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America's $1.9 trillion rescue package could throw a spanner in RBI's recovery plans


America s $1.9 trillion rescue package could throw a spanner in RBI s recovery plans
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In India, the government is following a borrow-to-grow strategy but the RBI, while helping keep the government’s borrowing cost low, is geared to keep inflation under control. The contradictory impulses would be tough to balance.
Agencies
Rural fuel inflation rate since February 2020 averaged only about 1% but urban fuel prices rose at a rate of about 7%.
The government will soon give the Reserve Bank of India (RBI) its inflation target for five years beginning April 1. The RBI, which is an inflation-targeting central bank, is currently tasked with keeping retail inflation at 4%, with an upper and lower tolerance limit of 2 percentage points. The central bank has indicated that it would prefer to continue with that target for the next five years as well. ....

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Growth momentum needs to be strengthened: RBI Governor Shaktikanta Das


Growth momentum needs to be strengthened: RBI Governor Shaktikanta Das
RBI Governor’s Shaktikanta Das: Depositors’ 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. ....

Jayanthr Varma , Shashanka Bhide , Michael Debabrata Patra , Ashima Goyal , Shaktikanta Das , Indira Gandhi Institute Of Development Research , Monetary Policy Committee , National Council Of Applied Economic Research , Senior Advisor , National Council , Applied Economic Research , Indira Gandhi Institute , Development Research , Mridulk Saggar , Executive Director , Deputy Governor , Mpc Minutes , மைக்கேல் தேவப்ரதா பத்ரா , ஆஷிமா கோயல் , இந்திரா காந்தி நிறுவனம் ஆஃப் வளர்ச்சி ஆராய்ச்சி , பண பாலிஸீ குழு , தேசிய சபை ஆஃப் பயன்படுத்தப்பட்டது பொருளாதார ஆராய்ச்சி , தேசிய சபை , பயன்படுத்தப்பட்டது பொருளாதார ஆராய்ச்சி , இந்திரா காந்தி நிறுவனம் , வளர்ச்சி ஆராய்ச்சி ,