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.
For a stable Nepal, the way forward lies in strengthening democratic institutions, ensuring political stability through inclusive dialogue, and upholding the rule of law.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
Indian politicians want to grow with socialism, and 100 years for every court case disposal.