Tuesday, 9 August, 2022

Topic: RBI

‘Scapegoat’ or mastermind of 1992 scam? Harshad Mehta’s fall from grace still haunts family

Harshad Mehta’s wife Jyoti has launched a website in her late husband’s name, to publicly share the ‘harassment’ their family is being subjected to.

53 years since Indira’s bank nationalisation ordinance, a push for privatisation under Modi

Over half a century since Indira Gandhi nationalised 14 public sector banks, move still evokes sharp divisions, with some criticising it as a failure and others hailing it as a landmark  decision.

Rupee ‘holding up well’ compared to market peers & advanced economies, says RBI governor

Shaktikanta Das also said the RBI has been supplying US dollars to the market to ensure adequate supply of liquidity, days after rupee touched 80 against the dollar.

Rupee’s fall to 80/dollar will impact twin deficits. But here’s why you shouldn’t panic

India’s macroeconomic fundamentals continue to remain strong. Going forward, the recent moderation in the international commodity prices should slow down the slump.

Indian businesses have become optimistic after RBI’s repo rate hike, IIM-A survey finds

IIM-A’s Business Inflation Expectations Survey for May, which was released Tuesday, was based on responses from around 1,000 companies.

RBI’s forex focus is a good start. It must be followed by more fundamental reforms

RBI hopes to boost forex inflows and stem rupee slump. But rupee likely to remain under pressure amid tighter global financial conditions & interest rate hikes by US Fed.

You thought inflation’s high in India? Data shows at least 100 countries doing worse

Lebanon faces worst inflation rate in the world, followed by Zimbabwe and Sudan, according to 'Trading Economics', which sources data from governments.

Why the rupee’s ‘record low’ is not necessarily a cause for concern

What ‘strong currency’ policy framers ignore is that almost every nation with a successful long-term record of development has pursued a ‘weak currency’ policy to win export markets.

Freebies, bailouts, revival of pension scheme — why many states are at risk of fiscal stress

Power sector reforms, preventing leakages in subsidies payments and avoiding fiscally unwise decisions like reversion to old pension system can help improve their financial health.

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

On Camera


Ministry of Defence headquarters | Representational image | Commons

SPARSH will make defence pension digital, but problems won’t disappear. Ask pensioners

Failure to implement revised OROP and go for SPARSH should ring alarm bells for defence minister. And it won’t be ‘minimum govt, maximum governance’.
Representational image | Rupixen/Unsplash

‘We are cracking down’— how Modi govt plans to make it tougher for states to fund freebies

The Narendra Modi government is looking at ways to check states’ spending on handouts like free electricity and rations. The first step is to tighten the noose on state borrowings.


First batch of women cadets to join NDA

First batch of 19 women cadets join NDA, set to begin training this week

The cadets will train for three years at NDA, Khadakwasla for the 148th course. The Supreme Court last year paved the way for women to take the NDA test for the first time.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.