Skip to main content
Though sports persons are free to express their solidarity for any event or political cause, they should not bring such things into sports field. Whether it is an offence or a mere action, sports should always be free from such political or religious issues or contentions. Moreover, sportsmen should follow the rule book true to their sportsman spirit.

Comments

Popular posts from this blog

My Quick Take on the RBI Monetary Policy Announcement

  My Quick Take on the RBI Monetary Policy Announcement Overall, I believe the RBI's decision to maintain the repo rate at 6.5% and raise the GDP growth forecast for FY23-24 to 7% is a positive and prudent move. Here are my perspectives on the key aspects:   1. Pause in the rate hike cycle: Anticipate a protracted pause in the short-term key lending rate due to the increasing GDP growth and controllable inflation. This will provide much-needed relief to businesses and individuals struggling with high borrowing costs.   2. Stable economic growth: India's GDP growth of 7.6% in Q2 FY23-24 demonstrates a resilient and vigorous economic revival. The RBI's updated projection of a 7% expansion for the whole fiscal year further reinforces this optimistic perspective.   3. Inflation remains a concern: While the recent decline in inflation to a four-month low is encouraging, continued vigilance is necessary. The RBI's focus on withdrawal of accommodation w...

The Dynamics of Finance-Growth Nexus in Advanced Economies

This study investigates the relationship between finance and economic growth in advanced economies as these countries experience significantly higher levels of financial development. Using a fully balanced panel of 31 years from 1983 to 2013 for 24 economies, we provide new evidence on the finance-growth relationship. We evidence the presence of nonlinearity as there is an inverted U-shaped relationship between finance and growth in the long run. The results show that there exists a threshold effect of the finance-growth relationship estimated at 142 percent of GDP. We find that surpassing the threshold would cost the countries instead of furthering economic growth as too much finance is harmful. Based on the panel Granger causality test results, we argue that financial development should be associated with optimal growth performance. Our findings for the advanced economies provide useful inferences to the emerging and developing economies in designing their financial dev...

Monetary and Fiscal Policy Coordination during the Fiscal Dominance Regimes

Key points • This study empirically examines the interaction between monetary and fiscal policy by using Vector Auto Regressions (VAR) and a Vector Error Correction Model (VECM) and explores the need for coordination. • The Stackelberg interaction model with government leadership to know the strategic interaction between monetary and fiscal policy is analyzed. • The findings show that an unexpected increase in the monetary policy effect: (i) has a contractionary impact on the economic growth; (ii) leads to a gradual decline in the inflation; (iii) tightens the liquidity conditions; and (iv) rise in the bond yields. On the other hand, an unexpected increase in the fiscal policy effect: (i) has a positive effect on GDP growth; (ii) has an initial decline, but a gradual rise in the inflation levels; and (iii) leads to falling bond yields. • Monetary policy is found to be more responsive to fiscal policy effects. The results imply that there is a greater need for effective coordinat...