Goldman Sachs & Citigroup lowered growth projections to 6% for FY20, while Oxford Economics said there’s a risk the expansion could be weaker than that.
It is hard to recall another week under Modi that has been as packed with economic policy pronouncements. But it’s a long haul before narrative really changes.
The transfer of surplus and excess capital is the right step, but the problem should not be left ambiguous in law. Parliament must debate and amend RBI Act.
Bad news is suddenly pouring down on the economy & RBI is coming to govt’s rescue without running any immediate risk of exposure to its own credibility.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
COMMENTS