials write a law.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

RBI governor Shaktikanta Das’ first rate cut move is government-friendly, as expected

Experts say RBI's 25 basis points cut in lending rate is expansionary given as it comes shortly after an expansionary budget.
PM Narendra Modi cheers as Piyush Goyal presents the interim Budget 2019-20 in Lok Sabha | PTI

Modi danced the fine line – his budget wasn’t anti-rich & his govt didn’t defend past sins

It is a relief to see that the government did not run the risk of running a larger borrowing programme.
Rahul Gandhi | @INCIndia/Twitter

Basic income for poor demands subsidy cuts, a step govts in India are unlikely to take

If no effort is made to consider how a minimum income guarantee is financed, then the expenditure would lead to cuts in public investment & higher borrowing.
RBI Headquarters in Mumbai

Why RBI must cut interest rates in its next monetary policy panel meet

With no upswing in output growth and low consumer price inflation, the stage is set for cutting interest rates.
A branch of Gramin Bank of Aryavat in the village of Khurana, UP | Representational image | Prashanth Vishwanathan/Bloomberg

Inequality reports like Oxfam’s end up hurting India’s poor with their poor methodology

Oxfam considers it “obscene” that the poor now borrow more, and have seen an increase in their liabilities.
File photo of Narendra Modi at the launch of MUDRA Bank in New Delhi | Kuni Takahashi/Bloomberg

MUDRA scheme: What the Modi government failed to do for small businesses

The slowdown in credit to small businesses is yet another example of central planning gone wrong.

India is yet to recognise the soft power of making its rupee an international currency

We must look North—and see the rise of the renminbi.
RBI Headquarters in Mumbai | Punit Paranjpe/AFP/Getty Images

Modi govt is right: RBI’s idle, excess reserve can reduce public debt & improve India’s rating

Every government would benefit from a lower level of debt.

OnCamera

PM Narendra Modi

India-Pakistan face-off over Pulwama is Narendra Modi’s biggest foreign policy challenge

New Delhi can pat itself on the back for persuading Saudi crown prince Mohammed bin Salman to not fly directly from Pakistan.
shiv sena

Is pact with Shiv Sena sign of BJP’s desperation or smart manoeuvring ahead of elections?

The BJP and the Shiv Sena will contest the Lok Sabha and the Maharashtra assembly election in alliance. The BJP is also forming an alliance with AIADMK in Tamil Nadu.

Defence

Andaman and Nicobar Islands

7 islands in Lakshadweep and Andamans identified for seaplane operations 

Private sector participation was also invited for tourism-based projects in two archipelagos in the region. 
National Interest

Suicidal Pakistan should know Modi may not be scared of its nuclear button

Pakistan has taken too much of a chance with Pulwama — with the wrong government in India, and at the wrong time.