-Moneycontrol.com Globally, central banks have been increasing interest rates to fight inflation. The global economy will bear the brunt of past monetary policy actions in 2023, the Reserve Bank of India (RBI) monthly bulletin said on December 20. "Emerging market economies (EMEs) appear even more vulnerable, having battled currency depreciations and capital outflows in addition to slowing growth and high inflation," Bulletin said. Globally, central banks have been increasing interest rates to fight inflation. RBI...
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RBI's Inflation Mandate Failure Report Cannot Be Made Public, Government Tells Parliament
-ANI/ NDTV.com The government told Parliament that the RBI had submitted its report on the inflation target failure, but it cannot be made public. New Delhi: The government on Monday told Parliament that the Reserve Bank of India (RBI) had submitted its report on the breach of the inflation target for three consecutive quarters, but it cannot be made public per the provisions of the RBI Act. Union Minister of State for Finance...
More »Expand the food safety net without any more delay -Reetika Khera
-The Hindu Expanding PDS coverage to account for the increase in population since 2011 is a no-brainer; the Government’s resistance to implementing a Supreme Court of India direction is baffling The National Food Security Act (NFSA), 2013, through the Public Distribution System (PDS), provides a crucial safety net for roughly 800 million people. Even critics of the PDS appreciated its services during the COVID-19 lockdown. The humanitarian crisis resulting from the COVID-19 lockdown,...
More »What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Sparrows are coming back to Delhi finally. A new forest is now their safe haven -Krishan Murari
-ThePrint.in By next year, sparrows counting will be conducted to establish the impact of conservation efforts. It shows that these grassroots efforts can have an impact. A group of tourists enters the thick 42-acre Garhi Mandu city forest, not too far from the Delhi Vidhan Sabha. They tiptoe on raised walking platforms in hushed silence, squinting at the tree tops for a glimpse of the most endangered species of India’s capital. The...
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