The RBI has cut key policy rates by 25 basis points in the central bank's third consecutive rate cut, which comes amid slow growth for the fourth consecutive quarter.
The Indian rupee tumbled the most in three months after RBI lowered the repurchase rate but refrained from shifting to a more easy stance on monetary policy.
The Indian planning system did not encourage individuals based on ‘what they knew’, but on ‘whom they knew’. Many left for countries that recognised their talent.
The new law, which the government has framed as a moral duty, forced major platforms like Dream11 & Zupee to shut operations, wiping out hundreds of crores in market capitalisation.
Joint Doctrine for Special Forces Operations, released Wednesday, also outlines plans for the future expansion of AFSOD and the creation of Joint Service Training Institutes.
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.
As part of a much larger initiative to restore the economy to health, rate cuts might do some good. However, if no meaningful reforms are contemplated, the RBI dutifully cutting rates – amidst a drought of liquidity – is as effective as pushing a string.
As part of a much larger initiative to restore the economy to health, rate cuts might do some good. However, if no meaningful reforms are contemplated, the RBI dutifully cutting rates – amidst a drought of liquidity – is as effective as pushing a string.