J&K&L HC: Repeat Narcotics Offences After Release Can Justify Preventive Detention || SC: Departmental Enquiry Required for Police Arrests Without Written Grounds || SC: Preliminary Issue Cannot Be Tried Separately Once Trial on All Issues Has Begun || SC: Police Claim of Sufficient Material for Chargesheet Does Not Entitle Accused to Default Bail || Telangana HC: Father’s Role Beyond Financial Support Cannot Be Overlooked in Custody Matters || Allahabad HC: Hindu Marriage Requires Essential Ceremonies, Arya Samaj Certificate Not Enough || Delhi HC: Narco Test Cannot Be Forced on an Accused Without Consent || Gujarat HC: Brothel Customer Not Liable for Operating Premises or Procuring Women || MP HC: Civil Suits May Be Consolidated Where Issues and Evidence Are Common || J&K&L HC: Personal-Enmity Assaults Concern Law and Order, Not Preventive Detention

RBI’s first monetary policy statement in 2016- (Reserve Bank of India) (05 Apr 2016)

MANU/RPRL/0099/2016

Banking

The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massive 5 per cent drop – in efforts to counter what it perceives are downwards trends in global markets. Reportedly, subdued crude oil prices and better than expected crop yields, despite water shortages, sustained a reduction in inflation. The RBI expects a further deceleration in inflation rates, with also potential slowdown of economic growth.

Relevant : Reduced Bank Rates MANU/RMIC/0050/2016

Tags : RBI INTEREST RATES LIQUIDITY

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