Coronavirus will paralyse gig economy, big businesses; it's up to policymakers to not let this become full-blown economic crisis
To address the problems arising out of the unique structure of the Indian economy and to ensure that the economic engine keeps cranking, both monetary and fiscal measures will be required soon.
It is not about the lending rate setting mechanism but about compliance by banks. They have always freely flouted rules under PLR, BPLR, MCLR and base rate systems
Rajan has had a tough time convincing banks to cut their lending rates taking the central bank’s rate signals