S. Gurumurthy, Modi govt's nominee on RBI board, may be key to whether a compromise can be found or whether already ugly public spat turns even uglier.
According to Ravindra Dholakia, new GDP series showed higher growth rate because corporate financial data was used for estimating manufacturing value added.
Inflation has been rising steeply, as it peaked at 5% in June, especially in the backdrop of a weak rupee and higher oil prices, India’s primary import commodity.
Indian judiciary has a corrosive imbalance between the bar and the bench. Those who supervise the district judiciary do so without the lived experience that is essential for meaningful reform.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Bond yields are hardening. Not sure how much of an elixir a single 25 basis points cut can prove to be for the economy. If this is followed by a Delivered as Desired report from Dr Bimal Jalan, followed by a swift transfer of RBI’s reserves to the government, that would create the impression that the RBI is now a part of the finance ministry.
Bond yields are hardening. Not sure how much of an elixir a single 25 basis points cut can prove to be for the economy. If this is followed by a Delivered as Desired report from Dr Bimal Jalan, followed by a swift transfer of RBI’s reserves to the government, that would create the impression that the RBI is now a part of the finance ministry.