World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Monetary policy in India: The cycle turns
Keywords:
India's central bank chief, Rajan, favors a lower inflation target of 4%, with fluctuations of 2% up or down. Lower inflation is critical for India to achieve higher growth rates. The World Bank lowered the rate of growth in the global economy but kept the rate of growth of 6.4% for India unchanged. Rajan also favors creating a more formal system for setting rates, with a committee like the Open Market Committee in the U.S. deliberating over the different factors for such a decision. Rajan was a professor at the University of Chicago, and chief economist at the IMF, before joining the central bank. Central bank policies have helped stabilize India's currency, the rupee. The lower cost of oil for India with an oil import bill of $100 billion is a big boost for economic growth. For the global economy this comes at a time when China's growth rate is slowing to below 7%.
Inflation and RBI central bank policies in India under Rajan in 2014-2015 with the election of the new Modi administration
06/04/2014
Grouped Articles
India's Rajan May Have to Head Off Modi
Wall Street Journal 06/04/2014
Indians Temper Expectations for Prime Minister Modi's Agenda
Wall Street Journal 07/07/2014
Raghuram G. Rajan, India’s Central Banker, in Defense Mode
New York Times 01/15/2015
India’s Inflation Fight Pays Early Dividend
Wall Street Journal 01/16/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Central Banks in India and Australia Take Steps to Lift Growth
New York Times 02/03/2015
India- interest rate increases by the central bank in 2011-2014
05/13/2010
Interest rate increases in by India's central bank, the Reserve Bank of India (RBI).
Grouped Articles
How Duvvuri Subbarao Is Steering India's Economy
BusinessWeek 05/13/2010
Delhi Taps IMF Veteran to Run Central Bank
Wall Street Journal 08/07/2013
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
It's India's Year of Inflation
BusinessWeek 07/22/2010
Staying Away from Indian Bonds
Wall Street Journal 12/18/2013
Inflation in India : 2009-2014
05/13/2010
The poor monsoon in 2009 was a major factor in the rise of prices paid by consumer and farm workers, which saw arise of 14% annually by mid 2010, and were the highest of 17 countries in the Asia-Pacific region in Bloomberg tracking. The Reserve Bank of India (RBI), India's central bank, is making efforts to control inflation with interest rate increases.
Grouped Articles
How Duvvuri Subbarao Is Steering India's Economy
BusinessWeek 05/13/2010
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
Balancing Act for Indiaâs Top Banker
New York Times 11/07/2013
Staying Away from Indian Bonds
Wall Street Journal 12/18/2013
Setting a Course for India's Inflation Nirvana
Wall Street Journal 01/23/2014
RBI (Reserve Bank of India) efforts to stabilize the rupee in 2012-2014
08/07/2013
Grouped Articles
Options for India’s New Central Bank Chief
Wall Street Journal 08/07/2013
India's Rajan May Have to Head Off Modi
Wall Street Journal 06/04/2014
Monetary policy in India: The cycle turns
Economist 01/18/2015
Rising U.S. Rates Could Mean Hard Fall for Some Currencies
WSJ 03/17/2017
India's economy in 2010-2015
06/25/2010
Grouped Articles
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Indian Markets Battered by Signs of End to Easy Money
Wall Street Journal 08/17/2013
India Tackles Fear of a Market Crisis
Wall Street Journal 08/19/2013
A Summer of Troubles Saps Indiaâs Sense of Confidence
New York Times 08/18/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
How Emerging Markets Can Get Their Mojo Back
Wall Street Journal 09/12/2013
Winners and losers in emerging markets in 2015 with lower oil prices- Turkey and India are winners, China a beneficiary, Russia, Venezuela and Brazil are losers
01/18/2015
The economic prospects of emerging market countries have changed significantly since 2013. In Turkey political problems and a high current account deficit led to a slump in the lira and high interest rate policies by early 2014. In India the Congress party government let the economy drift in 2013 with no action taken. The newly elected Modi adminstration in 2014 and now lower oil prices are giving a major boost to economic growth in India. China with huge oil imports is also a beneficiary as it tackles problems from the boom years and growth slows to below 7%.
