The central bank said both the central and state governments have much “less fiscal space” to deal with COVID-19 than what was available during the global financial crisis.
ACJ said the entry was finalised for its stunning exposure of how easily an elected government can subvert the checks and balances fundamental to a democracy.
Subhash Chandra Garg explains why the Modi government’s “suboptimal” relief package won’t rescue the economy.
Shaktikanta Das said the RBI had cut repo rate by 40 basis points from 4.4 % to 4% while the reverse repo rate was reduced to 3.35%.
Kapoor, 62, former MD and CEO of the private bank, was arrested by the ED in Mumbai around 3 am on Sunday
The bank’s net banking facilities have not been operational since Thursday evening, PTI said.
India’s annual retail inflation rose to 7.35% in December — its highest in more than five years.
The ease with which the Narendra Modi government ignored apex institutions like the Reserve Bank of India, Election Commission of India, and even Parliament, intensifies the crisis facing the institutions meant to check the untrammeled power of the executive.
In 2017, the Modi government introduced a secretive way for anyone, including corporations and foreign entities, to funnel money into political parties anonymously.
The 'HuffPost India' investigation by journalist Nitin Sethi showed how, 2 days before announcing electoral bonds, the Modi govt dismissed the RBI's warnings on the scheme.