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.
When Israelis pushed out Arabs in 1948, they didn’t think that embittered refugees would turn into a permanent threat to their new state. This was a catastrophic miscalculation.
ISKP, a sub-continental branch of the Islamic State, is said to have vowed to extend operations in Kashmir, on encouragement from Pakistan’s security establishment.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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.