Supreme Court: Expecting a Minor to Respond to a Public Court Notice is ‘Perverse’ || SC: Order 23 Rule 1 CPC Applies to S. 11 Arbitration Act, Barring Fresh Arbiration After Abandonment || SC: Later Sanction Requirement Won’t Invalidate Cognizance Taken When No Prior Bar Existed || SC: Documents Not Admitted by an Employee in an Enquiry Must be Proved Through Witnesses || Delhi HC: MHA Has Authority to Initiate Disciplinary Proceedings Against AGMUT IAS Officers || MP HC: Financial Hardship or Mere Allegations of Lawyer’s Negligence Cannot Excuse Delayed Appeal || Patna HC: Blanket Approach of Denying Public Employment to Individuals Named in an FIR is Unfair || Kerala HC: Repeated Possession of Even Small Quantities of Narcotic Drugs Can Invoke KAAPA || Calcutta HC: Employers May Deduct Penal Rent From Gratuity of Employees Refusing to Vacate Quarters || Calcutta High Court: ECI Not Singling Out Bengal, More Transfers in Other Poll-Bound States

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 :