RBI has to answer to Parliament if it misses the inflation target for three quarters. Inflation has stayed above 6% for two quarters now, with a third likely.
RBI has implemented KV Kamath panel’s recommendations in totality, including parameters like high debt service coverage ratio and investment grade rating.
A bench led by Justice Ashok Bhushan issued the interim order while was hearing a batch of petitions seeking waiver of interest on deferred EMIs during the moratorium period.
RBI seeming to opt for a hands-off approach, which could lead to faster appreciation of rupee. On Tuesday, the currency posted its biggest single-day gain in 21 months.
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.
Two questions are pertinent: Why does the Trump administration keep making the same mistakes on the peace proposal? And what does a hurried peace plan mean on the ground?
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.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
Meanwhile, smart Gujaratis are quietly moving their assets to Switzerland, UK, Germany and so on … The next generation of Mehul Choksis, Nirav Modis, Lalit Modis are smarter than ever. And the likes of A.Raja are mere amateurs compared with the Gujarati wheeler dealers …
And meanwhile, the middle class continues to support the flawed, bigoted man who sígns their death warrants …
Meanwhile, smart Gujaratis are quietly moving their assets to Switzerland, UK, Germany and so on … The next generation of Mehul Choksis, Nirav Modis, Lalit Modis are smarter than ever. And the likes of A.Raja are mere amateurs compared with the Gujarati wheeler dealers …
And meanwhile, the middle class continues to support the flawed, bigoted man who sígns their death warrants …
This chai wala is bent on hell to destroy the common man.
Bound to be black money under the mattresses. We need another 8 pm address by Modi ji announcing next surgical strike of demonitization. Modi hai to….
Serious or joking!