RBI must work towards better transmission mechanism, for which India needs deep & liquid bond market, competitive banking sector & regulatory framework.
While RBI Governor Shaktikanta Das led the previous monetary policy committee in cutting rates by 115 basis points, he’s taken a more cautious approach recently as consumer prices spiked.
The repo rate cut, the 5th in a year the economy has seen a slowdown, is aimed at pushing up consumption during festival season by lowering borrowing costs.
Bengalis are hurt over a statement by the Delhi police calling Bangla a ‘Bangladeshi language’ and the lines Azad sang have unwittingly become protest music in Kolkata now.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
No easy choices for the RBI. There is inherent tension between cutting rates to support growth and protecting the Rupee, which has fallen from 84 to 87 in just three months. Plus President Trump’s approach to tariffs will stoke inflation.
No easy choices for the RBI. There is inherent tension between cutting rates to support growth and protecting the Rupee, which has fallen from 84 to 87 in just three months. Plus President Trump’s approach to tariffs will stoke inflation.
disconnection from everyday life cannot be reflected better than this