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A hawker wears mask as prevention against coronavirus while selling Holi colours, at Chandni Chowk on 5 March

Interest rate cut to counter coronavirus could backfire for economies like India

Interest rate cuts could push emerging economies such as India into a quagmire of runaway inflation and currency weakness.
Commuters and pedestrians walk past the Chhatrapati Shivaji Terminus railway station in Mumbai (Representational image)

How India has become an economy facing stagflation from one that was a world-beater

At the heart of India’s problems is a slump in consumption following a combination of policy missteps. Now, stagflation is looming.
The RBI logo

RBI needs to take unconventional steps as rate cuts aren’t helping economy: Bond manager

RBI should pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, says IDFC AMC’s Suyash Choudhary.
File photo of people lining up outside an HDFC Bank ATM| Bloomberg

HDFC Bank sees signs of economy reviving in rural and semi-urban areas

Loan outreach programmes in rural areas have given the sense that consumption in rural & semi-urban areas is turning more positive, HDFC Bank says.
Illustration by Soham Sen | ThePrint

RBI’s 5th repo rate cut this year decade’s lowest, making home and auto loans cheaper

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.
A labourer at work in Mumbai | File Photo: Dhiraj Singh | Bloomberg

Growth, inflation, financial stability – issues to watch as RBI is set to cut rates today

While all 33 economists surveyed by Bloomberg News expect a reduction, their forecasts range from 20 basis points to 40 basis points.

On Camera

Illustration: Soham Sen | ThePrint

Modi govt is embracing some discarded Congress policies. But they won’t work even now

Policies like deficit monetisation, loan restructuring, higher tariffs and import licencing have been brought back to combat the economic fallout of Covid-19.
In Gujarat, BJP hopes to retain power in the name of ‘chief minister’ Narendra Modi

The Modi magnifier

PM Narendra Modi | ANI

If Modi wins on Sunday

According to the forecast, rupee will reach 67.5 per dollar by end of September and 67 by end of 2018 I Dhiraj Singh/Bloomberg

Offer cashback, relax KYC norms to check decline in remittances, suggests WEF paper

Remittances, or the money overseas citizens send back to their home country, are expected to contract 20% in 2020 on account of Covid-19, according to a World Bank report.

Defence

Women recruits at the Corps of Military Police Centre and School in Bengaluru

Army begins process to recruit second batch of 100 women soldiers for military police

Army intends to induct 1,700 women recruits in the military police by 2036, increasing the percentage of women in the cadre to 20 over 17 years.
Illustration: Soham Sen | ThePrint

Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version

Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.