RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority.
With a decline in new Covid cases and gradual unlocking, demand will mend in the next few months. Some weekly indicators are already signalling a pick-up in economic activity.
Current lockdowns, fear & uncertainty are driving down growth, but with second wave slowing, there’s hope that economic activity will improve in next quarter.
Indian economy is expected to do better than last year, but growth could be 11% or even lower, compared to the pre-2nd wave projections of 13% and above.
RBI’s relief steps are centred on small borrowers and entities in unorganised sector. Credit needs of the healthcare sector are addressed too. Implementation now holds the key.
In the new phase starting 1 May, both demand and supply aren’t Centre controlled — any adult can choose to get vaccinated, and all states and institutions are allowed to buy vaccines.
At current vaccination pace, India would’ve taken 2 years to cover the entire population. New vaccines can speed up that process, and provide other benefits too.
New G-SAP tool is RBI’s way of keeping govt’s interest burden low. But amid inflation concerns, it also has to raise interest rates to prevent price rise.
On 29 July 1969, Prime Minister Indira Gandhi delivered a speech in Lok Sabha on the nationalisation of 14 banks, saying the move was 'totally justified to ensure that hopes and aspirations of millions of our people are not sacrificed'.
This year, govt announced that 2nd and not 3rd revised estimates would be final. Here’s inside story on how this was achieved without compromising on quality of data.
Extension of Gen Pande’s tenure comes amid intense speculation. He will now serve as Army Chief until 30 June even as the extension goes beyond his normal age of superannuation.
Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?
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