A stunted middle class may be a direct result of extreme inequality. Folks at the top don’t see teeming masses as a meaningful market, except for utilities, soap, short videos, and personal loans.
Based on inflation figures for the last three months, RBI is expected to look for confirmatory evidence that can mark the beginning of a sustained decline in core inflation.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
If the government wishes to use this transfer of reserves to pay down the public debt, wonderful. Transfer all of it tomorrow morning. What is actually happening is that reserves built up over the tenures of several Governors and governments in Delhi are sought to be burnt through in a couple of years, to cover humongous revenue deficits. 2. The RBI’s reserves – even assuming they are excessively large – are a national resource / asset, like the corpus of Harvard. Meant in fact to be added to, not fed into a fiscal afterburner. 2024 mein kya karenge, which depleted aquifers will we drill desperately into …
If the government wishes to use this transfer of reserves to pay down the public debt, wonderful. Transfer all of it tomorrow morning. What is actually happening is that reserves built up over the tenures of several Governors and governments in Delhi are sought to be burnt through in a couple of years, to cover humongous revenue deficits. 2. The RBI’s reserves – even assuming they are excessively large – are a national resource / asset, like the corpus of Harvard. Meant in fact to be added to, not fed into a fiscal afterburner. 2024 mein kya karenge, which depleted aquifers will we drill desperately into …