RBI favours a ‘credible consolidation plan’ with specific action points to reduce the Centre’s debt and deficit levels. It adds states may need to cut growth-giving capital expenditure.
When the committee was announced as part of RBI’s loan restructuring plan, banks were under the impression it would suggest norms for retail and corporate loans.
RBI deputy governor post has been lying vacant since N.S. Vishwanathan retired on 31 March. He was in charge of portfolios including banking regulation.
Sound health of NBFCs is vital because they form backbone of Indian economy in lending to wide range of borrowers from small merchants to business giants.
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.
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.
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