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Social Issues Why Indian Intelligence is spooked by global index of modern slavery: (Indian Express, Editorial)

What does an ILO-backed report say about the country? Why have its methodology and conclusions been questioned by the IB?


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Indian Economy RBI holds interest rates, warns against fiscal laxity: (The Hindu) Says govt. measures to spur growth risk widening deficit. GST network braces for biggest challenge: (The Hindu) Matching invoices of GSTR 1 and 2 will be a Herculean task. Steadying hand: (The Hindu, Editorial) By holding policy rates, the RBI shifts focus to the government to give a fillip to growth. Waiting for the cut: (The Hindu, Editorial)

It’s not a useful strategy. Because the heavy-lifting to revive growth must be done by government, not RBI.

Focus on inflation prompts status quo despite recent growth jitters: (Live Mint, Editorial) RBI’s MPC now expects inflation to range between 4.2-4.6% in H2FY2018, suggesting that the retention of the neutral stance is justified, despite the recent growth jitters. RBI: Neutral over dovish: (Live Mint, Editorial) As long as it is adhering strictly to the inflation-targeting framework, RBI has little wiggle room to revive growth without sacrificing some policy credibility. Pollution and conservation Coal-fired projections: (The Hindu, Editorial) The draft energy policy fails to consider several critical issues involved in the ongoing energy transition.
Prelims Related News 
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