Grouped Articles
Turkey’s economy: Saved by the well
Economist 01/18/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Oil Prices Slump as Inventories Rise Near 80-Year Highs
Wall Street Journal 02/05/2015
India Growth Rate Set to Rival China
Wall Street Journal 02/10/2015
Turkish Officials Seen Stoking Crisis as Lira Hits Record Low
Wall Street Journal 03/05/2015
A Windfall for China as Commodity Prices Plunge
Wall Street Journal 03/16/2015
Emerging market perceptions changing in 2014-2015 with new leaders or political changes
10/01/2014
New leaders in India and Indonesia in 2014 have given a new confidence to investors, whereas leaders in Brazil, Turkey and South Africa have lost investor confidence. Erdogan for Turkey, Zuma for South Africa, and Rousseff for Brazil, do not inspire the same level of confidence. Other leaders who have changed investor perceptions for emerging markets are Putin in Russia with the sanctions. The rapidly changing situation with democracy protests in Hong Kong is eroding investor confidence in China as well, as Jinping in China is seen as adopting the Putin Way.
Grouped Articles
Markets Diverging in Emerging World
Wall Street Journal 10/01/2014
Putin Trumpets Economic Strength, but Advisers Seem Less Certain
New York Times 10/02/2014
Russian Companies Clamor for Dollars to Repay Debt
Wall Street Journal 10/10/2014
Why this teenager is a threat to Erdogan - The Washington Post
Washington Post 12/27/2014
Turkey’s economy: Saved by the well
Economist 01/18/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Foreign investors in India's stock market and the emerging markets crisis in 2013
02/07/2012
Grouped Articles
Emerging Stocks' Emerging Problems
Wall Street Journal 08/23/2013
A Surprising Reversal for Emerging Stock Markets
New York Times 08/23/2013
Skidding Rupee Endangers India's Slowing Economy
Wall Street Journal 08/28/2013
Indian Shares Advance to a Record
Wall Street Journal 10/31/2013
Wall Street Journal 11/04/2013
Wall Street Journal 11/17/2013
Keith Bradsher's NYT interview with Raghuram Rajan, Governor of the Reserve Bank of India, Jan. 14, 2015
01/15/2015
Rajan says he works well with prime minister Modi's economic policymaking team, including Arun Jaitley, the finance minister, and economic advisors to the Indian government. With the drop in oil prices there was pressure from the business sector and the small business support base of the new government for a reduction in interest rates. Rajan says he held off on reducing rates at the Dec. 2, 2014 meeting because it was not clear at the time whether the oil prices would remain low for an extended period. Since then inventory data and OPEC policymakers guidance show the prices are likely to remain low for an extended period. On Jan. 14, 2014, Rajan lowered rates by one quarter of a percentage point. In the Indian setup the Governor of the central bank makes decisions compared to the Federal Open Market Committee making decisions at the U.S. Federal Reserve.
Grouped Articles
Raghuram G. Rajan, India’s Central Banker, in Defense Mode
New York Times 01/15/2015
India’s Inflation Fight Pays Early Dividend
Wall Street Journal 01/16/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Central Banks in India and Australia Take Steps to Lift Growth
New York Times 02/03/2015
Watching the Fed, and Remembering the Tequila Crisis
New York Times 09/18/2015
How New RBI Governor Patel’s Style Differs From Rajan’s
WSJ 10/05/2016
India's central bank, the RBI and policies to control inflation and achieve other economic goals.
03/19/2006
Policies and actions of India's central bank, The Reserve Bank of India (RBI).
Grouped Articles
How Duvvuri Subbarao Is Steering India's Economy
BusinessWeek 05/13/2010
Delhi Taps IMF Veteran to Run Central Bank
Wall Street Journal 08/07/2013
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
Taping Up India's Broken House
Wall Street Journal 10/30/2013
Balancing Act for Indiaâs Top Banker
New York Times 11/07/2013
Raghuram Rajan as the Governor of the Reserve Bank of India, India's central bank
08/25/2010
Grouped Articles
Rajan Has Limited Rupee Options
Wall Street Journal 08/06/2013
Indian Markets Battered by Signs of End to Easy Money
Wall Street Journal 08/17/2013
India's Central Bank Surprises Markets With Rate Increase
Wall Street Journal 09/21/2013
India's Central Banker Lobbies Fed
Wall Street Journal 10/13/2013
Taping Up India's Broken House
Wall Street Journal 10/30/2013
Balancing Act for Indiaâs Top Banker
New York Times 11/07/2013
An unambiguous positive effect on the global economy of the 2014-2015 decline in oil prices
12/08/2014
The positive effect on the U.S. measured in percentage of GDP of savings from oil import bills- 0.5%. For Germany 0.8%, Japan 1.2%, China 0.8%, India 1.8%, South Korea 2.4%. A much needed boost for Japan, India, China, and the eurozone at a critical time of flagging economic growth.
