In his statement, RBI governor Shaktikanta Das said inflation will remain high in the first half of the fiscal, but will stay below the 4% target later.
The government has been very supportive of the NBFC sector. All it needs is to take other public institutions along and ensure no loss of intent in execution.
The statistics office didn't publish a complete set of data for consumer and wholesale prices, saying it wasn’t able to conduct all the necessary fieldwork.
Banks parked Rs 8 lakh crore per day last week, worried about rise in bad debts and with lack of credit demand from borrowers due to uncertainty triggered by the pandemic.
Larger govt spending will ignite demand, and it will not add to inflationary pressures in these times, irrespective of the way it is financed, said Rajan.
The positive momentum strengthened as RBI announced liquidity facility of Rs 50,000 crore for mutual funds aiming to ease liquidity pressures on mutual funds.
India's debt markets have been reeling under the coronavirus lockdown, prompting risk-averse investors to dump assets and worsening liquidity in some corporate bond trading.
While the "establishment" has enjoyed a large share of power, last week's constitutional amendments gave Army chief Asim Munir additional powers and lifelong immunity from prosecution.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Wrong call.
Sacking of RBI governor Shaktikanta Das is now over due. Gov should get rid of this incompetent office immediately..