The debate between two MPC members is sharpening focus on India’s rate outlook when RBI is trying to keep borrowing costs low without further stoking inflation.
Surveys suggest households' median inflation expectations over a one-year period remained elevated at 10.3%, while consumer confidence has fallen to an all-time low.
Barring a second wave, India stands poised to shrug off the deathly grip of the virus and renew its tryst with its pre-Covid growth trajectory, says RBI Governor Das.
Perception that RBI was cutting dollar purchases was accentuated by comment from policy makers that appreciating rupee had helped tackle imported inflation.
RBI has to answer to Parliament if it misses the inflation target for three quarters. Inflation has stayed above 6% for two quarters now, with a third likely.
The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.
Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
Terrible idea. Neither pretty nor chaste. Inflating our troubles away. All over the world, nothing melts a government’s popularity faster than high inflation. Also the start of Mrs Gandhi’s troubles.
Terrible idea. Neither pretty nor chaste. Inflating our troubles away. All over the world, nothing melts a government’s popularity faster than high inflation. Also the start of Mrs Gandhi’s troubles.