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RBI Monetary Policy: Economists See Small Rate Cuts, Unconventional Measures Ahead - BloombergQuint
Repo rate now stands at a record low of 4%, while reverse repo rate, at 3.35%, is 10 basis points above its record low.
Indias Monetary Policy Committee has cut its benchmark repo rate by another 40 basis points, taking the total quantum of rate cuts to 115 basis points since the Covid-19 crisis hit India.The repo ...
U.S. Virus Data Muddied by Mixing of Diagnostic and Antibody Tests - BloombergQuint
U.S. Virus Data Muddied by Mixing of Diagnostic and Antibody Tests
(Bloomberg) -- The U.S. Centers for Disease Control and Prevention and some states reported both completed diagnostic tests and antibody tests in public datasets, mixing results that show current i...
This Was a Big Week in Coronavirus Immunity - BloombergQuint
This Was a Big Week in Coronavirus Immunity
(Bloomberg Opinion) -- A mere month ago, the idea of immunity passports had raised hopes that people who survived Covid-19 would be freed from indefinite, costly confinement. Scientists warned, tho...
BQuick On May 21: Top 10 Stories In Under 10 Minutes - BloombergQuint
BQuick | Top news, must-read stories and columns – all served up in less than 10 minutes.
Prime Minister Narendra Modi and his advisers have gotten it right by practicing fiscal prudence in the economic package, and governments around the world could learn from their caution, writes Mihir Sharma.
- Indias policymakers found the correct prescription because they began with the proper diagnosis.
- A bigger stimulus would have been the right way to address a crisis in aggregate demand. But thats not Indias problem: Until we figure out the best way to reopen, the country needs less economic activity not more.
- Instead of wasting money it doesnt have, the government has tried to address the problem we do have.
India Approves Special Purpose Vehicle To Help Shadow Lenders Raise Capital - BloombergQuint
The special purpose vehicle will issue securities, guaranteed by the government, to raise funds for buying NBFC debt.
India to Allow Funds More Exposure to Government Bonds - BloombergQuint
SEBI to allow corporate bond funds, banking & PSU funds and credit risk funds to invest an additional 15% of the assets in G-Secs
IIP: Industrial Production Contracted By 16.7% In March - BloombergQuint
India Industrial Production Contracted By 16.7% In March
Indias industrial output contracted in March as the spread of the Covid-19 virus began to disrupt economic activity from the middle of the month. The full impact of a nationwide lockdown, which wa...