If inflation rises, the RBI hikes interest rates. If it goes down, the RBI does nothing. Why? For that, you need to know the RBI’s real job.
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An abandoned village is one where no one lives. Throughout history, people have abandoned their villages for various reasons—the threat of wild animals, flooding, dam-building, forest fires, wars, etc. Today, Japan probably has the highest number of abandoned villages. The most frequently cited reason I found on the internet is Japan’s declining population. As older […]
The RBI gives the government an unexpected bonanza. India, meanwhile, receives very little foreign investment. And other stories.