RBI

Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, India politics, Indian economy, GST
During the reform period till 2013, the Government took several steps to strengthen the balance sheet of the Reserve Bank of India and added to the reserves. For instance, the excessive cost of sterilisation which normally is borne by the Central bank was shared by the Government to keep the... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
Ms. Chanda Kochhar is now facing the full brunt of a wide-ranging investigation. Multiple agencies are poised to probe deep into a case that the worthies on the ICICI Board dismissed not too long ago. ICICI Bank has a new CEO since October 2018. The bank under him has moved with full force against... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
We have a rate cut after a gap of about 18 months. The Monetary Policy Committee (MPC) announced on Friday that the policy repo rate, which goes on to influence the rate at which banks lend to customers, stands cut to 6.25 per cent, down from 6.5 per cent. This change came along with a change in... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Health, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, GST
The Union Interim Budget which was placed in Parliament on February 01 2019 has broken all the conventions of an interim budget. It has expenditure proposals, tax proposals and above all a vision for 2030. In the interest of prudency in the budget making process, the government should have... read more
By: Ajit Ranade
Category: Common citizen, Governance, Health, Inequality, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
There was much drama involving economic data on the eve of the budget. Firstly, the remaining two independent members of the Statistical Commission resigned. Their exit made the constitutional body effectively vacuous, since the Chairman’s post was lying vacant since July. This is an apex advisory... read more
By: Dr. K. G. Karmakar
Category: Common citizen, Governance, Health, Inequality, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
Learned people in various committees and commissions have prepared voluminous reports but why does the agriculture sector continue to be in distress? Why are farmers committing suicide especially after the World Bank–inspired 1992 wave of financial reforms? Let us examine whether we need a second... read more
By: Himadri Bhattacharya
Category: Common citizen, Governance, Health, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy, GST
In the lead up to the presentation of the interim budget for 2019-20 by a ‘substitute’ finance minister, there were enough indications that it wouldn’t be a dull ‘vote-on-account’ show. Some even expected that the government would come up with a kind of full budget, which caused a last-minute... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The Finance Minister while presenting the Interim Budget 2019-20 has categorically mentioned that this is not an interim budget but a medium of the country’s developmental journey. In saying so, he has broken the convention, sanctity and integrity of an interim budget and stretched the boundaries... read more
By: Rupa Rege Nitsure
Category: Common citizen, Governance, Taxes, Union Budget, RBI, Jobs, India politics, Indian economy, Inclusive growth, GST
The Interim Budget presented on Feb 01, 2019 was not expected to be a reform-oriented budget in any way. All the 12 interim budgets presented in India since Independence had avoided making any big bang structural reforms, as the government in power is a custodian for a few months.Yet, the Interim... read more
By: Ranjit K Pattnaik
Category: Common citizen, Governance, Inequality, Taxes, Global, Union Budget, RBI, Jobs, India politics, Indian economy
The Union Budget 2019-20 to be unveiled on Friday will carry all the features of a regular budget without any fresh tax and expenditure proposals. As an interim budget looking to a medium term perspective, its broad goals and direction should typically be growth enhancing along with qualitative... read more

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