Page 2 - Soumya Kanti Ghosh

A brave new world for the rupee

RuPay aims to empower every Indian with a world class payment solution

RBI policy statement: Revisiting the saga of 'The Bold and The Beautiful'

The RBI has also proposed to allow interoperability in cardless cash withdrawal transactions at all banks and ATMs using the UPI facility

Monetary policy review: Rs 17.2-trillion liquidity bazooka

Of this, the unconventional liquidity measures amount to approx. Rs 9.1 trillion, implying the residual Rs 8.1 trillion is mostly conventional liquidity injection

Implicit & explicit: RBI policy statement is all about forward guidance

One challenge that the RBI might have to face in FY22 is the movement in exchange rate

The power of forward guidance

The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial stability

Coping with the lockdown

Given the scale of demand contraction, we need a fiscal package of at least 3-4 per cent of GDP

The bright side of lockdown

The pandemic spreading around the world is calling on us to suppress our profoundly human and evolutionarily hard-wired impulses

Covid-19: Lessons from history

Targeted social distancing and complete lockdown are the need of the hour

A bottoms-up approach to inclusive growth

Counter the growth slowdown with a micro-loan revolution

Budget 2019: Fiscal deficit number reassuring, says Soumya Kanti Ghosh

Regulatory control of NBFCs will shift to the RBI, and this will create a level playing field in the market

Reading between the lines: The PLFS survey

Given that household-level secondary education was not readily available from Census 2011, the PLFS survey might have used some proxies

RBI keeps options open for more rate cuts with move to accommodative stance

The policy also has several developmental and regulatory measures

Ideas for India: A lot on the plate for NDA government

Above everything else, we must understand that over the last few years we have been held hostage to economic ideas that were governed more by rhetoric than by data-based evidence

Jobs debate: Ingenuity or insinuation?

With the changing nature of labour market, we need to change the definition of employment in the NSSO survey

Reshaping India's financial markets

We need to diversify the forex, credit and interest rate risks across the financial market

RBI takes a holistic approach to target market microstructure: Expert

The intent to reward well-rated NBFCs would optimise their funding costs, but the larger picture lies in the freeing of capital for the banks

The importance of central bank communication

The RBI should think of providing signals that reduce the disconnect with market expectations

Will oil be lucky for the RBI?

The rupee recovered strongly on Friday, with oil, the US treasury rates all retreating from their highs

Monetary Policy Committee: Credibility and consistency

The committee should take ground realities into consideration and choose the best way forward

Soumya Kanti Ghosh: The road to remonetisation

In the next two months, 78 to 98 per cent of the extinguished currency could be back in circulation