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Reserve Bank of India Governor Shaktikanta Das' unscheduled 15-minute statement today was nothing short of a (thunder)bolt from the blue. And like all thunder, it foretells stormy weather ahead. First, even at 10 am when the RBI announced that the governor would deliver a statement at 2 pm, the guess...
India is likely to take another 13 years to overcome the losses incurred due to the Covid pandemic that hit the country in March 2020, says a Reserve Bank of India (RBI) report. Taking the actual growth rate of (-) 6.6 percent for 2020-21, 8.9 percent for 2021-22, and assuming...