Global media also reports on RBI's battle to protect the rupee from the Iran war fallout; shocks to India's macroeconomics and cooking gas sectors; and how the CBFC blocked an Oscar-nominated film.
Rupee had a major fall this week, led by strong US macro data, rising crude prices. China's currency moves, Japan’s possible rate hike & domestic growth concerns may maintain pressure.
Global media also highlights India’s growing military presence in the Indian Ocean, with recent naval manoeuvres and ongoing tensions with China shaping its strategic stance.
Global media also offers insight into why India is reaching out to the Taliban now, 3 years after Kabul fell & how Modi govt's 1st Kumbh is also the most politicised.
With Sanjay Malhotra at the helm, RBI could shift towards a more dovish monetary policy, but the conventional policy response of rate cuts will not be a given with rising pressure on rupee.
Central banks can intervene in forex market to influence exchange rate. Analysis by ThePrint shows RBI has been doing this for months, but last week saw rupee fall sharply nevertheless.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
July could be busiest month for India’s diplomatic establishment as Narendra Modi and S Jaishankar cover major power centres globally. The visits are aimed at outreach and outcome.
The policy offers higher allowances, larger grants and financial incentives for entrepreneurs to strengthen the startup ecosystem and create large-scale employment opportunities.
‘Security situation demands capabilities. The hum of machinery must become a roar,’ NATO chief Mark Rutte said as he announced 5 new military contracts. Drones and ISR take the lead.
The Congress party’s abandonment of nationalism is the most intriguing aspect of its post-2014 politics. The real Congress was never a party of bleeding heart pacifists.
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