Highlights
EGROW Webinar by Ramesh Chand
EGROW Webinar by E. BijoyKumar Singh & Indraneel Bhowmik
Twelfth EGROW Shadow MPC Meeting held on 23rd Sep
Recommendation of EGROW Shadow MPC
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Recommendation of the EGROW Shadow MPC Members
1 Member - 50 bp in October
1 Member - 25 bp in October
1 Member - 15 bp in October
3 Members – Pause -
Forecast of the EGROW Shadow MPC Members
1 Member – reduction by 25 bp
1 Member – reduction by 15 bp
4 Members - Pause
EGROW Webinar by Manorajan Sharma, R.K. Anand & Arvind Mohan
EGROW & ASSOCHAM Webinar by Ratna Sahay
EGROW Webinar by Ashok Vishandass
EGROW Webinar by Dr. Arvind Virmani
Eleventh EGROW Shadow MPC Meeting on 31st July
Key Takeaways
- Pandemic represents a unique Supply cum Demand Shock
- Monetary (credit & liquidity) policy has to focus on financial stability
- Inflation is high, mainly on account of food, and could be temporary
- Focus on Transmission of interest rates and credit delivery
- Recovery needs a counter-cyclical rise in credit growth.
- NBFC sector needs serious attention.
- Widen corridor between Repo and Reverse Repo rate
- Extend HTM to banks to incentivize them to invest surplus money market liquidity without fearing MTM hits.
- Monetary Policy should prepare to accomodate fiscal policy
- Need to relax Basel Norms as it could restrict credit flow to markets/industry
Recommendation of EGROW Shadow MPC
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Reduction in Repo Rate
EGROW Shadow MPC Members
1 - 50 bp in August + 50 bp in October
1 - 25 bp in August
1 - 25 bp in August + 75 later in the year
3 - Pause
Guest Panelist from ASSOCHAM
1 – 50 bp in August
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Widening the corridor between Repo and Reverse Repo
2 – Members of EGROW Shadow MPC
Recent Events
EGROW Expert says - Contemporary issues
Dr. Arvind Virmani, EGROW Foundation
Q1. What has to be done to increase public expenditure?
A1: On the manufacturing side, consumer durables, Capital goods and construction are among the worst sufferers from the Pandemic so far. Existing Public investment & infrastructure programs must be accelerated sharply.
Contact Services like Restaurants, hotels, travel, tourism, retail trade, entertainment, are the worst directly affected by the Pandemic. The only way to revive demand for these services is to undertake public health expenditures which will reduce fears of infection and death from the corona virus. Public health expenditures on communicable and infectious diseases and public health education in media and schools must also be stepped up. The “Swatch Bharat” mission should be expanded to promote the modernization of urban, semi-urban sewage systems. State governments should set up similar schemes for semi-rural & rural areas.
A certification system should also be set up to certify Viral load/viral quality of air in public meeting rooms, halls and other large venues. The government should start a big loan program for manufacture & subsidized purchase of Ultra-violet(UV-C) filtration systems for centrally air conditioned spaces and UV lights for cleaning of all closed public spaces, particularly bars, party rooms and public bathrooms. Ventilation improvements in workplaces, offices, shops and commercial establishment could either be part of this program or be included in phase 2.
Declaration of EGROW Essay Competition Result
Time will Tell
By Surjit S Bhalla and Arvind Virmani
Intra-Country Spread of Corona Virus: Wo Index
Intra-Country Spread of COVID and the role of Lockdowns
Covid19 Day 150: What we know — and what we don’t know
Covid19 Deaths: Variation Across Countries
Covid-19 updates
Discussion on PM's clarion call for self-reliant India at CII annual session
Privatisation of Public Sector Enterprises
RBI की ब्याज दरों में कटौती और असर
Atmanirbhar Bharat: Discussion on RBI's key announcements
Will Doubling Spend Solve India's Healthcare Problems?
आत्मनिर्भर भारत : 20 लाख करोड़ का पैकेज
Discussion on PM Modi's Rs 20 lakh crore relief package
Different strokes: A guide to lifting of lockdown, resuming production
Brick by brick: A revival plan for coronavirus-hit Indian economy, industry
Growth Implications of Pandemic
लॉकडाउन और राज्यों के वित्तीय हालात
Urgent cures for Covid-19 economy (Podcast)
Urgent cures for Covid-19 economy
Corona pandemic presents the greatest opportunity for radical reforms
India may cap Covid deaths below 7,000, pandemic seen peaking in June
Coronavirus crisis: Govt must ensure food for all, prevent more people from falling into poverty
Covid-19 lockdown: Is there a road map for economic revival?
How COVID-19 will reset trade & commerce
Impact of Covid-19 on the economy and the way forward
India as new Destination for Global Business
Impact of Covid-19 on Indian economy
Intra-Country Spread of COVID and the role of Lockdowns
Intra-Country Spread of Corona Virus: Wo Index
Covid-19 may drag GDP growth down to 2.3%
Are we headed for lockdown 3.0?
Can India match Chinese success in post-Covid global economy?
Restoring Global Supply Chains
Coronavirus lockdown has slowed the spread of the deadly virus
कोरोना संकट: अर्थव्यवस्था की चुनौतियां और भविष्य
Covid-19: An opportunity for battered banks to reinvent themselves
India takes a hit due to COVID-19 lockdown, What lies ahead?
Global Markets and Economy - The Big Picture
Post Covid World- Time to expand UNSC
Amid coronavirus gloom, a great opportunity beckons India
Open or not to Open the Lockdown?
'Lockdowns Are Costly But Govt's Hand Was Forced By Irresponsible Behaviour'
Covid-19: Enlist local bodies in fight against disease, hunger
Impoverished farmer and high product retail prices the new normal
MSME sector: Eight ways India can back its small enterprises
Impoverished farmer and high product retail prices the new normal
MSME sector: Eight ways India can back its small enterprises
An alternative safety regime for India after we lift the lockdown
Time to re-calibrate ‘India Vision 2020’
Socio-Spatial Distancing: Alternative to Lockdown
Implications of Pandemic & Consequent Economic Crisis: What to Do About It
This crisis is also an opportunity to radically transform economy
‘Good beginning by govt, RBI; but much more needs to be done’
Coronavirus: India should draw from past experience in fighting pandemics
Coronavirus outbreak: Farm sector will be the hardest hit
How To Handle Pandemic Crises?
Surviving Coronavirus scare: A wish list for Indian economy, industry
Research
Policy for Post-Lockdown Indian Economy
Arvind VirmaniEffectiveness of Containment Policies: Corona Virus Cases and Death Rates
Arvind VirmaniGoods and Services Tax: Structural Reform
Arvind VirmaniLockdown Economics: Fiscal Policy during Pandemic Crises
Arvind VirmaniBoard of Directors
Arvind Virmani
Charan Singh
Ashok Vishandass
Rattan Chand
