RBI’s regulatory measures to allow banks to lend more to some sectors may help revive credit for a quarter or so, but they don’t address fundamental issues.
After five rate cuts last year, inflation well above 2%-6% target & govt’s plans to widen its budget deficit, RBI expected to pause for a second meeting.
The RBI implemented a series of five consecutive rate cuts starting February this year by a cumulative 1.35%, a move, governor Shaktikanta Das says, had surprised markets early in the year.
RBI has already cut interest rates by 135 basis points in five moves this year & last week’s weak data gives it added reason to continue pushing for growth.
It would be a disservice to the women of Hassan to look at Prajwal Revanna’s alleged abuse of power as a ‘sex scandal’. Allegations against him show what ‘absolute power corrupts absolutely’ actually means.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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