Reserve Bank Governor Raghuram Rajan in his April 1 review kept the policy rates unchanged in view of high inflation and uncertainly on the political and economic front. The governor has paid heed to the recommendations of the Technical Advisory Committee (TAC) on Monetary Policy.
Tag: monetary policy
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Indian economy may grow around 5%: RBI chief
India's economy may grow at 5 to 5.5 percent rate in 2013-14, Reserve Bank of India Governor Raghuram Rajan said. In an article written on Project Syndicate, the governor said this rate of growth is "not great, but certainly not bad for what is likely to be a low point in econ
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RBI expects fall in corporate investment
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
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RBI suggests structural reforms to boost economic growth
Economic growth may recover in 2013-14 if the government unleashes reforms to remove supply bottlenecks and maintain stability, Reserve Bank of India (RBI) said in its annual report. Economic growth may get a boost from institutional reforms like better regulation of natural resources, improved harnessing of water resources, investing more in skill form
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RBI wams about inflationary pressures from food, fuel articles
In its Annual Report 2012-13, Reserve Bank of India (RBI) raised concern about rising food and fuel prices, which may put upward pressure on Wholesale Price Index (WPI) and Consumer Price Index (CPI). Owing to the rise in food and fuel inflation, WPI rose to 5.8 percent in July 2013
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Economic growth may recover later in FY14: RBI
In its Annual Report 2012-13, Reserve Bank of India (RBI) said the economic growth may recover later in 2013-14 if government delivers better administration, eases supply constraints and maintain stability. Economic growth in the country slipped to a decade-low level of 5 percent in 2012-13 and this year the RBI expects growth to be
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RBI, govt must introduce more steps to meet deficit
Analysts opine that the government and the Reserve Bank of India (RBI) may require more effective measures to fight the current account deficit or balance of payments and fiscal problems. Though outward foreign investments have increased over the past few years, RBI's curbs will not mean much in actu
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State-run banks asked to do due diligence themselves
State-run banks have been asked to conduct due diligence of their own on the company or projects it intends to lend instead of the existing practice of relying on lead banks. Union finance ministry asked state-run banks that sanctions loan to sign on the dotted line only when they are satisfied with the appraisal.
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Banks request regulatory forbearance from RBI
Reserve Bank of India (RBI) received request from some banks to give concessions on the prudential guidelines owing to unfavourable liquidity condition in the banking system. One of the concessions sought by banks is the waiver of the additional 75 basis points provisioning on restr
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Govt finding new Governor of RBI
Finance Minister P Chidambaram informed reporters that the government was looking out for a new Governor for Reserve Bank of India (RBI). It is learnt that the present Governor D Subbarao is due to retire in September. The government is reportedly considering some names like the Planning Commission member Saumitra Chaudhuri, Economic Affairs Secretary Arvind May