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.
Traders said the market was awaiting specific steps to shore up liquidity and address the crisis of confidence in the troubled Non Banking Financial Company (NBFC) sector.
Delhi must see opportunity in the new envoy, to be prepared for hurdles, yet be forward-looking and free of preconceived notions that could spoil any chances of a breakthrough.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
Muted inflation was the only silver lining. The RBI should stay ahead of the curve in dealing with this spike.