The decision of the RBI MPC to maintain a status quo on the repo rate is in line with its growth-focused approach. As the RBI leaves the repo rate unchanged at 6.5% on the expected lines, banks in India will have more legroom to offer homebuyers better incentives during the upcoming fes...
bps cut until april-june, and that is based on a smaller sample of economists. other central banks like the u.s. federal reserve and the european central bank have already cut rates by at least 50 bps. with the mpc, it's still not clear they're...
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The next meeting of MPC will take place from October 7 to 9, 2024. Topic: RBI 2. The transaction limits for tax payments through UPI will be increased from ₹1 lakh to ₹5 lakh, as per RBI. Delegated payments through the Unified Payments Interface (UPI) will be introduced. Presentl...
Next Monetary Policy Committee (MPC) meeting is scheduled for Dec 6-8, 2023. Topic: Reports and Indices 8. World Bank retained India's GDP growth at 6.3 % for 2023-24. For FY 2023-24, the World Bank has decided to retain India’s GDP growth at 6.3%. ...
TheMonetary Policy Committee (MPC)remains focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth. The RBI Governor did not explicitly say that there would be a rate hike post the next MPC meeting. But reading between the line...
According to MPCE, the top 5% of India’s rural and urban populations has average MPCEs of ₹10,501 and ₹20,824, respectively. There is a consumption gap of over 664% and 940% between the poorest 5% of the population and the richest 5% in both rural and urban areas. ...
The next meeting of the RBI MPC will be held October 4-6. With effect from the fortnight beginning August 12, scheduled commercial banks will maintain ICRR of 10% on the increase in their net demand and time liabilities (NDTL) between May 19 and July 28. ...
The next meeting of the MPC is scheduled from December 4 to 6, 2024. Topic: Summits/Conferences/Meetings 10. India took part in 44th session of Codex Committee on Nutrition and Foods for Special Dietary Uses (CCNFSDU). The 44th session of the CCNFSDU was held in Dresden, Germany from...
MPC has decided by a majority of 5 out of 6 members to stay focused on withdrawal of accommodation. RBI has proposed to increase e-mandate for recurring payments to Rs 1 lakh from current Rs 15,000. Next monetary policy committee meeting is scheduled on February 6-8, 2024. ...