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.
Viral Acharya, in an interview with ThePrint, says his and Urjit Patel’s dissent, resistance and exits from RBI limited the damage that could have been inflicted on financial stability.
In an interview with ThePrint, Assocham president Niranjan Hiranandani says RBI should also look at a one-time loan restructuring to prevent a banking system collapse.
In his book released Friday, Patel also wrote that governments use state-owned banks to pump-prime the economy during slowdowns and are unlikely to let go of this instrument.
RBI Governor Raghuram Rajan also cautioned that corporations, households and governments will have enormous levels of debt as they move out of the pandemic.
With gradual resumption of supply chains, inflation may come down. Data has also been limited by the lockdown, so the MPC should wait before changing rates.
Speaking at a virtual session, Sitharaman also said the agricultural sector is driving the economic revival, and that all sectors in India are open to the private sector.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
what r b i can do with corona virus lingering and people not seeing much of revival during the year. till cinfidence of people comes back economy revival will be slow. it is fact and has to be faced by all.
what r b i can do with corona virus lingering and people not seeing much of revival during the year. till cinfidence of people comes back economy revival will be slow. it is fact and has to be faced by all.