An RBI research paper revealed ‘unusual’ cash deposits totalling Rs 1.6-1.7 lakh crore during demonetisation.
Europeans want to upend politics as usual and the far right is still rising. If the Left doesn’t come up with an unusual politics of its own, it will be upended as well.
The Goods and Services Tax (GST) has missed several launch dates. On Saturday, Finance Minister Arun Jaitley said the measure is on track for a rollout from July 1 with the bills set to be discussed in parliament after it reconvenes next week.
The RBI official has proposed creating “bad bank”-type institutions to buy and restructure stressed loans, along with an approach to banks and defaulters that he called “tough love.”
And while the IITs have been in decline for many years now, some of the MHRD’s exclusivist policies are poised to drive them further into the ground.
Rajan’s extension seems imminent because the global opinion appears to suggest that an extension to the RBI governor’s tenure would provide much needed stability to the domestic financial system.
The eurozone was badly designed for everyone, not just for Greece.