-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
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Suppressing criticism a sure fire recipe for policy mistakes: Raghuram Rajan
-The Indian Express In an essay on LinkedIn, the former RBI Governor said governments that suppress criticism do themselves a disservice. New Delhi: People in authority have to tolerate criticism and suppressing criticism is a sure-fire recipe for policy mistakes, former Reserve Bank of India Governor Raghuram Rajan said Monday. In an essay on LinkedIn, Rajan said governments that suppress public criticism do themselves a gross disservice. “People in authority have to...
More »Govt may seek Rs 30,000 crore interim dividend from Reserve Bank of India
-PTI Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth from a six-year low of 5 per cent in the first quarter of the current fiscal. The government may seek an interim dividend of about Rs 30,000 crore from the RBI towards the end of the financial year to meet its fiscal deficit target of 3.3 per cent of...
More »What can be done to address the demand drought in our economy? -Suresh Seshadri
-The Indian Express Why tax sops are not enough? What can policy makers do? The story so far: A worryingly persistent slowdown dragged economic growth in India down to 5% in the fiscal first quarter, its weakest pace in more than six years. And while the recent weeks have seen the possible reasons for the slowdown, as well as the government’s policy measures to ostensibly help revive the economy being put under...
More »Customers mull legal action to revoke RBI order on PMC Bank, access funds
-The Hindu Business Line Mumbai: Thousands of distraught customers of Punjab and Maharashtra Cooperative Bank gathered at the bank’s branches in Mumbai for a second day on Wednesday to protest against the Reserve Bank of India’s direction to impose restrictions on withdrawal amounts. Some of them said they would initiate legal action. “I had saved up for my daughter’s marriage in December, but my money is now stuck,” said Harshit Rane, a customer....
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