Grab a drink and grow your finance acumen

Recent surge in Indian equity market might have brought cheer to the jittered investors, but credit should be given to the RBI Governor ‘Urjit Patel’ for his austere move of buying back govt securities to infuse capital into parched Indian market, especially at the time when the sanctity of the central bank is being questioned by the government. Government has always been at loggerheads with central bank over economic policies, even pointed out by the last RBI Governor ‘Raghuram Rajan’. It might have turned severe this time with government threatening the autonomy of central bank leading RBI deputy governor coming forward quoting “Governments that do not respect central bank independence will sooner or later incur the wrath of financial markets, ignite economic fire and come to rue the day they undermine an important regulatory institution.” However, the tensions seem to have eased off with markets finally gaining momentum, US waiving Iran’s sanctions and record GST collection ah