Direct Port Delivery: To whose advantage?
By Abin Daya The Government is working to improve the ‘ease of doing business’ ranking of the country, and one of the areas of focus is the time it takes for manufacturers to get their imported raw materials and components, out of the port and into their factories. The numbers are not very encouraging, and it currently takes about 9-10 days to get a container out of the port and on its way to the manufacturer. With a view to improving this, the Direct Port Delivery arrangement was started in 2016. How is it faring? Please read on in this week’s update. The most important story of this week, definitely, is the 25 bps cut that the Monetary Policy Committee permitted on ...
In India, deposit rate adjusts more quickly to changes in the policy rate: IMF
The Dollar Business Bureau International Monetary Fund (IMF), in a recent release, pointed out existence of asymmetries in Indian monetary policy. There is a need for empirical evidence on the effects of monetary policy in India, says Sonali Das, IMF Economist. In her research paper titled 'Monetary Policy in India: Transmission to Bank Interest Rates', the IMF official noted that there is a significant pass-through of policy changes to bank interest rates in India. The paper shed light on ‘extent of pass-through from monetary policy to interest rates of Indian banks, effects of monetary tightening and loosening on bank interest rates, changes in monetary policy operating framework, among others,’ as key factors that impact monetary policy. It explained pass-through mechanism from monetary ...
