How should Indian monetary authorities respond, when the US Fed cuts rates, as it is widely expected to? Respond in kind or hold tight till any resultant financial turbulence is over? Cutting the repo rate or raising it is much of a muchness, and the most constructive response on the part of the RBI would be to let go of the government bond market and let Sebi regulate it, along with other securities.
As India steps into its third term under Prime Minister Narendra Modi's administration, Southeast Asia has emerged as a central focus of its foreign policy. The region plays a crucial role in the Indo-Pacific theatre and has become pivotal to India's strategic, economic, and diplomatic interests.
The last India-Africa Forum Summit took place in New Delhi way back in 2015, and significant shifts in global geopolitics and geoeconomics have occurred since then.
Acceptance of a limited macroeconomic role of the Reserve Bank of India would legitimise greater government intervention in the economy, making neo-liberal economists unhappy. This is the central reason for not giving up inflation targeting or modifying it to suit Indian conditions, writes Prof. Arun Kumar.
India sees challenges as either rural or urban; instead, it needs to address them as part of a continuum
It is easy for a leader to work with hope when the party is on the rise and things are going well. It is far more difficult to maintain equanimity when the party is in decline. It is not easy to build alliances with those with whom one has ideological differences while maintaining one’s ideology which is contrary to that of the others. As it is, being Left in a capitalist system is difficult at the best of times. Perhaps JNU played a small part in making Sitaram Yechury what he was – an affable democrat who was widely admired.