Farm loan waivers are customised schemes announced by states to help the peasants. The quantum announced is impressive, but the actual amount disbursed is much lower. Further, it gets spread over a period of 2-5 years for a v
The lockdown affected many businesses in ways that made servicing debt difficult; so, this is a good proposal. Interest subvention for those that made timely payments avoids skewing the playing field and preempts any moral ha
U-shaped or V-shaped or W-shaped recovery is nothing but an optical delight. FY21 will be the one where there was economic destruction, FY22 an apology for a recovery, and we may have to look for real growth only in FY23, ass
The three agri-reforms that have been brought about will be quite positive for the agri-economy, and assurance that the MSP-based procurement system won’t be withdrawn. Of course, if the system works well for farmers, the g
A fiscal stimulus can be considered as being expedient under present conditions as there is no other way out. Growth is something outside our control today, which also means that employment will be a challenge for the rest of
The advantage for the government when there is RBI intervention is two-fold. First, there is direct absorption of the debt by RBI, which won’t affect the market as the supply of paper remains unchanged. Therefore, there is
Urjit Patel’s book is refreshingly different and quite hard-hitting, as he debates issues as both a former RBI governor and a critic. Showing a great deal of maturity, he focuses only on issues and not persons.
The outlook on inflation makes a strong case for pause in the accommodative stance the MPC has taken of late. While SMEs and other business still need access to easier credit, perhaps waiting till the revival happens before c