The Reserve Bank of India has recently flagged a troubling trend ~ rising asymmetries in the shortterm money market rates that threaten the effectiveness of monetary policy transmission.
India's foreign exchange reserves witnessed a spike to USD 665.396 billion during the week ended March 28, the RBI said on Friday. The forex reserve increased for the fourth consecutive week, marking the highest level in nearly five months.
India has lost a towering figure in the Indian economic landscape, former Prime Minister of India, Dr Manmohan Singh.
The global economy remained resilient in the first half of 2024, with declining inflation supporting household spending, it said in its October Bulletin.
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting on Friday announced the policy rate unchanged at 6.5 per cent.
Essentially, it is the routine disclosure breach that is most corrosive, indicating collusion, misleading of regulators, inflation of revenues and suppression of delinquency.
'What makes India strong is its diversity, debate and tolerance. What makes it weak is narrow-mindedness, obscurantism and divisiveness,' said former RBI governor Rajan
CLSA said the sustained improvement in housing could drive economic growth revival.
Meanwhile, one can only hope that the massive loss of jobs in the automotive sector will move Modi 2 to accepting the plight of the economy because the farm sector job losses certainly did not.
RBI Junior Engineer (Civil/Engineer) results 2019: The candidates are advised to check their results from the official website-rbi.org.in
