On 4th of August RBI has its Monetary Policy Review meet where it is expected that RBI will take call on cutting repo rates. But it has become very tricky for RBI to take any decision as some macroeconomic indicators seems to be not favourable mainly issue of inflation and this is against the current strategy of RBI. So RBI may decide not to ignore inflationary pressure. As there is considerably higher food inflation for the month of July than June 2015. But if we look at historical data it is evident that higher food inflation in the month June is not uncommon for India and it has become a new normality since long (at least since 2010). Because of seasonal changes India usually witness rise in vegetable prices in the month of July as compared to month of June. So it might be a cause of concern for RBI and RBI may decide to not decrease interest rates.
Tuesday, August 4, 2015
Saturday, August 1, 2015
Digital India is a very ambitious umbrella program with comprehensive vision that will be implemented across the country simultaneously. If it is implemented properly and as per envisaged vision, this single government program is capable of transforming the economic, administrative and social setup of this country. It will bring about a complete change in economic structure of India particularly rural India.