Delhi HC: Education Department Cannot Restrict Recruitment in Aided Minority Schools || Allahabad HC: Senior Citizens Act Cannot Decide Title Disputes Unless Transfer Challengeable || Bombay HC: Family Arrangement Execution Alone Not Proof of HUF Property Admission || Patna HC: BAU Statutes Cannot Convert 2011 Direct Recruitment into Tenure Appointment || P&H HC: Dressing Pet Dog as Lord Krishna Out of Devotion is Not Offence and Does Not Hurt Sentiments || J&K HC Quashes 2016 Case Against Coca-Cola Over in Dual Pricing MRPs Allegations || Supreme Court Explains the Grounds for Declaring a Judgment Per Incuriam || SC: Summoning Hotel Records, Phone Data to Prove Adultery Does Not Breach Privacy Rights || SC: Magistrates Should Not Record Prosecution Evidence in Sessions-Triable Cases || Supreme Court Lays Down Guidelines on Using ITRs to Assess Motor Accident Victims' Income

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 :