The Reserve Bank of India (RBI) announced the review of its Monetary Policy Committee (MPC). There has been no change in the repo rate. It has been retained at 4 percent. Along with this, other key interest rates have also not changed. RBI Governor Shaktikanta Das said that the repo rate will remain at 4% with no change. The MSF rate and Bank rate will remain unchanged at 4.25%. The reverse repo rate will also remain unchanged at 3.35%.
Shaktikanta Das said, "Whatever allocations have been made in the budget, they will help in accelerating the growth rate. There is a need to keep a close watch on crude oil prices." Das said, "Inflation rate in the country is under control. But, this factor can further hamper our growth." He said that the government's focus on capital expenditure will increase demand. Demand is increasing continuously. This is a good sign for the domestic economy. However, global factors are bound to add to the trouble.
The Reserve Bank Governor said that India is on a different path of recovery from the corona situation compared to the rest of the world. According to IMF estimates, India is poised to grow at the fastest year-on-year pace among major economies. This has been made possible by large-scale vaccination and continued financial and monetary support.
The Reserve Bank Governor said that our focus is on securing the economic and financial conditions of the weaker sections. He said the pandemic has taken the world economy hostage. Economic activity is being affected around the world. Right now there is also an emphasis on vaccination and booster doses.
Shaktikanta Das said the rise in inflation in December was due to the rise in Omicron. Buffer stocks of cereals augurs well for food inflation. Das said that the real GDP growth for 2022-23 is estimated to be 7.8%. It could be 17.2% in Q1, 7.0% in Q2, 4.3% in Q3, and 4.5% in Q4. He said the CPI inflation for 2022-23 is projected to be 4.5%.
ANAROCK Group Chairman Anuj Puri said that the Union Budget 2022-23 is progressive and it is like a broad-spectrum booster shot to the economy. Particular emphasis has been laid on building the country's infrastructure. The Finance Minister clearly emphasized the top priorities of the Government- Sustainable Growth, Inclusive Growth, Productivity Enhancement, and PM Gati Shakti for funding investments.
The water crisis in Delhi: 'Two tankers are needed, only one is being sent and that too half', Delhi government's meeting on water shortage
These days, North India is facing the brunt of intense heat. In many areas, the mercury has reached close to 50. The heat is also being seen in the capital Delhi. Meanwhile, Delhiites are also facing
Mahashivratri 2024: Why is Belpatra offered to Lord Shiva? Know the rules of offering on Shivlinga
Today Mahashivratri is being celebrated with great pomp and show across the country. The holy festival of Mahashivratri is dedicated to the worship of Lord Bholenath, the giver of ultimate success.
Jagannath Puri: After 46 years, the Ratna Bhandar of Mahaprabhu Jagannath will open today, the treasure will be shifted in the auspicious time
It is said that there are many rare gems in the inner treasury of Jagannath Mahaprabhu present in Puri Jagannath Dham. In ancient times, after conquering various states, precious gems, diamonds,
Weather Update Today: Sunny day in Delhi and cold feeling in the evening, and possibility of heavy rain in these two states; Read the latest update
Weather Update Today: While there is bright sunshine in many places including Delhi and Uttar Pradesh, there has been heavy rain in Tamil Nadu and Kerala. The Meteorological Department has predicted
SC refuses to impose more restrictions on freedom of speech: Said- not the government, the minister himself is responsible for the statement of a minister
The Supreme Court has refused to impose more restrictions on the freedom of speech of ministers, MPs, and MLAs. On Tuesday, a five-judge bench in the Supreme Court said that necessary provisions
Sunak is unable to assure inflation relief: In his party's survey, he lags behind the truss by 30 points, cost of living increased by 18%
There is a week left before the announcement of the new Prime Minister in Britain. There is a fight between Bharatvanshi Rishi Sunak and Liz Truss. The key is in the hands of the nearly two lakh
Team India has the upper hand in the semi-finals: Know our record against England; Also see PAK's performance against New Zealand
Team India defeated Zimbabwe by 71 runs in the last match of Super-12 Group-2 to make it to the semi-finals of the T20 World Cup. Along with India, the teams of New Zealand, England, and Pakistan have
IND vs ENG: Will Team India be able to make a comeback in the series? England has been defeated twice after falling behind.
The Indian team has fallen 0-1 in the five-Test series after losing the first Test at the hands of England. It has not been easy to make a comeback after falling behind in a Test series, but it is not
Bengaluru Stampede: First arrest in stampede case, RCB marketing head arrested by police from airport
An FIR has been registered against Royal Challengers Bangalore (RCB), event management company DNA Entertainment Pvt Ltd, Karnataka State Cricket Association, and others in connection with the
BCCI President: TMC-BJP face to face if Ganguly doesn't get a second chance, what will Dada do after a farewell from BCCI?
Former cricketer Roger Binny can be the next President of the Board of Control for Cricket in India i.e. BCCI. If this happens, Binny will replace former Indian cricket team captain Sourav Ganguly.
