RBI must work towards better transmission mechanism, for which India needs deep & liquid bond market, competitive banking sector & regulatory framework.
While RBI Governor Shaktikanta Das led the previous monetary policy committee in cutting rates by 115 basis points, he’s taken a more cautious approach recently as consumer prices spiked.
The RBI’s oversight framework, coupled with localisation of payments data, can seriously deter the capacity of the digital payment sector in detecting frauds and ensuring the security of the user in the digital payment ecosystem.
With no govt-led resolution plan yet, crisis-ridden Lakshmi Vilas Bank could get institutional investor support to raise fund. LIC, Aditya Birla Sun Life Insurance, Indiabulls are among its investors.
In the last week, cash-strapped Lakshmi Vilas Bank has seen shareholders vote out its top management, raising concerns over the proposed merger deal with Clix Capital.
The current account surplus stood at $0.6 billion in the March quarter while there was a current account deficit of $15 billion in the year-ago period.
Horizon 2047 signed during Modi's visit to France in July 2023 and the defence industrial roadmap during Macron’s visit to India in January 2024 guide the strategic bonhomie between the two countries.
In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
I am glad that contrary to the opinions of doomsday prophets who hoped to see India’s economy spiriling down, she gives us room for optimism. Banks should be slightly more liberal with the depositors. People depending on interest income are hurting. Present Monetary Policy is working like the proverbial “Rob Peter and Pay Paul”. This must change.
Ila ji’s columns and Ilanomics videos on youtube are absolutely great. No noise, pure economics and good one at that. Doesn’t shy away from saying what needs to be said, esp about PSUs and PSBs while using as much data as possible.
Coming to the article, going by the title i thought Ila ji would dive deep into the issue of India’s bond market. But this article has been largely about whether or not another rate cut would help since there’s no much transmission due to various reasons.
I request Ila ji to write in detail about what ails India’s bond markets for one full column atleast. And what she thinks needs to be done. It’d be of great help.
I am glad that contrary to the opinions of doomsday prophets who hoped to see India’s economy spiriling down, she gives us room for optimism. Banks should be slightly more liberal with the depositors. People depending on interest income are hurting. Present Monetary Policy is working like the proverbial “Rob Peter and Pay Paul”. This must change.
Ila ji’s columns and Ilanomics videos on youtube are absolutely great. No noise, pure economics and good one at that. Doesn’t shy away from saying what needs to be said, esp about PSUs and PSBs while using as much data as possible.
Coming to the article, going by the title i thought Ila ji would dive deep into the issue of India’s bond market. But this article has been largely about whether or not another rate cut would help since there’s no much transmission due to various reasons.
I request Ila ji to write in detail about what ails India’s bond markets for one full column atleast. And what she thinks needs to be done. It’d be of great help.