The report points out that though the phase after 2014 has been labelled a period of rural distress, the gap between average growth in rural wages and rural inflation is not so significant.
The rupee is Asia’s worst performing currency this year, and it will be further affected by higher global crude oil prices. The central bank may need to act early to maintain macro-economic stability.
Crypto dealers are trying to identify institutions out of RBI’s purview, such as post offices, where money orders can be used to send and receive funds.
The disproportionate concentration of bad loans in the government owned banking system has a major role to play in the crisis that India is presently facing.
In the last 12 months alone, two poll-bound states, Karnataka and Rajasthan, have announced loan waivers, as have Uttar Pradesh, Maharashtra and Punjab.
India’s nearly $1.7 trillion formal banking sector is coping with $210 billion of problem loans, and some regional banks have been ensnared in fraud scandals.
Despite lowering inflation projections just two weeks ago, the tone of the minutes show the debate was veering toward a possible interest rate increase and...
Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.
The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.
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.
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