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.
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...
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