This story of a “joint family approach”, being shared in a small circle of past directors of the RBI Central Board, holds much relevance in the context of the current debate on the optimal level of reserves the Reserve Bank must hold.
The proposal that SECI may bring tenders of 1000 MW each in the months from November to February has come with an assumption that code of conduct for the next general election will be enforced in March 2019.
The H-1B visa is a non-immigrant visa through which many Indians workers are employed in US companies. It allows the US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.
After Moody’s Investors Service gave the country its first sovereign rating upgrade since 2004 in November 2017, the government has been making a strong pitch to Fitch Ratings for an upgrade. Standard & Poor’s has maintained ‘BBB-’ rating on India since 2007.
The state government is keen to produce indigenously designed, developed and manufactured defence equipment for the country, which often involves high import costs, restrictions on niche technology, strict procedural requirements, permissions from multiple agencies and rapid obsolescence.
EV charging infrastructure is required to boost EVs in the country. India intends to have a sizeable share of EVs in the vehicle strength by 2030, which is in line with its commitment to reduce emission intensity by one third from the level of 2005.
The disagreements between RBI and the government came out in open when RBI Deputy Governor Viral Acharya in a hard-hitting speech said failure to defend central bank’s independence would “incur the wrath of the financial markets”.