Earlier this week, Union Finance Minister Nirmala Sitharaman encouraged financial institutions to develop innovative deposit products to enhance customer attraction. In the latest RBI Bulletin, released on Monday, Governor Shaktikanta Das also highlighted that the share of bank deposits has declined with households allocating savings to mutual funds and pension funds. “It is observed that … Read more
The government needs to expedite its work on revised CPI and may help the RBI manage inflation expectations better as the published indices are in divergences with market prices as the current consumer price index- CPI base of 2012. The current indices are derived from the consumption expenditure survey (CES) conducted during 2011-2012, long before … Read more
A “revenge rebound” in spending is generalising price pressures and making them persistent as impact of initial inflationary pressure, delivered by successive supply shocks, have waned, said a Reserve Bank of India paper on Tuesday. The paper, that analysed inflation trajectory in the country after February 2022, said that supply-side shocks resulting from the Russia-Ukraine … Read more