India’s call for restoration of the rule of law and democracy in Myanmar and condemnation of violence by the military junta on the people of Myanmar constitute the right way to proceed. New Delhi should.
As sweet cometh the hour, cometh the policy, whether clothed as inflation targeting, recession fighting or financial sector stabilising. What the conduct of the central bank has shown in the recent past is that whatever.
The government was wise to hastily withdraw the order slashing interest rates on assorted small savings schemes, not so wise to have announced such rate cuts during vital state polls. The government tweeted that the.
Repurpose Existing Dev Finance Arms March 18, 2021, 10:55 AM IST
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
The Cabinet nod for an infrastructure-focused development finance institution (DFI) is noteworthy, given lacklustre credit growth in the backdrop of stepped up capital expenditure in the budget. But it would surely make better sense to repurpose an operational DFI, such as IFCI or IIFL, to boost project funding, with special focus on project vetting. Reports say that the National Bank for Financing Infrastructure and Development (NaBFID) is to be set up with a corpus of Rs 20,000 crore and an initial grant of Rs 5,000 crore from the Centre.
Vital to Prevent A Second Wave March 17, 2021, 11:31 PM IST
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
It is imperative to avoid a second wave of Covid-19. It is entirely doable with determined, coordinated action, and must be achieved. This message resonated in Wednesday’s meeting of the Prime Minister with state chief ministers.
A year of restrictions and the fact that vaccines are finally available have resulted in a level of laxity when it comes to observing Covid protocols. The Prime Minister’s call to not let confidence become overconfidence is spot on. He did well to call for stepped up genetic profiling of the virus, to identify mutations, if any.