Stalled Growth: RBI’s Inaction on Rates
The desired response from the RBI in an environment of falling inflation and a declining dollar index is to slash rates, not hold them steady
The desired response from the RBI in an environment of falling inflation and a declining dollar index is to slash rates, not hold them steady
Focusing on the supply, instead of demand, is pure expedience in the case of both drugs and greenhouse gas emissions
Plastics could, likewise, be broken down into constituent chemicals that are combined as desired to produce useful things. The ability to edit genes would help mobilise nature in this cause as well. Bacteria and viruses could ingest one set of chemicals that humanity wants to eliminate and extrude another set of chemicals, of practical value.
In the wake of one of the worst train accidents last Friday at Balasore, Odisha, journalists have turned an unsparing spotlight on rail safety. Many unsavoury features of Indian Railways now stand exposed in the glare of public scrutiny, ranging from the systematic underfunding of the rail safety fund and the snail -pace rollout of the rail safety mechanism, Kavach, to the damning CAG report on train derailments, and the sorry state of the Railways' finances.
It is a terrible tragedy that more than 280 people have died and 900-odd injured in twin rail accidents in Odisha’s Balasore district. The Chennai-bound Coromandel Express ran headlong into a stationary goods train at Bahanaga station, Balasore, tearing away and throwing bogeys on to the parallel track, directly in the path of the oncoming Bengaluru-Howrah Superfast Express, creating a second collision. This happened at 7 pm on June 2. Rescue work started fairly soon – that is the only good part of the story.
The way to make AT1 bonds attractive again is to clarify the insurance-linked role that sets them apart from pure debt, revert to valuation as per the time period of call options, and vastly improve banking supervision via enhanced management of banking data.