Supreme Court: Companies Can Face Prosecution Without Individual Officers Being Named || SC: Penalties on Insolvent Developers cannot be Recovered from Homebuyers as CIRP Costs || Allahabad HC: ‘Sar Tan Se Juda’ Hits Sovereignty, Unlike ‘Allahu-Akbar’, ‘Jai Shri Ram’ || Kerala High Court: Married Woman Cannot Claim Sex Was Based Solely on Promise of Marriage || Madras High Court Refuses Equal Recitation of Tamil Hymns With Sanskrit at Meenakshi Temple || Delhi HC: Absence of ‘Penetration’ In Child Victim’s Testimony Not Enough to Acquit Rape Accused || J&K High Court: Possession of Allegedly Anti-National Book Cannot Justify Preventive Detention || Delhi High Court: DNA Evidence Proves Sexual Intercourse, Not Consent || Madras High Court Upholds Appointment of District Judges as Tamil Nadu Lokayukta Secretary || Allahabad High Court: IO’s Mere Apprehension Cannot Justify Withholding Seized Items

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 :