A chart in the report, of which the baseline scenario is reproduced here, gives the central bank’s macroeconomic assumptions. In line with the projections in the RBI monetary policy statement, it takes GDP growth at 7.2 percent in the second half of 2018-19 and retail inflation at 3 percent for its baseline scenario. For the first half of 2019-20, GDP growth is forecast at 7.5 percent, with inflation at 4 percent. … [Read more...] about Quick Take | Decoding FSR fine print: RBI unlikely to change policy rate till first half of FY20
Intergovernmental panel on climate change report
The sharp rise in frauds in public sector banks indicates that merely recapitalising them is not enough---at the very least, a wholesale change in their governance structures is called for.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Quick Take | With so many frauds in PCA banks, why take the risk of allowing them to lend?
Speaking at the inaugural function of the International Judicial Conference 2020 – 'Judiciary and the Changing World' at the Supreme Court, Modi spoke about recent crucial judgements, in an apparent reference to path-breaking verdicts including in the politically-sensitive Ayodhya case. … [Read more...] about 1.3 billion Indians wholeheartedly welcomed critical judicial verdicts despite apprehensions: PM