Hello India, stagflation is here! Nomura says from RBI survey

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NEW DELHI: Stagflation is a double-edged sword and it’s here, at least this is what the RBI’s recent survey on households suggests. Nomura India, however, says it may be transitory. It believes supply-chain disruptions during the pandemic are largely to blame for the outcome. Stagflation occurs when economic output stagnates but inflation keeps rising. It … Read more

PM Narendra Modi meets financial regulators; discusses measures to revive COVID-hit economy

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New Delhi: Prime Minister Narendra Modi on Thursday held a brainstorming session with financial sector regulators and discussed various measures to revive the economy hit hard by COVID-19 crisis. According to sources, the meeting discussed various steps that regulators, especially the Reserve Bank of India, can take to push economic growth staring at the risk … Read more