The repo rate cut should be interpreted as a pre-emptive measure to create a buffer, ensuring that the economy enters the forthcoming year with adequate liquidity.
An associate professor at NIPFP, Pandey was a macroeconomist with 20-plus years of experience in public policy and teaching, previously having taught at NLU Jodhpur.
The Modi govt shifted the burden of investing for growth from companies to the public sector. The share of government capital spending in GDP terms has doubled since 2014.
Development comes in the backdrop of Amit Shah chairing meeting to set up a dedicated body for the security of vessels and port facilities. It will be called Bureau of Port Security.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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