Focus on inflation over growth at next policy review meet: Viral Acharya to RBI

Focus on inflation over growth at next policy review meet: Viral Acharya to RBI

Former RBI Deputy Governor Viral Acharya on Saturday said inflation is higher than expected and the rate-setting panel should “respect” its core mandate of controlling price rise at the next week’s policy review meet. The comments come even as there is an increased clamour for further rate cuts to aid the economic recovery, even as … Read more

India not close to situation for debt monetisation, says former RBI chief Subbarao

India not close to situation for debt monetisation, says former RBI chief Subbarao

New Delhi: Former RBI Governor D Subbarao on Friday said India is not close to the situation where the central bank has to go for debt monetisation amid rising government spending and falling revenue collection due to the COVID-19 crisis. The case for direct financing is made on the argument that government borrowing this year … Read more