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.
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.
I am glad that contrary to the opinions of doomsday prophets who hoped to see India’s economy spiriling down, she gives us room for optimism. Banks should be slightly more liberal with the depositors. People depending on interest income are hurting. Present Monetary Policy is working like the proverbial “Rob Peter and Pay Paul”. This must change.
Ila ji’s columns and Ilanomics videos on youtube are absolutely great. No noise, pure economics and good one at that. Doesn’t shy away from saying what needs to be said, esp about PSUs and PSBs while using as much data as possible.
Coming to the article, going by the title i thought Ila ji would dive deep into the issue of India’s bond market. But this article has been largely about whether or not another rate cut would help since there’s no much transmission due to various reasons.
I request Ila ji to write in detail about what ails India’s bond markets for one full column atleast. And what she thinks needs to be done. It’d be of great help.
I am glad that contrary to the opinions of doomsday prophets who hoped to see India’s economy spiriling down, she gives us room for optimism. Banks should be slightly more liberal with the depositors. People depending on interest income are hurting. Present Monetary Policy is working like the proverbial “Rob Peter and Pay Paul”. This must change.
Ila ji’s columns and Ilanomics videos on youtube are absolutely great. No noise, pure economics and good one at that. Doesn’t shy away from saying what needs to be said, esp about PSUs and PSBs while using as much data as possible.
Coming to the article, going by the title i thought Ila ji would dive deep into the issue of India’s bond market. But this article has been largely about whether or not another rate cut would help since there’s no much transmission due to various reasons.
I request Ila ji to write in detail about what ails India’s bond markets for one full column atleast. And what she thinks needs to be done. It’d be of great help.