Supreme Court: Section 17A PC Act Does Not Cover Bribe Demands Unrelated to Official Duty || Supreme Court Directs Centre to Promote Interim Compensation Scheme for Road Accident Victims || Karnataka High Court Upholds Homicide Charge Against Father for Letting Minor Son Drive || Karnataka High Court Grants Bail to Pan Masala Maker in Rs. 42 Crore Cess Evasion Case || Karnataka High Court: Advocates Practising Without Clearing AIBE May Face Criminal Action || Allahabad HC Orders Scrutiny of UP Basic School Teachers’ Educational and Appointment Records || AP HC: Fabricated Sale Agreements and Breach of Property Undertaking Constitute Perjury || Supreme Court: State Cannot Acquire Temple Property Through Gift Deed || Supreme Court: HC Registry Should Exclude Court Vacations When Listing Cases After Fixed Days || Supreme Court Flags Stark Non-Compliance With Directions on CAPF Cadre Review

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 :