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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%.
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'.
File photo Shaktikanta Das | PTI photo

RBI says monetary policy easing will continue as ‘long as necessary’ to revive growth

RBI Governor Shaktikanta Das said policy makers will continue with the "accommodative stance" while ensuring inflation remains within the target.
The Supreme Court had struck down Section 66A in 2015 | Manisha Mondal | ThePrint file

Dave on ‘most damaging SC verdict’, Baru on ‘quarrelling Asians’, & India’s population boom

The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
Finance Minister Nirmala Sitharaman with RBI Governor Shaktikanta Das | ANI

RBI has done its bit to boost India’s economic growth, now the govt needs to do its share

The govt should restore Department of Economic Affairs’ role of pushing for reform & productivity growth by looking beyond short-term & sectoral issues.

Have RBI rate cuts lost their ability to boost economic growth?

With the economy facing a slowdown, the Reserve Bank of India Wednesday cut the repo rate by 35 basis points in its fourth consecutive policy rate cut this year.
RBI governor Shaktikanta Das | Praveen Jain/ThePrint

RBI cuts repo rate for fourth time this year — by surprise 35 bps now

RBI’s monetary policy committee says addressing growth concerns remains highest priority as domestic economic activity continues to be weak.
Illustration by Soham Sen | ThePrint

RBI cuts interest rate by 25 bps: Can transmission happen unless PSU banks are reformed?

RBI Monetary Policy Committee cut the interest rate by 25 basis points Thursday, and changed its policy stance from 'neutral' to 'accommodative'
RBI Governor Shaktikanta Das

RBI governor Shaktikanta Das’s idea of a 10 basis points rate cut would be meaningless

A 10 basis points cut would hardly have any impact on the Indian market. Instead, RBI needs to consider bigger cuts to impact interest rates.
RBI Governor Shaktikanta Das

RBI’s rate cut comes as pre-election stimulus for Modi govt

Govt officials were quick to praise the cut but economists are concerned that the monetary & fiscal stimulus would be inflationary.

On Camera

Hospital staff is seen outside the Special Isolation Ward at the Rajiv Gandhi Government General Hospital in Chennai

Your coronavirus nightmares are good for you. They’ll help prepare for scary times

If your dreams are dark, it’s just the mind’s way of coping. Dreaming about the precise problem you’re trying to solve may be especially helpful.

Modi’s 9-min candle plan Sunday: Needless spectacle or much-needed motivation for Indians?

PM Modi requested Indians to light candles, lamps or mobile torches at 9 pm Sunday for nine minutes in a show of solidarity in the fight against Covid-19.

Defence

Army personnel distribute packaged food to the homeless in Chennai on 31 March 2020 | PTI

In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi

The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.