Former RBI governor Y.V. Reddy says while states have no option but to stick to fiscal deficit plans, Centre can deviate as it has power to print currency to bridge deficit.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Soon those coloured pieces of paper become worthless. India has transitioned to a low inflation economy with great difficulty. That is a requirement for lower interest rates and growth. Also to protect the financial savings of households. Reckless advice should not be on offer.
Soon those coloured pieces of paper become worthless. India has transitioned to a low inflation economy with great difficulty. That is a requirement for lower interest rates and growth. Also to protect the financial savings of households. Reckless advice should not be on offer.