On a panel at Kautilya Economic Conclave in Delhi, the ex-Solicitor General of India spoke on need for judicial reforms, noting need for economic growth 'to be true to Constitution'.
Modi govt has been handpicking ex-IAS officers to helm & anchor key policy & administration. This trend started in the first term of the govt but has become more prominent over 11 yrs.
RBI Governor Shaktikanta Das said that while slowing growth was a concern, the next quarters would look better. Inflation, though, is a more immediate concern & would ease only in Q4.
Shaktikanta Das said the central bank was not ‘behind the curve’ in terms of monetary policy & would base its decisions on incoming data and the outlook on inflation.
Heavy reliance on AI could lead to concentration risks, thereby amplifying systemic risks as failures or disruptions in these systems may cascade across financial sector, Shaktikanta Das said.
Change in stance signals possibility of rate cuts, potentially as early as December, depending on inflation trends & global economy. Growth projection for FY 2024-25 retained at 7.2%.
Shaktikanta Das' remarks come after Economic Survey said private sector wasn't investing enough in productive areas & Sitharaman highlighted its 'big role' in making India developed nation.
The wealthy float above the crisis—insulated in air-purified cars, weekend getaways at farmhouses, and vacations timed perfectly to coincide with Delhi’s worst weeks.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Indian politicians want to grow with socialism, and 100 years for every court case disposal.