HomeBusinessHighlights of RBI monetary policy announcements

Highlights of RBI monetary policy announcements

@the_news_21

Following are the highlights of the RBI monetary policy announced by RBI Governor Shaktikanta Das on Friday:

  • Interest rates left unchanged for 4th time in a row;
  • Short-term lending rate (repo) stands at 4 pc;
  • RBI decides to continue with accommodative stance as long as necessary;
  • RBI Guv says Indian economy is poised to move in only one direction and that is upwards;
  • RBI projects GDP growth at 10.5 pc for 2021-22;
  • RBI revises retail inflation outlook; 5.2 pc for Q4:2020-21, 5 pc in H1:2021-22 & 4.3 pc for Q3:2021-22;
  • Guv Das says Union Budget has provided strong impetus for revival of sectors like health, infrastructure;
  • RBI to restore CRR to 4 pc in two phases beginning March 2021;
  • RBI proposes to provide funds from banks under TLTRO on Tap scheme to NBFCs for incremental lending;
  • RBI announces new scheme to incentivise new credit flow to MSME;
  • RBI to set up panel to provide a medium term road map for strengthening of Primary (Urban) Co-operative Banks;
  • Retail investors to get direct access to government securities market; with this India will join select countries providing such facility;
  • Round-the-clock helpline for digital payment services to be set-up for grievance redressal;
  • RBI will integrate all Ombudsman schemes & introduce centralised processing of grievances;
  • Next meeting of the RBI Guv headed rate-setting panel MPC to take place during April 5 to 7.

Subscribe to TheNews21

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

Stay Ahead with Independent Journalism

Investigations, political analysis and major national and global stories delivered directly to your inbox.

44 COMMENTS

  1. Upon the millions winning momentous on fanduel sportsbook – the #1 legitimate coins casino app in America.
    Reach your $1000 PLAY IT AGAIN bonus and refashion every relate, хэнд and rotate into legitimate readies rewards.
    Fast payouts, huge jackpots, and continuous activity – download FanDuel Casino again and start playing like a pro today!

  2. Νιώσε την αδρεναλίνη στο Betano https://betanogame.org/el/. Οι νέοι παίκτες κερδίζουν έως €500 μπόνους + δωρεάν περιστροφές σε δημοφιλή παιχνίδια. Στοιχημάτισε στα αγαπημένα σου αθλήματα ή γύρισε τα reels 24/7. Το Betano προσφέρει ασταμάτητη διασκέδαση και μεγάλες αναλήψεις.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

spot_img

Html code here! Replace this with any non empty text and that's it.

Must Read

spot_img