Finance minister Nirmala Sitharaman does not agree with the sentiment that there is a disconnect between the stock market’s current run and the real economy. On a question by ET on whether the soaring bourses were out of sync with what was happening on ground, Sitharaman said the rally had sustained through 2020 and the … Read more
NEW DELHI: When Consumer Price Inflation – RBI’s monetary policy anchor— rose to a six-month high of 6.30 per cent in, May equity and debt markets started preparing themselves for the obvious response from the central bank, whose mandate is the consumer price gauge – normalisation of policy. But RBI Governor Shaktikanta Das and Deputy … Read more
Reserve Bank Governor Shaktikanta Das on Friday welcomed the government’s decision to end retrospective taxation and termed it as a “timely” move. The career bureaucrat-turned-central banker also welcomed the government’s approach to the pandemic-triggered crisis as a prudent and calibrated one. On Thursday, the government brought a bill in the Lok Sabha to withdraw all … Read more
The Reserve Bank of India raised inflation forecasts on the back of higher oil and other raw materials while it maintained the growth forecast at 9.5% for FY22 despite anemic investment demand. Governor Shaktikanta Das said inflation measured by the consumer price index (CPI) might remain close to the upper tolerance band of 6% up … Read more
By Jaiveer Shekhawat India’s monetary policy makers need to support economic growth even at the cost of their inflation-fighting credentials, as tackling the pandemic situation requires extraordinary measures, a former central bank governor said. The federal government’s large borrowing plan and the Reserve Bank of India’s willingness to support it are bound to fan inflation, … Read more
The second wave of the pandemic took a “grievous toll” on India, but the dented economic activity has started recovering from late-May, Reserve Bank governor Shaktikanta Das said on Thursday. In a first, Das flagged the rising data breaches and cyber attacks as a risk facing the economy, along with others like firming global commodity … Read more
The Reserve Bank of India (RBI) Friday declared its intent to keep borrowing costs low for the government and companies by buying more bonds from the market, leaving key interest rates and the accommodative monetary policy stance unchanged to nurse a fragile economy back to health amid a global price surge in commodities. The growth … Read more
MUMBAI: In a reflection of the uncertainty that surrounds policy making these days, economists now believe that the best course of action for the Reserve Bank of India’s rate-setting panel on Wednesday will be to reiterate its commitment to keeping monetary policy accommodative in the wake of a raging second wave of Covid-19 infections in … Read more
Aa Dekhe Zara… kisme kithna hai dum – said the virus to the vaccine! This is the backdrop against which RBI’s Monetary Policy Committee (MPC) members are set to meet to decide the way forward for money policy in the economy. As the pandemic completes its maiden anniversary, apprehensions with respect to the second wave … Read more
The suspense is over. Hours before the deadline for the expiry of the monetary policy framework agreement at the midnight of March 31, GoI announced its decision to extend it by another five years. Wisely so. The present climate of uncertainty is not the time to make drastic changes in the framework. But that does … Read more