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Chief Economic Adviser Krishnamurthy Subramanian steps down
Subramanian has expressed his gratitude as well as praised the leadership of FM Nirmala Sitharaman and Prime Minister Narendra Modi.
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RBI maintains status quo for eighth time in a row
Repo rate and reverse repo rate have been kept unchanged along with accommodative stance
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Fitch slashes India’s FY22 GDP growth forecast to 8.7%
Since March 2020, the RBI has kept the repo rate at 4%, due to its focus on supporting the economy
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Inflation likely to peak by end of year: IMF
Consumer prices may recede to pre-pandemic levels by the middle of next year
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Moody’s rating upgrade is a shot in the arm: Analysts
A gradual fiscal consolidation will further boost the sentiment, say analysts
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India on the path towards economic recovery: CEA
In the financial sector, the introduction of Insolvency and Bankruptcy Code has led to resolution of stressed assets worth Rs 2.4 lakh crore
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Fundamentals of Indian economy remain strong: Arvind Panagariya
Noted economist Arvind Panagariya said India needs to deal with Covid-19 as quickly and decisively as possible
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Fintech burst and the democratisation of credit
In the last financial year there were 2,233 cr UPI transactions worth Rs 41 lakh cr. The democratisation of credit will be the next big thing.
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Air India & Tatas – poetic justice & one that benefits all
Tata could be a natural fit for the airlines, however, even if any other promoter takes over, we can expect the quality of the service to improve
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Policy normalization could be signalled by October 8
Standard Chartered also expects a firmer signal, which could be the need of the hour if another surge in infections is completely ruled out
