Modi govt’s expansionary budget is bound to pose a challenge for RBI Governor Shaktikanta Das, who’s chairing his first Monetary Policy Committee meeting.
Slew of measures in budget will cost exchequer over Rs 94,000 cr, for which govt is banking on higher RBI surplus, better disinvestment and corporate tax.
There are speculations that Modi’s fiscal plan includes a cash transfer program for farmers, support for small businesses and some reprieve for taxpayers.
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.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
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.
Bond yields are hardening. Not sure how much of an elixir a single 25 basis points cut can prove to be for the economy. If this is followed by a Delivered as Desired report from Dr Bimal Jalan, followed by a swift transfer of RBI’s reserves to the government, that would create the impression that the RBI is now a part of the finance ministry.
Bond yields are hardening. Not sure how much of an elixir a single 25 basis points cut can prove to be for the economy. If this is followed by a Delivered as Desired report from Dr Bimal Jalan, followed by a swift transfer of RBI’s reserves to the government, that would create the impression that the RBI is now a part of the finance ministry.