-Livemint.com What will happen to the PMGKAY beyond December 2022? It cannot continue indefinitely in its present form. At a time when central banks all over the world are into a round robin of Interest Rates hikes, in a context of impending recession in several major world economies, an unending war, and uncertainty about energy availability and pricing going into the northern hemisphere winter, the only cheering news was India’s further extension...

-The Telegraph The airbrushing of the Indian economy is damaging The latest Monthly Economic Review from the ministry of finance gives the reader a great deal of comfort by indicating that all is well with the Indian economy. If there is any cause for concern at all, it is from external economic and political shocks: events like the Federal Reserve in the United States of America raising Interest Rates, or Russia invading...

-The Hindu A critical facet of the consequences of an interest rate increase is the correction of asset prices. Interest Rates act as gravity to stock market prices The Federal Reserve and other central banks around the world have raised Interest Rates to curb inflation. The rationale behind raising Interest Rates is that the cost of borrowing rises whenever they are raised, and the incentive to save and invest rather than consume...

-The Telegraph The economy remains vulnerable to headwinds The shortfall in economic growth in the April-June quarter against rosier predictions of most, including the central bank, came as a surprise.Few anticipated the gap between expected and actual performance would be as much (2.5-3 percentage points). It has prompted a tide of downward revisions for the whole year; these follow a previous round, two months ago, due to inflation, higher Interest Rates, and...

-The Hindu Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman In a barely veiled signal to Mint Street, Finance Minister Nirmala Sitharaman said on Thursday that monetary policy tools like interest rate increases deployed by several central banks would not suffice to cool inflation and suggested that the Reserve Bank of India need not synchronise its actions ‘as much’ with its counterparts in developed countries.  While monetary policy as...