RBI Governor Shaktikanta Das said that while slowing growth was a concern, the next quarters would look better. Inflation, though, is a more immediate concern & would ease only in Q4.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
When the regulator clearly articulates the principles it has applied, other regulated entities in similar situations get informed on what is acceptable and what isn’t.
Shaktikanta Das said the central bank was not ‘behind the curve’ in terms of monetary policy & would base its decisions on incoming data and the outlook on inflation.
Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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