Investors are concerned about the impact of an NBFC collapse on the wider sector and a funding crunch in an economy where growth has slowed to a six-year-low.
Inflation is expected to stay below 4% for next 12 months, price stability is maintained & this gives room for rate cut when growth has slowed, Das says.
When Modi govt came to power, LIC’s cumulative investment in public sector was Rs 11.9 lakh crore. At the end of FY 2018-19, it jumped to Rs 22.6 lakh crore.
According to govt data, the increase in prices of certain food items was partially neutralised by static prices of manufactured goods during August 2019.
Govt official says there is no traction on the proposal as of now. This comes after several economists, including PMEAC members, vociferously oppose move.
In its annual report, the RBI said currency in circulation soared to Rs 21.10 lakh crore as of March 2019, with the Rs 500 bill accounting for over 51% of the value of currency.
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.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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