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File image of the Supreme Court of India | Photo: Manisha Mondal | ThePrint

SC issues notice to RBI, govt on plea seeking interest waiver during loan moratorium

The petition stated that RBI's decision to delay EMI payments but allow interest liabilities to accrue during the loan moratorium would negate the relief provided.
File photo of S. Gurumurthy | Facebook

India should monetise deficit to rebuild economy after Covid: RBI board member Gurumurthy

S. Gurumurthy’s statement comes at a time when many economists expect govt to borrow directly from RBI, because of rising expenditure and falling tax revenues.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI seen coming out of ‘stealth’ mode to vacuum up govt debt

RBI hasn’t directly bought sovereign debt since a law barring the practice came into effect in April 2006. It’s expected to abandon that austerity now.
Indian banknotes (representational image) | File photo: Bloomberg

With lockdown exit uncertain, ‘inflation tax’ can help govt care for those without savings

Printing money, a last resort in financing the deficit, can help move resources from those with some existing savings to those with no existing savings.
A pedestrian walks past the Bombay Stock Exchange (BSE) building in Mumbai

India’s appeal to foreign investors will depend on how it tackles Covid-19 crisis

If India demonstrates ability to contain Covid-19 & manage socio-economic implications, foreign investors will be interested in investing long-term.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

India’s forex reserves plunge the most in 8 years as RBI defends the rupee

India’s forex reserves fell by $5.35 billion to $481.9 billion in the week ended 13 March, the most since November 2011 when the hoard dropped $5.7 billion.
farmers

These are the pros and cons of the rupee falling to 75 a dollar

In the last one month, the rupee has depreciated by nearly 5 per cent against the dollar but this is unlikely to cause any challenge on the external sector front.
Yes bank

India should use Yes Bank debacle to launch official rupee cryptocurrency

If RBI doesn’t make digital rupees available, people could end up storing their wealth in Silicon Valley-sponsored tokenized money or Beijing’s digital yuan.
Shiv Sena President Uddhav Thackeray

Maharashtra govt to shift accounts from private to PSU banks, ICICI Bank among losers

Thackeray govt asks all its departments to shift from cooperative and private banks to nationalised ones, disregarding RBI’s advice this week.

On Camera

‘We bring it to you first’. How Pakistan TV news sensationalised the tragic PIA flight crash

Journalists could be seen screaming into microphones that they had recorded footage of all injured and dead in the plane crash, so that ‘we can bring it to you first’.

Stray trains: Poor planning by Indian Railways or overwhelming load on some routes?

The Indian Railways reacted to the controversy over ‘stray trains’ by calling it “route rationalisation” of Shramik Specials, which are meant to ferry migrant workers back home.

Defence

Representational image of Chinese soldiers

India waits for China’s diplomatic words to ‘translate into action on ground’ at LAC in Ladakh

Chinese diplomats said Wednesday situation at the border with India is ‘overall stable and controllable’, and that the countries must ‘enhance mutual trust’.
Illustration: Soham Sen | ThePrint

PM, CM, DM: India’s 3 big power centres have been exposed by one disaster

The prime minister, chief minister and district magistrate are the three engines of India’s governance, but their handling of the coronavirus pandemic is going awry.