The Reserve Bank of India has launched two variants of a digital rupee on an experimental basis—for wholesale transactions between banks and for retail transactions within the private sector.
The ongoing protests in China against the Xi Jinping’s zero-covid policies has also put the spotlight on Beijing’s slowing economy, writes Niranjan Rajadhyaksha in Mint.
Comparisons with targets and past 10-year averages show inflation in India is less of an outlier than in many rich economies. The MPC needs to figure out whether it wants to use the interest rate solely to target inflation.
There is no doubt that what most large economies are experiencing today is an inflation surge that will take its time to dissipate. The disinflation process is on average about three times longer than the inflation surge.
A lower share of wages in the national income, persistent inflation, and a whittling down of financial savings accumulated during Covid can lead to weakening consumer demand, writes Niranjan Rajadhyaksha.
This report examines issues plaguing the housing supply chain in India, from acquisition of land, getting requisite approvals for construction, to creating incentives for providing rental housing.