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The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

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.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

RBI’s first Monetary Policy Committee bows out, its record sullied by inflation at the end

RBI's MPC will be overhauled with 3 new external members expected to join by October & possibly changes to its targeting framework introduced next year.
Illustration: Soham Sen | ThePrint

Modi govt is embracing some discarded Congress policies. But they won’t work even now

Policies like deficit monetisation, loan restructuring, higher tariffs and import licencing have been brought back to combat the economic fallout of Covid-19.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI turns cautious amid inflation, keeps interest rate unchanged at 4%

RBI expects headline inflation to remain elevated in the second quarter of 2020-21. It also sees real GDP shrinking in the first half as well as the full year.

Why RBI Governor Shaktikanta Das is not likely to risk another rate cut this week

CPI-based inflation has remained over 6% for last 2 quarters. With NPAs also expected to rise significantly, RBI could focus on financial stability this time.
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai

RBI sticks to script, holds rates due to inflation and fiscal deficit

RBI projects growth for 2020-21 at 6%. Repo rate retained at 5.15% and reverse repo rate at 4.9%.
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2020-21 on 1 February | Photo: ANI

It’ll be a tight-rope walk, but here’s what Sitharaman can do to boost investor confidence

Finance Minister Nirmala Sitharaman faces difficult choice in Budget 2020 — to provide stable policy regime or make policy changes to arrest the slowdown.
The Reserve Bank of India (RBI) logo is displayed inside the central bank building in Mumbai

RBI surprises with no rate cuts, slashes full-year growth projections to 5%

RBI's monetary policy committee retains repo rate at 5.15% & reverse repo at 4.9% in a unanimous decision, notes 'there is space for future action'.
The Reserve Bank of India (RBI) logo is displayed on a gate at the central bank's headquarters in Mumbai

RBI lowers key policy rate by 25 bps in fifth straight cut, repo rate 5.15% now

Acknowledging the persistent economic slowdown, RBI also lowers the growth forecast for 2019-20 to 6.1 per cent from 6.9 per cent.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

Hair oil to bikes — Indians are cutting down on spending ⁠& that’s not the real problem

The drop in sales is indicative of the economic slowdown becoming more entrenched, and will add pressure on policymakers to ease fiscal & monetary policy.

On Camera

Floodwater gushes through a street following heavy rains, at Falaknuma, in Hyderabad, Wednesday, 14 October, 2020.| PTI

Pollute oceans and it’ll come back at us like it did in Andhra, Telangana: Manpreet Badal

We don't seem to have learnt the lesson from cyclones Ockhi and Amphan and continue to dump toxic wastes in the Indian Ocean. Our punishment this time could be severe.

Kotak Mahindra Bank is exploring taking over IndusInd Bank

IndusInd, however, denied any sale talks, calling it a rumour. It said the bank’s founders reiterate their full support 'now and always'.

Defence

Defence Minister Rajnath Singh at Sukna Military Camp in Darjeeling district on Saturday | ANI

India wants to end border row with China, but will not cede an inch of land, says Rajnath Singh

The defence minister was speaking after performing 'Shastra Puja' at the Sukna-based headquarters of the Indian Army's 33 Corps in Darjeeling on the occasion of Dussehra.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.