-The Indian Express To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day. That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to...
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Is the Indian economy staring at stagflation? -Prashanth Perumal J
-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
More »A rough patch
-The Indian Express High inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark Repo rate. Retail inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
More »With 4,322 rape cases reported in 2018, 12 rapes take place daily in UP
-Caravandaily.com/ ANI LUCKNOW – With the high crime rates, 12 rape cases were reported everyday in Uttar Pradesh recording 4,322 incidents in 2018. According to the annual report of the National Crime Records Bureau (NCRB), a case of rape is registered with the Uttar Pradesh police every two hours while crime against a child is reported every 90 minutes in the state. The state also recorded 59,445 crimes against women with 162 being...
More »Onions shouldn't hold up review of inflation target -Karan Bhasin
-Livemint.com With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework Last year, there were calls to review RBI’s inflation targeting framework. With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework. Mint explains the debate around this. * What are the terms of the policy framework? In 2016, the...
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