The government must be wary of pushing through the much-needed banking reforms without a proper cost-benefit analysis and a clear regulatory framework. Read more »
The RBI needs to do a fine balancing act between withdrawing the ultra-accommodative monetary policy and ensuring the smooth completion of the government’s borrowing programme. Read more »
Prices in fiat currency are determined by speculation, not by value calculated by intrinsic characters of irreplaceability and resource limitation. Read more »
A combination of high inflation and low interest rates has given rise to negative real rates for savers which is not a welcome phenomenon. Read more »
NBFC offer loans to MSMEs and individuals for 24-48 months. They need funds for a similar period in order to maintain a healthy asset-liability match. Read more »
Tweaking of weights in inflation indices makes sense, given the policy objectives of RBI policy – price stability and economic growth. Read more »
It is surprising that the Reserve Bank of India stuck to a literal, narrow interpretation of its mandate and chose to focus on short-run inflation. Read more »
Any agency other than the Reserve Bank of India and lenders interfering will adversely affect the systems already in place in the country’s financial sector. Read more »
The study captures the impact of monetary policy changes on the real effective exchange rate, market rate on 10-year govt bonds and the NSE stock index. Read more »
There is no provision for NPOs to reserve funds for unforeseen disasters. So, they need to create a pool of disaster reserve funds along with corporates. Read more »