Delhi HC: Workman Cannot Claim Section 17(B) of the ID Act Wages after Reaching Superannuation Age || Allahabad HC: Caste by Birth Remains Unchanged Despite Conversion or Inter-Caste Marriage || Delhi High Court: Tweeting Corruption Allegations Against Employer Can Constitute Misconduct || Delhi High Court: State Gratuity Authorities Lack Jurisdiction over Multi-State Establishments || Kerala High Court: Arrest Grounds Need Not Mention Contraband Quantity When No Seizure is Made || SC: Silence During Investigation Does Not Ipso Facto Mean Non-Cooperation to Deny Bail || Supreme Court: High Courts Cannot Re-Examine Answer Keys Even in Judicial Service Exams || SC: Central Government Employees under CCS Rules are Not Covered by the Payment of Gratuity Act || Supreme Court Holds CrPC Principles on Discharge and Framing of Charges Continue under BNSS || Supreme Court: High Courts Must Independently Assess SC/ST Act Charges in Section 14A Appeals

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 :