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rbi policy: RBI's tone may get more accommodative as second wave burdens economy


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MUMBAI: In a reflection of the uncertainty that surrounds policy making these days, economists now believe that the best course of action for the Reserve Bank of India’s rate-setting panel on Wednesday will be to reiterate its commitment to keeping monetary policy accommodative in the wake of a raging second wave of Covid-19 infections in the country.
Post the Monetary Policy Committee’s February meeting, the debate among economists was whether or not it’s time for the central bank to start guiding the market about its intention to eventually roll back the extraordinarily loose policy steps taken in the middle of the pandemic in 2020. ....

Prithviraj Srinivas , Madhavi Arora , Shaktikanta Das , Monetary Policy Committee , Reserve Bank , Consumer Price Index Based , Edelweiss Securities , Axis Securities , பிரிதுதுவிராஜ் ஸ்ரீநிவாஸ் , மாதவி அரோரா , பண பாலிஸீ குழு , இருப்பு வங்கி , நுகர்வோர் ப்ரைஸ் குறியீட்டு அடிப்படையிலானது , ஏதெல்வேஸ்ஸ் பத்திரங்கள் , அச்சு பத்திரங்கள் ,

Why Modi govt has done well to maintain continuity in inflation targeting framework


Why Modi govt has done well to maintain continuity in inflation targeting framework
Ila Patnaik
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[Dropcap]The[/Dropcap] Narendra Modi government has decided to retain India’s inflation target at 4 per cent with a band of 2 per cent on either side for another five-year period, ending March 2026. This is a welcome decision.
In a previous column, we argued that changing the inflation target at this time could make the task of managing inflation expectations difficult.
In the current uncertain economic scenario, retaining the inflation target provides stability and helps the Reserve Bank of India’s Monetary Policy Committee focus on anchoring inflation expectations, while also balancing the objective of supporting growth. ....

Narendra Modi , Radhika Pandey , Ila Patnaik , Shreyas Sharma , National Institute Of Public , India Monetary Policy Committee , Reserve Bank , Monetary Policy Committee , Finance Act , Consumer Price Index Based , Economic Survey , National Institute , Public Finance , நரேந்திர மோடி , ராதிகா பாண்டே , இழ பாதநைக் , ஷ்ரெயச் ஷர்மா , தேசிய நிறுவனம் ஆஃப் பொது , இந்தியா பண பாலிஸீ குழு , இருப்பு வங்கி , பண பாலிஸீ குழு , நிதி நாடகம் , நுகர்வோர் ப்ரைஸ் குறியீட்டு அடிப்படையிலானது , பொருளாதார கணக்கெடுப்பு , தேசிய நிறுவனம் , பொது நிதி ,