Grouped Articles
Falling Oil Prices Spur New Bets on Global Economic Growth
Wall Street Journal 12/08/2014
As Oil Falls, a Look at the Risks
Wall Street Journal 12/09/2014
Oil Prices Slip Further After IEA Report
Wall Street Journal 12/12/2014
Oil Jobs Squeezed as Prices Plummet
Wall Street Journal 12/28/2014
Oil Prices Tumble to Fresh Lows
Wall Street Journal 01/06/2015
Wall Street Journal 01/06/2015
India's economy under the Narendra Modi administration in 2014-2018
05/17/2014
Grouped Articles
India Stocks Rise on Election Results
Wall Street Journal 05/17/2014
India's Next Leader Inherits a Weak Wind
Wall Street Journal 05/17/2014
Tata Consultancy Services CEO Welcomes Narendra Modi Election
Wall Street Journal 05/19/2014
Wall Street Journal 05/17/2014
Modi, India’s Next Prime Minister, Adopts a New Tone
New York Times 05/20/2014
Competing Visions for Russia’s Economic Future
New York Times 05/22/2014
Commodities prices and structural changes with higher demand levels in China, India and emerging markets
06/11/2012
Grouped Articles
Commodity prices drop on economic woes in Europe, China, U.S. - The Washington Post
Washington Post 06/11/2012
China Slowdown Is Rocking Raw Materials
Wall Street Journal 03/12/2014
China’s Slowdown Hits Price of Iron Ore
Wall Street Journal 12/01/2014
Turkey’s economy: Saved by the well
Economist 01/18/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Commodities Fall as Stockpiles Mount Up
Wall Street Journal 01/19/2015
Emerging Markets Financial Crisis in 2014 and 1997- the difference in 2014 is less contagion as investors look at individual countries
01/09/2009
The current account deficits are high in Thailand and Turkey, and this is coupled wth political uncertainty. Argentina faces high inflation at over 20%. Investors have focussed on Argentina and Turkey. Countries that failed to learn from the 1997 crisis such as Argentina, Turkey and Thailand, are seen in a different light from Mexico and Poland. India faces inflation of about 10%. Other countries affected are Russia, Brazil and South Africa. Most of the countries have flexible exchange rates in 2014 compared to fixed exchange rates in 1997, and higher dollar reserves in 2014 which helps cushion the effects of overseas borrowing. The effects on Europe and the U.S. in 2014 are seen as limited to how this affects the global economy.
Grouped Articles
Emerging-Market Slide Tests How Much Nations Learned From Past
Wall Street Journal 01/30/2014
Russia Prepared to Let Ruble Slide
Wall Street Journal 01/30/2014
Selloff's Spread to Europe Is Sign of Broad Fear
Wall Street Journal 01/31/2014
Economic Turbulence Chips at Support for Turkish Premier
Wall Street Journal 01/31/2014
Red Alert on Russia Is Premature
Wall Street Journal 02/03/2014
Brazil Tries to Borrow Its Way to Prosperity
Wall Street Journal 02/10/2014
The 2014 G-20 meeting in Australia and the topic of reduced capital inflows to emerging markets
02/21/2014
Brazil and India are expected to call for the U.S. Fed to keep emerging markets slowing growth in mind as it reduces bond purchases. Yet the U.S. Fed will continue to focus on U.S. economic conditions.
Grouped Articles
U.S. to Face G-20 Pressure Over Bond-Buying Cutbacks
Wall Street Journal 02/21/2014
Turkey’s economy: Saved by the well
Economist 01/18/2015
Monetary policy in India: The cycle turns
Economist 01/18/2015
Fed Must Consider the World and All U.S. Employment
Wall Street Journal 04/09/2015
Opinion: G20 — go back to the roots | DW | 30.11.2018
DW.COM 11/30/2018
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us