Are public sector banks (PSBs) important for the economy? Have the PSBs served the purpose for which they were created? Could the PSBs compete efficiently against the private sector banks (PVBs)? These are some of the questions, which have been answered by a chapter in the RBI Bulletin's August edition. Efficiency of PSBs Co-authored by Snehal S Herwadkar, Sonali Goel, and Rishuka Bansal (2022) of the Banking Research Division, Reserve Bank of...

-The Hindu Business Line Inflation has been moderating off late but RBI is unlikely to let its guard down * Has inflation peaked in India? It’s too early to conclude that inflation has peaked in India. While CPI inflation has been drifting lower since the April 2022 peak of 7.79 per cent, the decline is very gradual. The July reading of 6.71 per cent is also well above the upper limit of RBI’s...

-Asian News International/ NDTV.com Sri Lanka Economic Crisis: This comes as food price inflation remains at a multiyear high in South Asian countries including Pakistan. Colombo: Sri Lanka is ranked fifth among the 10 countries with the highest food price inflation in the world, according to the latest World Bank assessment. In its Food Security update, the World Bank said trade policy actions on food and fertilizers have surged since the beginning of...

-Down to Earth Developing countries feel digital sequence information provides a loophole through which developed countries can circumvent the Convention of Biodiversity Negotiations on how to regulate the use of digital sequence information (DSI) of genetic resources could further delay the finalisation of the Post-2020 Global Biodiversity Framework under the UN Convention on Biological Diversity (CBD). The process has already been delayed for two years due to the COVID-19 pandemic. The vast potential of...

-Down to Earth No regulation on marketing strategies by drug companies has created a medical autocracy, the Dolo-650 controversy shows If you had to take paracetamol 650 milligrams instead of paracetamol 500 mg three times a day during the COVID-19 pandemic, you may be familiar with the drug called Dolo-650. The drug is prescribed for reducing fever and pain, but the medicine possibly reached you thanks to its manufacturer’s market strategy. A petition...