MP HC Sets Aside Order Recognising Saif Ali Khan & Family as Heirs of Nawab of Bhopal's Properties  ||  Supreme Court Agrees to Hear Petitions Challenging Bihar Electoral Roll Revision on July 10  ||  NCLT: Dissolution under IBC Can’t Be Used to Frustrate Ongoing Criminal Prosecution under PMLA  ||  Union Government Notifies Waqf Rules 2025  ||  Supreme Court Dismisses Plea Challenging Results & Answer Key of NEET-UG 2025 Exam  ||  SC Introduces Reservations for Other Backward Classes (OBCs) in Staff Recruitments  ||  NCLAT: Restoration Application Can't Be Dismissed if Filed Within 30 Days of Dismissal of OA  ||  NCLAT: Single WhatsApp Message Sent Long Ago Can't Become Foundation to Reject Petition U/S 9 of IBC  ||  CJI Launches Live Streaming Of Bombay HC Proceedings  ||  AP HC Directs Magistrates to follow SC Guidelines Before Remanding a Person Booked For Posts    

Government takes note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged- (Press Information Bureau) (04 Oct 2017)

MANU/PIBU/1228/2017

Banking

The Government has taken note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged.

Following is the text of statement issued by Ministry of Finance in response to RBI unveiling its fourth bi-monthly monetary policy statement today.

"We have noted that this decision has been made by the MPC in light of the underlying analysis which implies: (i) a downward revision of the real GVA growth forecast for 2017-18 from 7.3 percent to 6.7 percent, which leads to a widening of the output gap; and (ii) a marginally upward revision of the CPI inflation forecast for the second half of the year meaning an average inflation for the year 2017-18 as a whole of less than 4 percent.

Government welcomes the institution building initiatives, including : finalising the Peer to Peer NBFC financing regulations which would improve financing for smaller firms;

and increasing retail participation in government securities via aggregation of bids by stock exchanges."

Tags : COMMITTEE   DECISION   UNCHANGED   RATE   MONETARY POLICY  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved