Supreme Court Upholds Acquittal, Holds Investigating Officer Cannot Create Evidence || Supreme Court: NDPS Prosecution Cannot Be Quashed Solely Over Co-Accused’s Disclosure || SC: Tax Classification Depends on Goods' Form at Sale, not their End Use || Delhi High Court: No Material Showing Delhi Police Compromised the 2020 Riots Probe || Madras HC Suggests Mandatory Attachment of Properties Suspected to Be Proceeds of Corruption || P&H High Court: Demolition After Lawyer Flagged Corruption Appears Aimed at Silencing Him || Calcutta High Court: Contempt Proceedings Cannot Be Used to Challenge Orders or Attack Judges || Orissa High Court: Marriage Need Not Be Preserved When the Relationship Has Substantially Eroded || SC: CIRP Can Continue Despite Fraudulent Insolvency Plea That Triggered It || Delhi HC: Senior Citizen May Seek Eviction of Daughter-in-Law for Ill-Treatment

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

Share :