Narendra Modi govt thrives on popularity in polls, but grim reality on roti-kapda-makaan provides stark contrast
Poll on poll indicates that the Narendra Modi government still remains the most popular government of the day, yet poised to win a Lok Sabha election if it may come.
US Fed rate cut: Need to be watchful on forex side if it is beginning of further interest reductions
Another interpretation provided is that the rate cut has more to do with preventing any slippage in the GDP growth and hence is a preemptory measure invoked keeping the future in mind.
RBI monetary policy: Changes in rates may not spur investment; govt needs to ascertain causes of stagnation
Further, fuel inflation has been increasing and the assumption made by the RBI here is that oil prices are unlikely to increase in the next couple of months.
Shaktikanta Das is new head of RBI: Will former bureaucrat be able to get central bank, govt on same page?
Shaktikanta Das worked with the government and hence knows how the machinery works which is very important at a time when there is constant dialogue needed between the Central bank and the Finance Ministry.
benchmark Sensex outperformed most of its Asian peers today with the index breaching the psychological 28,000-mark aided by strong all-round buying support
Given the American economic growth scenario, an era of low interest rates and easy money is likely to continue in the days to come. And what this means is that the BSE Sensex just might go back to rallying despite the recent fall
Balancing optimism on growth and jobs with the reality of low inflation, policymakers indicated they would take a slower approach to the pace of future rate hikes
Brent crude touched a low of $71.12 a barrel after settling at a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the cartel to cut production to stem a slide in global prices.
This is not the last that we have seen of a developed-world central bank deciding to print more money to create some inflation. There is more to come
The horse, as they say, has already bolted by now
Despite its non-effectiveness, central banks still have faith in monetary policy, as it has been practised over the years. And this might lead to monetary policy totally collapsing in the years to come.
BI has infused Rs 5850 billion into the system but the market is still borrowing money from the RBI to meet its daily requirements and has been doing so for the last three plus years. It is big question that neither the market nor the central bank seems to have an answer.
Once countries get into what is known as a deflationary spiral, it is very difficult for them to get out. Japan is an excellent example of the same. The country has been trying to come out of a low inflation/deflation kind of scenario for close to two decades now, without much success.<br /><br />
History has shown us that continued money printing over a period of time inevitably leads to high inflation and the destruction of the financial system. Hence, going slow on money printing "seems" like a sensible thing to do. But there are several twists in the tail.
Indian funding environment was, to some extent, improved by internal and external factors over the past month, the report said.
The US still appears to be the superpower in the economic space as well as the political arena, where it has been virtually unchallenged in the last two decades.
Analysts expect the US Federal Reserve Board to begin slowing down bond purchases - signalling the beginning of the end of 'easy money' - on the back of stronger-than-expected US jobs data for June.
The Fed's quantitative easing programme (QE) is the basis of the current US economy and any withdrawal of the QE would take the US right back to 2008