Insight into the intricate relationship between the Reserve Bank of India and the Central Government that is critical to markets and investor sentiment.
A sizeable proportion of transfer must take place this financial year, irrespective of the number of phases.
RBI broke the convention with four successive rate cuts but results will show when banks transmit rate cuts.
Now would be the best time to start deliberations on the MPC testifying before a parliamentary committee.
The renewed coordinated efforts of banks should be able to revive the muted consumer confidence.
Ex-CEA’s new claims tell us how our sarkari economists were blind men leading the economy down blind alleys.
To improve rate transmission, the NSSF must be wound down, and banks recapitalised quickly in this financial year.
Lower interest rates, and reduction in cost of capital will only boost business.
The RBI has made an effort to better articulate its forward view on interest rates to allay uncertainty.
The case for a sharp cut in interest rates has never been stronger.
RBI has to reinforce in its monetary policy reviews the importance of bank lending to stimulate growth.
Transmission from RBI policy rate to the lending rates for banks remains the big challenge in India
The RBI should take note and separate voting rights from economic interest.
Banks will pass on rate cuts if government recapitalises them quickly.
Recently, there has been a debate on whether fiscal deficits matter or not. Here’s more.
Sitharaman would be foolish to stick to fiscal road map. She should reset it and begin the glide path from 2020-21.
The challenge is now to ensure flow of credit to the productive sectors of the economy.
It is clear that we simply do not have the right data and tools to have a realistic crack at estimating inflation.
When the Governor gets it wrong, his reputation is at stake. When the MPC gets it wrong, the economy pays a price.
It is entirely possible that RBI-government are working on some big plans to attract capital flows from NRIs.
The RBI’s lack of policing capability cannot be converted into a penalty on promoter holdings.
The impact would be both on the Reserve Bank of India’s balance sheet as well on domestic interest rates.
The RBI’s initiative to nurse banks back to health may have short term pain but is embedded with long term gains,
A return of capital from the RBI will be more positive than negative for the economy.
If the RBI does not do it now, it will miss the bus.
Book Review: Chronicling the Indian banking sector through ‘The Story Of The Reserve Bank Of India’
The effectiveness of fiscal moves will depend on the actions monetary bosses take to correct consumption slowdown.
Rates must be cut across the board based on a transparently worked out blended cost of funds.
The RBI cannot operate on the principle that its actions need no justification.
Though repo rates are retained at same level, all the indications point towards hike in interest rates in coming quarters.
What we need is better regulation and board governance standards. Share ownership levels are less material.
Sitharaman has to bite the bullet. She should start with a fiscal deficit target in the range of 3.8-4 per cent.
A history of the rupee.
Tamil Nadu budget: Panneerselvam proposes no new taxes, and said that revenue deficit will come down.
We need a renewed understanding of Indian economy to get our macro policies right.