Growth momentum needs to be strengthened: RBI Governor Shaktikanta Das
RBI Governorâs Shaktikanta Das: Depositorsâ money topmost priority, even as one-time rollover for businesses is considered
PTI
The growth momentum needs to be strengthened for a sustained revival of the economy and quick return to the pre-COVID trajectory, opined RBI Governor Shaktikanta Das while pitching for a status quo on rates at the last meeting of the Monetary Policy Committee (MPC).
All the six members of the MPC had voted for keeping the policy repo rate unchanged at 4 per cent at the three-day meeting which began on February 3, citing similar reasons.
‘Accommodative monetary policy stance needed to strengthen economic recovery
February 22, 2021
All six members of the monetary policy committee (MPC) were on the same page with regard to strengthening the ongoing economic recovery even as a majority of them flagged the persistence in core inflation, according to the minutes of the MPC.
At its meeting held on February 5, the MPC decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4 per cent.
It also decided to continue with the accommodative stance as long as necessary – at least during the current financial year and into the next financial year. The Reserve Bank of India (RBI) released the minutes of MPC meeting on Monday.
PatnaDaily
Bihar has a long history of organized education. Once upon a time, Bihar was a leading place in terms of higher education. Nalanda and Vikramshila University was the two most important centres for learning in India. Nalanda University being the focal point handled all branches including (Art, Architecture, Painting, Logic, Grammar, Philosophy, Astronomy, Literature, Buddhism, Hinduism, Arthashastra (Economics & Politics), Law, and Medicine, Arithmetic, Theology, Law, Metaphysics, Ethics) and housed up to 10,000 students at its peak.
Students from China, Korea, Sri Lanka, and Indonesia and from all the regions of India came to Nalanda and Vikramshila uinversities to study.
But at present, both Bihar and Nalanda is in ruins. State is highly deficient in the area of good technical institutions. Some institutions of higher learning like Birla Institute of Technology, (BIT, Mesra Ranchi), Xavier Labour Relation Institute (XLRI, Jamshedpur), Indian School of Mines (
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