With the economy facing a slowdown, the Reserve Bank of India Wednesday cut the repo rate by 35 basis points in its fourth consecutive policy rate cut this year.
The IMF urged central bankers and other policy makers to be ready with more stimulus if a global economy already slowed by a trade war downshifts significantly further.
The union budget has to be presented in July, giving the new finance minister a very short time to take key decisions on taxes, expenditure and borrowing.
There’s a pattern in Hyderabad’s F&B scene: new ventures run very well for the first three to six months. The real test for these supper clubs begins now.
The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Promoting growth is not the RBI’s primary responsibility. As someone who was on TV almost each evening after 8 November 2016, Governor Das is aware of what set off the downward spiral in the economy. The repo rate is down to 5.4%. Unclear how much further it can go. The RBI should study the graph of household savings, which feed the credit cycle. Britannia – what Shri Shivam Vij calls Slow Moving Consumer Goods – is selling fewer packs of biscuits. Amidst this desolate wasteland, what is the traction that a final rate cut of 35 basis points will have on the real economy, whether its slowdown is structural or cyclical.
Promoting growth is not the RBI’s primary responsibility. As someone who was on TV almost each evening after 8 November 2016, Governor Das is aware of what set off the downward spiral in the economy. The repo rate is down to 5.4%. Unclear how much further it can go. The RBI should study the graph of household savings, which feed the credit cycle. Britannia – what Shri Shivam Vij calls Slow Moving Consumer Goods – is selling fewer packs of biscuits. Amidst this desolate wasteland, what is the traction that a final rate cut of 35 basis points will have on the real economy, whether its slowdown is structural or cyclical.