Kashmir will cease to be a problem the day Pakistan stops meddling. Since 1947, they have sponsored terrorism, sabotaged development and exploited the religious sentiments of the people. They continue to create a noise around the so-called ‘atrocities’ in Kashmir at diplomatic, social, political and international levels. That’s the cause of the unrest in the Valley. … [Read more...] about Kashmiri Pandits have received only lip service from political parties, says author Avanti Sopory
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"The MPC was cautious with adequate concerns on the evolution of inflation trajectory while being fully supportive of growth prospects as and when inflation trajectory allows. We expect the RBI to pause in the near term with the possibility of a rate cut (if any) visible from the December policy when inflation starts to fall," said Suvodeep Rakshit, vice-president and senior economist at Kotak Institutional Equities. … [Read more...] about RBI Monetary Policy: MPC warns of elevated headline inflation in Q2 FY21
On the transmission and implications of policy measures announced so far, Das said, "the utilisation of the refinance provided by the Reserve Bank to the National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI) and the National Housing Bank (NHB) increased to Rs 34,566 crore on July 31, 2020, from Rs 22,334 crore during the May policy." … [Read more...] about RBI Governor Shaktikanta Das announces Rs 10,000 crore special liquidity facility for NABARD, NHB
These measures cap the upside risks to slippages for financials. Slippages, however, could still remain high for the sector. A similar kind of restructuring was also made available for MSME borrowers facing stress on account of the economic fallout of the pandemic. … [Read more...] about Nahi nahi abhi nahi..abhi karo intezaar! Another rate cut likely if inflation is controlled
The decision on rates and steps to ease the coronavirus distress while shoring up the economy has to work in tandem for a better impact. Rates remain important but as the coronavirus redefines "normal", the market, too, expects more than the ordinary from the central bank. … [Read more...] about Market gives thumbs up to RBI moves, are rate cuts not a trigger anymore?