RBI

By: Ajit Ranade
Category: Common citizen, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
The latest data for March shows the inflation rate to be 2.86 percent. The average inflation during the last fiscal year which ended in March is about 3.5 percent. This has been a remarkable success story, the credit for which should go jointly to the Reserve Bank of India and the NDA government.... read more
By: Ranjit K Pattnaik
Category: Common citizen, Inequality, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
The headline retail inflation measured in terms Consumer Price Index —Combined (CPI-C) has trended downward since September 2018 and reached 2.0 per cent in January 2019 on a year-on-year basis. This is the floor for retail inflation legislatively mandated under the Flexible Inflation Targeting (... read more
By: Ranjit K Pattnaik
Category: Common citizen, Taxes, Global, RBI, Jobs, India politics, Indian economy
The Monetary Policy Committee in its first bi- monthly resolution on April 4, 2019 for the current fiscal has reduced the policy repo rate by 25 basis points. Two months earlier on February 07, 2019 the MPC made the same rate cut of 25 basis points. Thus, cumulatively, there has been a rate cut of... read more
By: Himadri Bhattacharya
Category: Common citizen, Taxes, Global, RBI, Jobs, India politics, Indian economy
There was no surprise this time. As widely expected, the MPC of the RBI cut the policy repo rate by 25 basis points to 6% in its first bi-monthly meeting this fiscal by a 4-2 vote. The policy stance has been kept unchanged at ‘neutral’. Interestingly, the two MPC members who opposed the rate cut... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
There is much debate on the Indian National Congress campaign promise of NYAY – justice in English but in Hindi an acronym for ‘Nyuntam Aay Yojana’, or the Minimum Guarantee Scheme, under which the poorest 20 per cent households would receive Rs.72,000 per annum if the proposal turns into policy.... read more
By: Ajit Ranade
Category: Common citizen, Governance, Health, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
The Congress party announced that if elected to form the next government, it would implement a Nyuntam Aay Yojana (NYAY), which will transfer Rs 72,000 as cash income annually to the bottom fifth of the poorest families. The acronym NYAY means justice. The implication is that this “injustice”... read more
By: Ranjit K Pattnaik
Category: Blackmoney, Common citizen, Governance, Taxes, Global, RBI, Jobs, India politics, Indian economy, GST
One of the important objectives of demonetisation was to discourage the use of cash and to check the amount of “currency in circulation” and thus reduce the flow of black money in the system. “Currency in circulation” is an important measure in that sense and has been used by the government to... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Global, RBI, India politics, Indian economy
The story of Nirav Modi leading a rather comfortable life in London appears to have galvanised Indian authorities to action. Reports now say the CBI has sought his immediate arrest, and that a UK warrant could be only weeks away. The swift response after the UK Telegraph’s interview with Mr. Modi,... read more
Category: Common citizen, Governance, Taxes, Global, Union Budget, RBI, India politics, Indian economy, GST
During the reform period till 2013, the Government took several steps to strengthen the balance sheet of the Reserve Bank of India and added to the reserves. For instance, the excessive cost of sterilisation which normally is borne by the Central bank was shared by the Government to keep the... read more
By: Jagdish Rattanani
Category: Common citizen, Governance, Inequality, Sustainability, Taxes, Global, RBI, Jobs, India politics, Indian economy, Inclusive growth
Ms. Chanda Kochhar is now facing the full brunt of a wide-ranging investigation. Multiple agencies are poised to probe deep into a case that the worthies on the ICICI Board dismissed not too long ago. ICICI Bank has a new CEO since October 2018. The bank under him has moved with full force against... read more

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