The Union government’s fiscal discipline has not been matched by state fiscal discipline, thanks to the tendency to promise unconditional freebies to the electorate.
The repo rate cut should be interpreted as a pre-emptive measure to create a buffer, ensuring that the economy enters the forthcoming year with adequate liquidity.
For India, this is not an opportunity for schadenfreude but rather a reflection of shared responsibility. It's what happens when the governance framework underpinning economic growth is weakened.
RBI lifted ceiling on interchange fee on ATM withdrawals through circular issued Friday. Interchange fee is amount one bank pays another to facilitate ATM transactions.
RBI Monetary Policy Committee member Ram Singh says Budget 2025 provides opportunity for govt to show it is doing its part to address growth-inflation dynamics.
In its first advance estimates for the current financial year, govt predicts growth to be slower than RBI’s prediction of 6.6% & much lower than 8.2% seen in FY24.
China and India are home to 1.2 billion young people. They’re the pioneers in advancing the rejuvenation of the Chinese nation and realising the vision of ‘Viksit Bharat 2047’.
The countries signed a memorandum for co-development of UNICORN masts in November 2024. India has been second Asian nation to have such an agreement with Tokyo, after Philippines.
Some years ago, a lot of interest was taken in India’s ranking in the World Bank’s Ease of doing business index. Not heard of much nowadays. The fact remains that small and medium enterprises continue to face a regulatory maze, struggle with compliances. At the upper reaches of business, it is not a level playing field. Serious foreign investors are remarkably well informed about the environment for business.
Some years ago, a lot of interest was taken in India’s ranking in the World Bank’s Ease of doing business index. Not heard of much nowadays. The fact remains that small and medium enterprises continue to face a regulatory maze, struggle with compliances. At the upper reaches of business, it is not a level playing field. Serious foreign investors are remarkably well informed about the environment for business.