Consumer Court Directs Amazon, Seller to Pay Rs.4.68 Lakh to Customer as Compensation || MP HC: Pension is a Proprietary Right and Cannot be Withheld unless Grave Misconduct is Proved || HP High Court: ITBP Constable Removal For Affair Disproportionate; Orders Compulsory Retirement || Calcutta High Court: Trade Licence Not Required For Advocates’ Partnership Registration || Supreme Court: Courts Cannot Compel Plaintiffs to Accept Compensation Instead of Injunctions || Delhi HC: Saying “Maro Sale Ko” During a Fight Alone Does Not by Itself Establish Intent to Kill || Delhi HC Ordered Removal of Fake News About Judges’ London Badminton Event, Restrained its Sharing || Bombay HC: Calling Police over Routine Transfers or External Complaints is Misconduct || Delhi HC Upheld EC’s Decision Banning Political Ads in the Delhi Metro During Model Code of Conduct || Delhi HC: In the Telegram Case Entire Social Media Platforms Can Be Blocked U/S 69A of the IT Act

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 :