Franklin Templeton (FT) has shut down six of its debt funds with an aggregate AUM (assets under management) of Rs. 25,856 crore (as on April 2020). Faced with such a situation, there are clamours for support from Reserve Bank of…
Monetary policy can only make credit cheaper, it cannot bring money into the hands of workers. It cannot compensate for a fiscal stimuli, especially when India is in a liquidity trap. For such an unprecedented crisis, fiscal spending has been…
The Federal Reserve of United States has raised short term benchmark interest rates for the third time this year. With this increase, the benchmark rates have crossed the 2 percent mark for the first time since 2008. The FED has…
