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Friday, March 29, 2024
TopicMonetary Policy Committee

Topic: Monetary Policy Committee

Why Modi govt has done well to maintain continuity in inflation targeting framework

Many experts argued against retaining 4% plus-minus 2% target, while some wanted to scrap the framework altogether. But it provides stability, can help growth.

‘Elevated inflation likely to stay’ — concern that dominated RBI’s latest monetary policy meet

Inflation has been consistently over 6% over the last few months on account of rising food prices and supply constraints. It touched a 77-month high of 7.6% in Oct.

RBI says GDP to contract by 7.5% in FY21, keeps repo rate unchanged at 4%

The stock markets reacted positively to the GDP growth revision with the BSE Sensex hitting 45,000 for the first time ever.

Future rate cuts depends on moderation in inflation, says RBI Governor Shaktikanta Das

The reconstituted Monetary Policy Committee, which met from 7 to 9 October, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation.

RBI says GDP will contract by 9.5% in FY21, holds repo rate at 4% amid modest recovery

Barring a second wave, India stands poised to shrug off the deathly grip of the virus and renew its tryst with its pre-Covid growth trajectory, says RBI Governor Das.

RBI’s new MPC should focus on transmission. Without that, more rate cuts can be pointless

RBI must work towards better transmission mechanism, for which India needs deep & liquid bond market, competitive banking sector & regulatory framework.

RBI begins MPC meeting with new ‘dovish’ members, all eyes on growth, inflation forecasts

The tilt of the new members is seen as dovish, but market participants don’t see further interest rate cuts. The three-day MPC meeting is under way.

RBI to finally hold Monetary Policy Committee meeting tomorrow but few expect a rate cut

The Finance Ministry Monday announced three new external members to the committee, whose meeting last week was abruptly postponed without explanation.

MPC appointments delay is unusual, but vacancies at the top of RBI & banks almost a norm

In the last few years, delay in appointments has resulted in several posts in regulatory bodies and public sector banks lying vacant for months.

RBI reschedules Monetary Policy Committee meeting, new dates to be announced soon

The panel was scheduled to meet for three days beginning 29 September for RBI's bi-monthly monetary policy review. RBI did not give any reason for rescheduling the meet.

On Camera

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.