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Economy gathers steam but pvt investments missing: RBI


Economy gathers steam but pvt investments missing: RBI
ANI |
Updated: Mar 01, 2021 17:05 IST
Mumbai (Maharashtra) [India], Mar 1 (ANI): Economic activity is gaining steam in India as Covid-19 incidences recede but private investments are missing in action, according to the Reserve Bank of India (RBI).
All engines of aggregate demand are starting to fire. Only private investment is missing in action and the time is apposite for it to come alive, it said in a monthly bulletin.
The ongoing vaccine rollout is releasing pent-up optimism, said the central bank. Broader measures of liquidity reflect the easing of monetary and financial conditions in the system. ....

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Current Inflation Target Band Appropriate For Next 5 Years RBI Report

The report said trend inflation has fallen from above nine per cent before FIT to a range of 3.8-4.3 per cent during FIT, indicating that 4 per cent is the appropriate level of the inflation target for the country., , inflation, Reserve Bank of India (RBI), flexible inflation target (FIT), indian economy, COVID-19 Pandemic ....

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Need Coordinated Action From Centre, States to Reduce Taxes on Fuel Prices: RBI Governor


Need Coordinated Action From Centre, States to Reduce Taxes on Fuel Prices: RBI Governor
Shaktikanta Das said there is also an impact on inflation because petrol and diesel prices affect the cost of manufacturing and production.
Shaktikanta Das. Photo: PTI
Government25/Feb/2021
Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said there is a need for coordinated action between the Centre and state governments to reduce taxes on petrol and diesel prices.
There is a need for coordinated action between the Centre and states because there are inherent taxes levied by both, the governor said, adding that calibrated reduction of taxes was important. ....

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