The current repo rate of 4% is the lowest in recent history and the RBI has let it unaltered. But it looks like that this rate can move only in one direction from now — up.
This decision goes against the objectives of the Commission of Enquiry Act.
The formation of a dedicated committee for public policy appears to be the first step towards an image makeover for the party.
A top bureaucrat recounts his association with former Indian President Pranab Mukherjee who passed away on Monday.