“The evidence over the past 30 years both in India and abroad clearly favours an independent Public Debt Management Agency (PDMA),” says Aziz.
RBI’s cap on lending to banks at just 0.25% of the net demand and time deposits at the repo rate may well be the reason why rates are not easing immediately.
Trade between India and the EU was at $101.5 billion in fiscal 2015, and it was $57.25 billion between April and October this year, govt data shows.
Equity investing should be a risky one. Imagine what kind of a protection a poor entrepreneur who puts up a sandwich stall on platforms gets?
To rebuild the business, he has to focus on Indian operations which was once its best, but has fallen on bad times.
If RBI's Raghuram Rajan does cut the repo rate, the strong rupee is likely to have played a more prominent role in the decision than inflation.
In an interview with ET’s MC Govardhana Rangan and Anita Bhoir, Bala Swaminathan, Asia head, Westpac Banking Corp discusses how trade could progress.
Among EMs, India would probably be the biggest beneficiary of $1.3 trillion that the ECB would be printing through September 2016 to buy bonds.
The appreciation can be a boon to companies with dollar debt. But it could throw a wrench in the country's ambitions to become a power house.
Renowned academic says he is impressed with PM Narendra Modi’s vision — from schools to administration to economics.
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