In hard-hitting column in The Hindu, former PM Manmohan Singh says 'palpable climate of fear' is stifling economic growth & could end up causing stagflation.
Central banks delivered more than 700 interest rate cuts over the last decade but investors fear keeping rates too low for too long could sap rather than spur growth.
Govt data said inflation in food items dropped to 6.15 % in July from 6.98 % in the previous month, while retail inflation in July fell to 3.15% from 3.18% in June.
RBI’s clear messaging & rate-cut path offer a lesson to peers. There’s no point targeting inflation if growth is waning & the thing you’re aiming at is dormant.
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.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
For once in life, people of this country are grateful to Dr\.Manmohan Singh who may not have won so many votes as the present Prime Minister but who certainly knows a thing or two about this country’s economy. It would be in the fitness of things if Mr .Modi , who is always ready with a speech with every possible occasion,responds to Dr.Singh. From present Prime Minister to the former Prime Minister.Sounds fantastic !.
When the good doctor puts on his stethoscope, we should listen carefully to what his prognosis is. Even to someone lacking his vast knowledge and experience of economics, it is clear that the heartbeat is growing faint and irregular. Hopefully what is required is not a stent or bypass surgery but a better diet and lots of exercise.
For once in life, people of this country are grateful to Dr\.Manmohan Singh who may not have won so many votes as the present Prime Minister but who certainly knows a thing or two about this country’s economy. It would be in the fitness of things if Mr .Modi , who is always ready with a speech with every possible occasion,responds to Dr.Singh. From present Prime Minister to the former Prime Minister.Sounds fantastic !.
When the good doctor puts on his stethoscope, we should listen carefully to what his prognosis is. Even to someone lacking his vast knowledge and experience of economics, it is clear that the heartbeat is growing faint and irregular. Hopefully what is required is not a stent or bypass surgery but a better diet and lots of exercise.