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.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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