Some practical observations on reduction in REPO rates by RBI
As we all know REPO and reverse REPO rates are the rates at which short term borrowing and short term advances are made between the Commercial Banks and Reserve Bank of India. The recent reduction in the REPO rates indicates that Reserve Bank of India has the intention to cautiously reduce the cost of Financing in the economy. The recent reduction in the REPO rate will certainly encourage the entrepreneur to borrow and will also result into more spending by the consumers due to its cascading eff...
UNION BUDGET-2025 AND THE TURBULENT CIRCUMSTANCES
The upcoming Union Budget 2025 presents a complex scenario, marked by diverse challenges, paradoxes, and uncertainties in both domestic and international contexts. It is both fascinating and daunting to consider the myriad forces shaping India's economic landscape today.
DOMESTIC PARADOXES AND CONTRADICTIONS
1. Economic Growth vs. Income Disparity
India remains one of the few nations with a GDP growth rate exceeding 5%, a commendable achievement by any standard. Yet, this overall ...
ARE WE ADDRESSING THE UNEMPLOYMENT ISSUE AS A SECTOR?
Yes, we must address the complex and concerning issues surrounding unemployment, which has, until now, remained an undefined sector. The problem of unemployment poses a huge challenge, with multiple dimensions, varied complexities, and significant impacts on economic development, affecting a large part of our population. It requires special attention, with a concentrated, strategic, and effective set of programs and actions. To address its challenges effectively and efficiently, it must be recog...
“CONTINUING PARTITION…….a sad reality” It’s a challenge to cure this evil
It is sad that the huge crack between communities developed during 1940s, instead of healing by time, continues to exist and frequently makes its presence felt.
Though, there is a remarkable progress over a period of time and that we all would appreciate. But the fact is that the crack continues to make its presence felt. The fact that after decades of partition, in the year 1991, we had to enact the Places of Worship Act and decades thereafter the same Act had to be revisited several times ...
Category: Political |
ARTIFICIALITY IN EXCHANGE RATES
The foreign exchange rates have always puzzled me.
A few questions remain inadequately answered.
For instance, on independence, one rupee was equal to one dollar and was quite near to being equal to one pound. Isn’t it surprising that despite being a very poor nation we had a very favorable exchange rate. It meant that it made imports more attractive.
But we could not sustain the same conversion rate. Rupee got drastically hammered and soon enough even before the fifties we saw the ...
