The Reserve Bank of India (RBI) has published the first set of norms to regulate digital lending. In this context our
lead editorial notes that, while the norms sensible, the RBI could also ensure greater transparency by mandating all fees and charges be clearly disclosed and it could regularly release aggregated and anonymised data to give a sense of market size and growth rates.
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Forecasts of economic doom are premature and central bank-bashing is misplaced, writes
T T Ram Mohan.
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Arvind Subramanian and Josh Felman argue that three shocks to globalisation have squeezed opportunities for China while enlarging them for India.
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QUOTE OF THE DAY
“May God save the Election Commission of India if it can only wring its hands when electorates are sought to be bribed through freebies.”
 "RBI")