The Reserve Bank of India (RBI) working paper by Harendra Kumar Behera and RBI deputy governor Michael Debabrata Patra on inflation targeting has waded right into one of the world’s most vibrant policy debates, one between inflation hawks and dis-inflationists. The former believe that easy-money policies pursued after the West’s financial crisis of 2008-09 that have given...
It is a different feeling to actually go through difficulty. Reading about the 1930s Depression or watching movies that tell stories of a great crisis and how the human spirit rose up to the occasion and emerged stronger—battle scarred, but better—after it fought back, is very different from facing real danger. It is another thing...
You get opportunities to hit reset every once in a while. All the major life stages give you that—marriage, childbirth, a job loss, a death in the family. These are events that have in them the potential to make you pause, rethink who you are, rework things that need redoing, and move forward on a...
2 min read. Updated: 22 Dec 2020, 08:35 PM ISTLivemint The recent suicide of a Hyderabad-based techie who was humiliated when a lender went about calling people on his contact list, the consent for which he had given while taking that loan through an app, has brought into sharp focus the risks of instant app-based lending in India....
It was the technology stocks in the US till a few months back that were getting investors’ attention, but that got trumped more recently by the multi-bagger returns of some cryptocurrencies. There are newspaper front page comparisons of the value of bitcoin with the returns on the Sensex and gold, where the crypto emerges as a multi-bagger, giving better returns...
Not everybody can be a Lakhan Yadav, the 45-year-old Madhya Pradesh farmer, who spent ₹200 on a diamond stake and found a ₹60 lakh winner. And not everyone can be Yadav in the manner in which he is dealing with his win—after a celebratory mobike spend, he will use the fixed deposit (FD) route to park the money and educate...
There are times when markets seem fully on their own trip and in no mood to look at what is happening today, as they anticipate a golden tomorrow. As the market hits new highs every day, up an unbelievable 75% from the March 2020 lows, investors are asking the question—how high will markets go and is this...
Both bond and stock markets were waiting with bated breath for RBI Governor Shantikanta Das to indicate if inflation was going to be more important or growth on the morning on December 4. While nobody expected policy rates to be reversed, the market was watching every word that could indicate the central bank was turning hawkish –...
The nephew has just begun to earn. The euphoria of the first salary. The joy of living at home and seeing almost the entire money sit warmly in the bank account. Checking every five minutes to see that indeed the balance reads what it did five minutes ago. But he is Gen Z and is...
The Reserve Bank of India (RBI) working paper which recommends that manufacturing groups and business houses be allowed bank licences , while mapping global norms against this and disclosing that all but one of the experts consulted were against this, has generated plenty of heat. Like almost everything else right now in India, views on the issue...