Karnataka HC: A Neighbour Cannot be Charged With Matrimonial Cruelty under Section 498A IPC  ||  Revisional Power U/S 25B(8) of Delhi Rent Control Act is Supervisory; HC Cannot Revisit Facts  ||  Poverty Cannot Bar Parole; Rajasthan HC Waives Surety For Indigent Life Convict, Sets Guidelines  ||  Delhi High Court: Late Payment of TDS Does Not Absolve Criminal Liability under the Income Tax Act  ||  NCLT Kochi: Avoidance Provisions under Insolvency Code Aim to Restore, Not Punish, Parties  ||  Bombay High Court: In IBC Cases, High Courts Lack Parallel Contempt Jurisdiction over the NCLT  ||  Supreme Court: Concluded Auction Cannot Be Cancelled Merely To Invite Higher Bids at a Later Stage  ||  SC: In Customs Classification, Statutory Tariff Headings and HSN Notes Prevail over Common Parlance  ||  SC: Under the Urban Land Ceiling Act, Notice U/S 10(5) Must be Served on the Person in Possession  ||  Supreme Court: Only Courts May Condone Delay; Tribunals Lack Power Unless Statute Allows    

Monetary policy announced; RBI keeps repo rate unchanged at 4% while maintaining accommodative stance - (05 Feb 2021)

Banking

The Reserve Bank of India (RBI) announced its monetary policy. In its first policy after the Budget 2021, Monetary Policy Committee of RBI kept its repo rate unchanged at 4 per cent while maintaining an ‘accommodative stance’ and reverse repo rate at 3.35 per cent. The repo rate had slashed by 115 basis points by RBI since late March 2020 to support growth. It has last revised its policy rate on May 22, 2020 to increase demand by cutting interest rates to a historic low.

In addition to above, the major key points from monetary policy include:

i) India’s GDP growth for Financial Year 2022 predicted at 10.5 per cent.

ii) Consumer Price Index (CPI) projection is revised to 5.2 per cent for Quarter 4 of Financial Year 2021 and CPI inflation is fixed at 5-5.2 per cent for First Half of Financial Year 2022.

iii) Funds from banks though the TLTRO scheme will now available to NBFC.

iv) Cash Reserve Ratio (CRR) will be restored in two phases to 3.5 per cent from March 27, 2021 and 4 per cent from May 22, 2021.

v) Retail investors can now open gilt accounts with the RBI and also access the primary and secondary government bond market.

vi) Resident individuals will be able to make remittances to IFSCs for the NRIs.

vii) Integrated ombudsman scheme for customer grievance redressal is announced, which will be rolled out by June 2021.

Tags : RBI   MONETARY POLICY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved