New Delhi: The growing threat of stagflation for the Indian economy and persistence of retail inflation above 6 per cent may lead to rise in interest rates, a domestic ratings agency said on Wednesday. The uncertain outlook on inflation in the short term has already led the Monetary Policy Committee (MPC) to hold the interest … Read more
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
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