The Governor of the Reserve Bank of India (RBI) made an assuring observation last month. He made the statementsoon after his decision on August 5 to shift to a hawkish stance of fighting rising inflationary pressures made during alikely third Black Swan Event (BSE) which is the brewing China-Taiwan ...
Surging inflation, depreciation of the currency and depletion of India’s foreign exchange reserves are all signs of concerns. All of the above are interconnected. They fall under the category of macroeconomic indicators of the state of the economy. For India, a leading emerging market economy, wit...
As we are at the start of yet another year, which happens to be the third year of the Covid-19 pandemic, the loss of lives stands at 5.5 million and the economic loss is estimated at around $13.8 trillion. The International Monetary Fund (IMF) in its updated World Economic Outlook (WEO) which ...
Just about two weeks ago, the rupee went down in value and touched `76 per US dollar. The factors responsible for depreciation of the Indian currency are the focus of this article. In fact, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) had already finished its three-day bi-m...
In the midst of uncertainties on many fronts, including those presented by the August take-over of Afghanistan by Talibans casting a shadow on the future of international petroleum crude prices with likely involvement of Iran, Indian economy received some comforting news on inflation for yet another...
Minutes of the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) held on August 4-6 were released on 20, creating some concerns rather than strengthening confidence. A lone and dissenting statement which was attached to the minutes was by Professor Jayanth Varma, alth...
The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) decided on August 6, 2021 to maintain its policy rate in the light of its accommodative stance, unchanged at 4% adopted since August 12, 2020. That was when RBI decided to cut the rate to boost economic activities following th...
Early last month, the Reserve Bank of India (RBI) announced its monetary policy decision at the end of the bi-monthly meeting of the six-member Monetary Policy Committee (MPC). The expectations were that RBI would be focused on boosting growth with a downward revision in its benchmark policy i...
Two external resources - other than foreign aid and foreign direct investment in physical investment adding to capital stock - have gained prominence for developing nations in recent years. They are remittances from migrants working in developed countries and in oil producing countries to thei...
The tale of ‘Kisa Gotami and the Mustard Seeds’ from the Jataka stories goes like this. Gotami took the dead baby and pleaded to Buddha, “My Lord, I will do anything to bring my son back.” Buddha replied, “If that is the case, then I need you to find me something. Bring me a mustard ...