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Unique Identity Number2

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Zia clarifies his timing of declaration of independence

What Mujib Said

Jyoti Basu is dead

Dr.BR Ambedkar

Memories of Another day

Memories of Another day
While my Parents Pulin babu and Basanti Devi were living

Tuesday, June 2, 2015

Why did RBI's Raghuram Rajan cut repo rate by only 25 bps?

Here are some of the things RBI Governor Raghuram Rajan said:
1. Today's policy is neither conservative nor aggressive.
2. We have what we think is appropriate given the data we have.
3. Govt acting on its own to reduce bottlenecks and create new pathways for growth.
4. Banks have started transmitting rate cuts.

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First, some forecasters, notably the IMD, predict a below-normal southwest monsoon. Astute food management is needed to mitigate possible inflationary...

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