Heena Sharma Blog

It was widely expected that the Reserve Bank of India (RBI) would cut interest rates on Friday for two reasons. The first is that by now it has become a habit where low growth tendencies, which have taken precedence over the original goal of inflation targeting gets thumbs-up for a rate cut. The second is that over the last month or so, the government has announced various steps to revive the economy with the last measure being the corporate tax cut. A rate cut after all these announcements appeared to be a foregone decision. The point of interest, however, was the quantum of the cut. The last time the Governor went in for 35 basis point (bps) cut, which was non-conventional and had popped up the choice between 25 bps and something more this time around. The RBI has settled for 25 bps this time. Given that the 110 bps rate cut so far has not quite led to the uptick in investment, one can look upon the series of rate cuts as being work in progress to lower the cost of capital ...

During decision years, for example, this one, India's active fund priest offers up just a "between time spending plan," under the suspicion that the approaching government will have diverse arrangement needs. Given that Prime Minister Narendra Modi's legislature was reelected so effectively, one may think the spending it's booked to introduce on July 5 won't look vastly different. It should. Modi's new fund serve, Nirmala Sitharaman , faces unexpected conditions in comparison to her forerunner. In the months since the between time spending plan, India's economy has gotten ugly. In May, we discovered that the economy had developed at just 5.8% in the three months among January and March, essentially lower than anticipated. The storm - pivotal for development in agribusiness, which utilizes half or a greater amount of India's specialists - has failed to meet expectations. Downpour in June was a third not exactly expected; it was the fifth-...

The world’s leaders have come to recognise water and the climate as major global risks. However, significant actions to tackle them haven’t been taken, according to a new report by China Water Risk (CWR), a non-profit organisation, that addresses business and environmental risks arising from China’s urgent water crisis. The Hindu Kush Himalaya (HKH) region comprises over a dozen countries sharing water from ten rivers. China is the largest of these countries and arguably the most influential. To pay attention to its attention is no different from paying attention to security, foreign policy, environmental and economic implications for all the countries involved – especially India. The 16 countries in the HKH – a.k.a. the HKH 16 – are divided into two groups. Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan make up the HKH 8 from which rivers originate. Cambodia, Kyrgyzstan, Laos, Tajikistan, Thailand, Turkmenistan, Uzbekistan and Vietnam are cal...