The week has seen several notable developments. Railway Minister Piyush Goyal suggested that the Reserve Bank of India (RBI) cut interest rates, citing the retail inflation rate falling to 3.4% in October. The article argues that the RBI should not be influenced by vegetable prices, which are outside its control. Meanwhile, the Armed Forces Special Powers Act (AFSPA) was imposed on additional districts in Manipur, sparking concerns about the state’s security situation. Additionally, Vistara, a successful airline, has been absorbed into Air India, putting its brand value and customer goodwill at risk. Finally, the Goa government’s decision to register a FIR against an unknown social media user is seen as a knee-jerk reaction, rather than taking concrete action to address the issue. The article criticizes the government’s lack of transparency and failure to provide official numbers to back up its claims. Overall, the week has been marked by a mix of economic, security, and social issues.
A succinct analysis of October’s retail inflation, the situation in Manipur under AFSPA, and the implications of the Air India-Vistara merger, condensed to 50 words.
Nov 17, 2024 | Air India, Aviation India, vistara