Topic: RBI
Success of RBI’s rare $5 billion forex swap today expected to prompt an encore
In an unusual move, RBI will buy dollars from banks for three years & offer them rupees in return.
RBI delays implementing new accounting rules, preventing pile-up of bad bank loans
The new rules were supposed to kick in at the start of the new fiscal, after being delayed last year.
Markets reverse early gains after an 8-day winning run
The S&P BSE Sensex fell 0.6% to 38,164.61 at the close in Mumbai, its steepest decline since 26 February.
Top bond holders are trading central govt bonds for state govt debt
Lenders are earning extra returns of 100 basis points as some state govts are borrowing funds at as high as 8.4%.
RBI’s new boss Shaktikanta Das is stuck between a rock and a hard place
If the RBI keeps buying government bonds, it surrenders its power to teach the government a lesson in fiscal arithmetic.
Former IAS officer Shah Faesal to launch political party on Sunday
Shah Faesal, who resigned from the IAS in January, will launch his political outfit 'Jammu and Kashmir People's Movement' in Srinagar on Sunday.
Elections won’t stop economic reforms, says CEA K. Subramanian
Investors needn't worry about policy continuity because whichever party comes to power will have to continue economic reforms, Subramanian says.
Rupee’s advance seems to be causing some discomfort for RBI
The central bank has announced plans to hold a $5 billion foreign-exchange swap auction for a three-year tenor.
Low inflation gives RBI room to support economy, says former governor Bimal Jalan
Jalan says RBI should decide how much it can do to facilitate credit flow & investment in the economy, given global risks & elections at home.
Focus shifts to April rate cut as inflation quickens
Retail inflation rose to a four-month high of 2.57% in February, but stayed benign leading to calls for the RBI for lower interest rates.
Under Modi government, the PMGSY road scheme is connecting every last Indian
Beneficiaries of the programme from Manipur, Meghalaya and Odisha talk about how their lives were transformed thanks to the newly built roads.
Rahul Gandhi’s Rs 72,000 income pledge: Are populist freebies the only way to win elections?
Congress president Rahul Gandhi Monday pledged to give Rs 12,000 per month to every family in India if the Congress is voted to power in the 2019 elections.
Defence
India inducts Chinook helicopters, adds muscle to military along China border
Each Chinook helicopter can lift 45 soldiers, artillery guns or even light armoured vehicles to high altitudes. It can also fly through narrow mountain valleys.
Why Rahul Gandhi’s Congress is in danger of morphing into a clueless NGO
Congress has questions but no answers, ‘leaders’ but no winners. Weeks before polls, it’s behaving like a virtuous, anti-establishment NGO just doing its thing.