The finance ministry is keen to use the transfer to cut its budgeted borrowings, although it’s yet to make a final decision on how to spend the amount.
Bad news is suddenly pouring down on the economy & RBI is coming to govt’s rescue without running any immediate risk of exposure to its own credibility.
The RBI Monday announced it was transferring Rs 1.76 lakh crore from its surplus reserves, a move, Rahul Gandhi said, showed the PM and FM are clueless about how to solve the economic disaster.
The transfer of dividend and surplus capital, as recommended by a panel headed by former RBI governor Bimal Jalan, could be a timely boost for the govt, which is dealing with a rapidly slowing economy.
Central bank watchers battling to predict RBI policy makers’ next move have another thing to contend with — words from the mid-18th century and Voltaire.
Shaktikanta Das said the move by some banks, such as SBI, to link their lending rates to the benchmark repo rate is 'encouraging' but expects borrowing costs to move lower faster.
BJP had leaders like Modi, Chouhan, Raje, Raman Singh, BSY, and Dhumal who kept the party’s flame burning. Those promoted by Modi-Shah in the last 10 years fail to inspire confidence.
Extreme weather events have impacted 50% of corporate respondents to a recent survey. This underlines the importance of significant action now to increase climate resilience.
Lakhs of people were stranded at beach in heat as crowd control measures apparently failed. At least 14 lakh people were in attendance though police had expected around 10 lakh.
How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?
Shekhar ji has habit of seeing things with particular spects. Wah Shekhar ji, Wah Modi, Wah Das. One should learn to give correct picture.