RBI Governor Shaktikanta Das says fiscal authorities are ready to limit fallout on ongoing recovery, but focus should be on containing virus and boosting economic revival.
RBI Governor Shaktikanta Das says the MPC is of the view that it is important to revive growth on a durable basis while ensuring inflation remains within the targeted levels.
Barring a second wave, India stands poised to shrug off the deathly grip of the virus and renew its tryst with its pre-Covid growth trajectory, says RBI Governor Das.
RBI expects headline inflation to remain elevated in the second quarter of 2020-21. It also sees real GDP shrinking in the first half as well as the full year.
CPI-based inflation has remained over 6% for last 2 quarters. With NPAs also expected to rise significantly, RBI could focus on financial stability this time.
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.
Driving an electric vehicle for months, the Hyundai IONIQ5, BMW iX and now the Kia Carens Clavis electric, has convinced me of the viability of EVs for city and mid-range commutes.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
Why the hell covid cases are largely started from the night called shabbebaraath of muslims , where were the cases till you all Hindus have enjoyed till shivratri , no blady rules on their people , but as Ramadan is near the unnecessary politics were stared by this bullshit rulers , which is totally unfair.
Why the hell covid cases are largely started from the night called shabbebaraath of muslims , where were the cases till you all Hindus have enjoyed till shivratri , no blady rules on their people , but as Ramadan is near the unnecessary politics were stared by this bullshit rulers , which is totally unfair.