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One Year Later, What Changes Should We Expect in the RBIâs Pandemic Playbook? Almost one year down the line, circumstances have changed to a great extent, thus making the response from the central bank less obvious and straightforward compared with March 2020. A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, July 8, 2019. Photo: Reuters/Anushree Fadnavis/Files Macro11/Mar/2021 The COVID-19 pandemic has kept all Indian policymakers on their toes over the last year, including the Reserve Bank of India (RBI). So far, the response from Indiaâs central bank has been exactly what the doctor had ordered to alleviate the implications of the pandemic. The RBI responded with a mix of conventional and unconventional measures, which has included reduction in policy rates by at least 115 bps, sustained forward guidance in the form of an accommodative monetary policy stance, ample liquidity support via open market ....
Pitching for a good pitch And raising some uncomfortable questions on ‘home advantage’ The Ahmedabad Test was the shortest match since 1935, where 29 of the 30 wickets that fell went to spinners. What’s more, of these 29 wickets, 21 batsmen fell to straight deliveries. This predictably led to a huge furore over the quality of the wicket. Leading the critics was former England captain Michael Vaughan, who even urged the ICC to act against the BCCI for preparing such a pitch. The ‘defenders’ of the pitch found nothing wrong with it but everything wrong with the England batsmen and their attitude. Virat Kohli and R Ashwin (who’s going through a purple patch both with the ball and bat) defended the pitch with the latter even asking, a touch self-righteously, “what’s a good surface, who defines it?” He even went on to debunk the concept of a ‘good pitch’ which, according to conventional wisdom, is supposed to initially favour seam bowlers, then the ....