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India’s sovereign gold bond scheme has been of benefit to retail investors as well as the whole economy. What’s good at the micro level need not be bad for the macroeconomic picture. ....
Gunfire heard near Teknaf border, 2 mortar shells recovered from Naikhongchhari bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.
Jahangir Aziz, Head, Emerging Market Economics at JP Morgan, praises the Indian government s budget consolidation efforts, with the fiscal deficit lower than expected at 5.1%. He emphasizes the need for fiscal consolidation to stabilize India s debt. Aziz believes that the RBI will wait for the Fed to cut rates before doing so itself, as interest rate differentials with the US are currently low. He anticipates that once interest rate differentials narrow, there will be significant portfolio flows into emerging markets, including India, due to low ownership and positioning of emerging market assets. ....