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.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
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.