Reserve Bank governor Shaktikanta Das said the monetary transmission is expected to improve with the linking of loan pricing to external benchmark system, which banks have adopted now.
The US Fed last month cut interest rates for a third time this year, citing a combination of trade-policy uncertainty, slowing global growth & below-target inflation.
Now would be a good time for the govt to revisit the sovereign bonds sale as the corporate tax cut sent the benchmark bond yield surging the most since February 2017.
Goldman Sachs & Citigroup lowered growth projections to 6% for FY20, while Oxford Economics said there’s a risk the expansion could be weaker than that.
With the economy facing a slowdown, the Reserve Bank of India Wednesday cut the repo rate by 35 basis points in its fourth consecutive policy rate cut this year.
Through film, textile, scent, sound, and gesture, spectators are invited to descend into an immersive environment where inherited knowledge seeps through material and form.
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.
COMMENTS