Cash Slush; Goan Script; elBulli 1846
Opinion Watch
Cash Slush
After burning deep holes in the EMI-burdened population with steep hikes in Repo Rate, the Reserve Bank of India (RBI) is now looking at the progress of Monsoon to examine if the rates could be cut, suggested The Asian Age in its Editorial on the status quo meeting of the monetary policy committee of the Central bank. The daily reasoned that the banks may not see lending pressure, as 50 per cent of the phased out ₹ 2000 notes (₹ 1.80 lakh crore) in circulation have come back to the banks.
The daily reasoned that the RBI may not cut the Repo Rate, benchmark that decides lending rate of interests, until December this years because of the excessive liquidity – also because of global investors pumping in $7 billion in equity markets since March, a slew of polls to release more cash in circulation, etc.
The RBI is targeting four per cent inflation, which may be ambitious in prevailing situations. It’s worth debating if the RBI helped the cause by blindfolded copying the US Federal Reserve in jacking the rates. In the meantime, the middle class in India reels under costly fuel and EMIs without corresponding raise in their incomes.
Goan Script
Easy way to forget painful part of history is by tearing off chapters from the history books and demolishing visible signs, and The Telegraph in its Editorial hit out at Pramod Savant government in Goa for erasing Portuguese remnants. The daily said that the Savant government is on a temple building spree to free minds of the people from the memories of Portuguese Rule.
Shivaji, the daily opined, is a convenient icon, who is being promoted in Goa in a big way. But the Kolkata-based daily reminded that Shivaji had good relations with Portuguese and some Muslims at different times.
Fretting over history is a sign of old age, and Savant despite being one of the young chief ministers is betraying attributes of a mind that is timid of the past. The state resources should be better deployed for building future, and certainly not on artificially erasing history.
elBulli 1846
El Bulli, an iconic restaurant in Catalonia in Spain, will now be part of a museum, and its dishes which enchanted the food lovers will be seen in plastic and wax model. The Indian Express in its Editorial has lamented that the museum could not replicate the multi-sensory appeal of the dishes of the restaurant that served mouth-watering delicacies.
The Noida-based daily recapped some of the popular dishes which included the likes of Vegetable Panache and it was not a war stew but an assembly of cold elements, chicken curry turned into ice cream, edible smoke for dinners, etc.
El Bully by the given account was indeed an innovator who gained popular appeal for thinking out of the box. Restaurants in Delhi may also introspect why their menu is limited to just everything made of paneer in almost same fashion, and take inspiration from El Bulli that shut shop in 2011.
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