Kolkata: After the Pronam app and the Pronam call centre, Kolkata Police on Tuesday launched the Medical Privilege Card (MPC) Project whereby senior citizens will be provided QR code-enabled smart cards. This card is supposed to carry all details of the health of each individual Pronam member. Gradually, the project will also cover senior citizens. … Read more
Retail inflation at a 18-month low may be comforting for investors, but the central bank’s MPC when it meets in June will have its plate full – the sudden reversal by the Australian central bank, an unlikely softening by the Fed and domestic farm prices. Driven largely by base effect, headline retail CPI inflation is … Read more
The Reserve Bank of India’s (RBI) monthly bulletin sounded caution about sporadic and localised supply shocks that may need fine-tuning of measures within or outside the realm of monetary policy. The change in inflation trajectory could be led by higher demand in specific sectors. “For monetary policy, the recommendation would be ‘wait and watch’, while … Read more
The Reserve Bank of India is likely to announce another rate hike on Thursday, following the bi-monthly review of its monetary policy. RBI Governor Shaktikanta Das is set to address the press at noon tomorrow, with the Monetary Policy Committee having met on April 3 and April 5, with one more day of deliberation set … Read more
Mumbai: Reserve Bank of India governor Shaktikanta Das has said the moderate hike in the policy rate — first since the cycle began last May — gives the central bank the leeway to make appropriate data-driven changes in the policy going forward. The RBI governor stopped short of making any forward looking statement on the … Read more
Chennai: With the retail inflation down, if the Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8. The RBI’s MPC will be meeting on February 6-8 to decide on the rates. “Inflation … Read more
“I think we certainly need to understand the technology, we need to proceed cautiously on building out a rupee CBDC. Also, I think urgency to do it because there is a consumer demand at this point is simply not there,” says Raghuram Rajan, Former RBI Governor & Prof, University of Chicago Booth School. Mythili Bhusnurmath: … Read more
Monetary policy on its own cannot influence economic growth but can only support it by creating congenial factors, Reserve Bank of India (RBI) deputy governor Michael Patra said Thursday. Formulating monetary policy has become more challenging in the current environment because of data lags and also frequent reviews, Patra said. “On the basis of data … Read more
While the fiscal second quarter growth may be just half of what it was in the first quarter, the central bank may not still put a brake on raising interest rates as price pressures continue. Economists have factored a lower growth for the September quarter at 6.5 percent compared to 13.5 percent in the June … Read more
Arguments for ‘wait and watch’ on future interest rate increases are gathering pace among members of the Monetary Policy Committee as past increases ripple through the system, but Reserve Bank of India insiders are weighing the consequences of financial markets turbulence arising from monetary tightening in developed markets. The Reserve Bank raised the benchmark policy … Read more