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.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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.