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.
Airshows are thrilling spectacles of aviation skill and engineering marvels. But they carry inherent risks as the crew is pushing the aircraft, and themselves, to perform at the edges of the envelope.
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.
Wing Commander Namansh Syal is survived by his wife, their 6-year-old daughter and his mother. Back in his native village, relatives and neighbours wait for his remains for last rites.
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.
Ms Latha Venkatesh has tweeted that it was Dr Arvind Subramanian’s idea in 2016 that the RBI should transfer four trillion out of its reserves to the government. So both the hunger for resources and the slowdown go back in time to the year of Demonetisation. Once the seed of a Bad idea is sown, just a matter of time before the weeds appear.
What makes you think it is a bad idea when every country does it in the world?
Who created the slowdown ? 2. Two tweets from @churumuri ( Shri Krishna Prasad ), to give a snapshot of the real economy, from two widely separated parts of the country. 10,000 small units from the Peenyi Industrial estate near Bangalore, in the ICU, 12,00,000 lac jobs at risk. 3. In Kashmir, no PDS supplies since 5th August, no work for daily labourers, no release of development funds to Panchayats, the Bakerwals ( our precious child Asifa ) near starvation, the unharvested pear crop beginning to rot. 3. Someone should be minding the store.
Ms Latha Venkatesh has tweeted that it was Dr Arvind Subramanian’s idea in 2016 that the RBI should transfer four trillion out of its reserves to the government. So both the hunger for resources and the slowdown go back in time to the year of Demonetisation. Once the seed of a Bad idea is sown, just a matter of time before the weeds appear.
What makes you think it is a bad idea when every country does it in the world?
Who created the slowdown ? 2. Two tweets from @churumuri ( Shri Krishna Prasad ), to give a snapshot of the real economy, from two widely separated parts of the country. 10,000 small units from the Peenyi Industrial estate near Bangalore, in the ICU, 12,00,000 lac jobs at risk. 3. In Kashmir, no PDS supplies since 5th August, no work for daily labourers, no release of development funds to Panchayats, the Bakerwals ( our precious child Asifa ) near starvation, the unharvested pear crop beginning to rot. 3. Someone should be minding the store.