Mumbai: The Reserve Bank of India’s monetary policy committee (MPC) will meet on November 3 to decide on the contents of a letter to be sent to the government following its failure to keep inflation below the tolerance band of 6% for three consecutive quarters since January 2022.
Announcing an out-of-turn meeting of the MPC, the central bank said it was called under the “provision of 45ZN of the RBI Act’’. This section pertains to steps to be taken when the RBI fails to meet the inflation target. However, with the meeting scheduled a day after the US Fed meets to possibly announce another rate hike, there are fears of MPC also taking a rate call.
The RBI has been assigned an inflation target of 4% and a tolerance band of 2% above or below this number. RBI governor Shaktikanta Das has said bringing inflation within target would be a two-year task.
هذه القصة مأخوذة من طبعة October 28, 2022 من The Times of India Hyderabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 28, 2022 من The Times of India Hyderabad.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Tollywood was happy hunting turf for conman
Kept Database Of Mobile Nos. Of Film Celebs
State-funded Metro to chug into RGIA in 3 yrs
Residents’ Plea To KTR To Extend Other Rail Lines
Rajiv Makhni becomes the face of smart tech luggage with proximity indicator
The VIP SmarTech series, a range of smart travel gear, keeps you connected with your luggage via your smartphone
I want to reach out to Samantha and tell her that if I can make it, so can you, says Vikram Bhatt
The filmmaker opens up about his 18-year-long battle with fibromyalgia, a chronic disorder that causes widespread muscle pain
Rain ruins second ODI
The match was reduced to 29-overs-a-side as the first interruption caused a four-hour break. India were 22 for no loss in the fifth over at that time.
Croatia come in hard, show Canada the exit
After their dour opening draw with Morocco had instigated a post-mortem into whether this Croatia side lacked a killer instinct, Kramaric and Marko Livaja found the net before the break to take the wind out of Canada’s sails.
Denmark calls on Euro 2020, Eriksen experience
Denmark has been here before.
Ronaldo targets KO berth
Win Vs Uruguay Will Help Portugal Advance With A Game To Spare
Govt doubles large aircraft wet lease period to 1 yr
Accordingly, IndiGo can now wet lease two twin aisles to operate flights between Delhi/Mumbai and Istanbul for a year.
Deuba's party emerges as single largest party in poll
Elections to the House of Representatives and seven provincial assemblies were held on November 20.
