Banks need to provide more competitive alternatives to savers and also manage costs. This is one more reason for policymakers to double down on deepening the bond markets.
Going forward there are several areas that require close monitoring. The country needs even more sound macroeconomic fundamentals, with little room for policy errors
Sachchidanand Shukla writes: Policymakers in India have often acted with alacrity to protect the interests of farmers over the years. The MSP that is fixed by the government for kharif and rabi crops has been one of the key policy instruments.
Soumya Kanti Ghosh, Sachchidanand Shukla write: While the government went all out last year to shield the rural economy and households by way of free food, free gas, front-loading PM-Kisan payments, increasing MGNREGA allocation, moratoriums etc, it seems to have changed tack in the current fiscal.
