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Revival in demand & business activity push Indian economy’s animal spirits up in September

Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.
The Reserve Bank of India (RBI) logo | Vivek Prakash | Bloomberg

RBI’s MPC is now decidedly more dovish, the consensus on ‘lower for longer’ rates is proof

Markets expects further interest rate cuts as the monetary policy committee of RBI sees inflationary pressure to ease.
A file photo of Jharkhand Chief Minister Hemant Soren. | Photo: ANI

‘Entire India could plunge into darkness’ — Soren warns of coal blockade after row with Centre

Soren targets Centre for its decision to deduct Rs 1,417-cr electricity dues from Jharkhand’s account with RBI, warns against taking ‘undue advantage’ of state's 'tolerance'.
File photo of Raghuram Rajan

Demonetisation, GST, lockdown sans relief dealt body blow to Indian economy — Raghuram Rajan

At ThePrint's OTC, the former RBI governor said if huge levels of debt and financial distress hold back the economy, it will be a lost decade for growth.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI’s truce with bond market at risk as Modi govt ramps up borrowing

Govt will raise an extra Rs 1.1 trillion via sales of three- and five-year bonds. The announcement comes just a week after RBI managed to damp tension with bond traders.
The Reserve Bank of India (RBI) logo | Vivek Prakash | Bloomberg

RBI must see the problem right — credit demand, not credit supply is the concern

The RBI has assured both the market and government of creating comfortable liquidity conditions so that private and government borrowing are not hampered.
An employee counts Indian rupee banknotes at a Walmart Inc. Best Price Modern Wholesale store in Hyderabad, India, on 16 March 2019 (Representational Image) | Photo: Dhiraj Singh | Bloomberg

Your credit score won’t be impacted if you opt for loan restructuring. Here is why

Credit history only after debt recast would be taken into account for new loans. Banks will allow recast only if income impacted between February and August.
Representational image of Union finance ministry | ANI

Govt open to announcing more measures to boost demand, finance ministry says

Govt has been stressing on the need for a fiscally prudent approach at a time when economists have suggested the Centre should increase spending to revive the economy.

PM Modi’s multitasking turbines and how the watchdogs are only chasing TRPs

The best cartoons of the day, chosen by the editors at ThePrint.
RBI Governor Shakikanta Das speaks Friday | Photo: ANI

From Tolstoy to cricketing analogy – how RBI governor is trying to demystify central banking

RBI governor Shaktikanta Das Friday used cricketing analogies to describe how certain sectors of the economy are expected to play out.

On Camera

Why French President Macron’s clash of civilisations with Islam is misguided

Macron seems oblivious to a deepening problem at home: The old French model, which claimed to be superior to all social systems, is unsuited to an increasingly multi-ethnic society.

Revival in demand & business activity push Indian economy’s animal spirits up in September

Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.

Defence

Defence Minister Rajnath Singh addressing the biannual Army Commanders Conference in New Delhi Wednesday | Indian Army

China lacks ‘honest intent’, be prepared for any eventuality, Rajnath Singh tells Army

Speaking in Delhi, the Defence Minister told military commanders that the government will strongly back reforms in the armed forces including setting up of theatre commands.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.