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Podcast: The Morning Brief
Episode: Explaining RBI’s Raft of Deregulations
Description: In its boldest liberalization push in years, the RBI has announced 22 deregulatory measures in a single day, the highest in its modern history. Among other things, banks can now finance corporate takeovers, investors can pledge more equity for credit, and companies can borrow up to a billion dollars abroad without prior approval. The central bank isn’t cutting interest rates, it’s cutting red tape. But as the guardrails come off, critical questions arise. What’s driving this hyper-liberal shift under Governor Sanjay Malhotra? Is this a decisive step to deepen capital markets and attract dollars or does it sow th...