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Economy

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Economy

Lower deficit, higher growth, cheaper loans: RBI payout to government is the stimulus economy needs

A surplus transfer to the government by the central bank is not out of the ordinary in developed economies. Indeed, the RBI’s robust balance sheet gives it a headroom to provide for contingencies and yet pass on its hefty ‘windfall’ to a cash- strapped government. It could keep fiscal deficit in check and interest rates low, shoring up the economy.

Economy

India’s hunt for animal spirits: Lessons in economic management from Asian powerhouses can help

On Friday, the Modi government moved to arrest the growth slowdown with a raft of measures to boost systemic liquidity and demand. But India needs another round of structural reforms to sustain high growth rates over the medium to long term. And here, it can learn invaluable lessons from the best practices of economic powerhouses in Asia — Singapore, China, and Malaysia.

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