-ThePrint.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions...
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Monetary policy alone can’t tame inflation: FM -Vikas Dhoot
-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...
More »Public sector banks have ensured financial inclusion, finds a new empirical study
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...
More »Plight of the small peasantry in Punjab is affecting their mental health, highlights field-based study
Door-to-door and village-to-village surveys carried out by researchers of the Department of Economics and Sociology, Punjab Agricultural University, Ludhiana detected a total of 9,291 suicides that were committed by farmers in six districts of Punjab during the period from 2000 to 2018. Situated in the Malwa region of Punjab, which is known for cotton farming and the prevalence of cancer among its population, Sangrur (2,506) witnessed the highest number of...
More »Inflation control needs another model -Pulapre Balakrishnan and M Parameswaran
-The Hindu Lasting inflation control would require placing agricultural production on a steady footing Inflation is back as a talking point in the public arena, some would say belatedly, for wholesale price inflation has been in the double digits for over 12 months. India’s official measure of inflation, the rate of change of the consumer price index, has now breached the Reserve Bank of India (RBI)’s upper target of 6% for three...
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