Reserve Bank of India (RBI) Governor Raghuram Rajan has surprised many by opting for a “bold”, 50 basis points (or half a percentage point, with one basis point equal to 0.1 per cent) reduction in policy (interest) rates. The interest…
The Reserve Bank of India, as is to be expected, has been denying that its Governor Raghuram Rajan had ever suggested that the world was facing the possibility of a 1930s-type Great Depression. Members of the “global financial community” are…
The current stand-off is more of a government effort to regain influence over macroeconomic management, as the government is accountable to the people whereas the RBI is not. Government_and_RBI (Download the full text in PDF format) (This article was originally…
Emerging Asia, analysts argue, is all wrapped up in debt. For some time now they have warned about the dangers involved in the rising volume of private debt—both corporate and household—in Asia, as a result of a reversal of the…
The BJP under Narendra Modi has been by and large favoured by fortune. This is reflected not just in the fact that it managed to win 52 per cent (282) of the seats with just 31 per cent of the…
