Topic: Interest rate cut
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.
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.
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.
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.
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.
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.
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.
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
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.
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.