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.
It is necessary to break the spell of socialist dogma on the imagination of those attracted by its Utopia as the only scientific way of progress, wrote MA Venkatarao in 1963.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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.