The Finance Ministry on Wednesday said the Reserve Bank of India's monetary policy stance and macro-prudential measures may have contributed to the demand slowdown in the economy.
However, the possibility that structural factors may also have contributed to the slowdown in H1 should not be ruled out, the ministry said in the monthly economic review for November.
It is "good news" that the RBI lowered the cash reserve ratio (CRR) from 4.5% to 4% in its policy meeting in December 2024, the ministry said, adding that it should help boost credit growth, which has slowed a little too much and quickly in FY25.
This story is from the December 27, 2024 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 27, 2024 edition of Financial Express Ahmedabad.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Smart Cities Mission: School enrolment up 22%
STEPS TAKEN UNDER the Smart Cities Mission have led to a 22% increase in school enrolment in 19 cities and improved real-time tracking of criminal activities, according to two studies by the Indian Institute of Management, Bangalore.
South steals the spotlight
Hits from Hindi film industry in post-Covid era have been fewer and far between
Does India want BGT win or Rohit back in form?
THE GREAT GAMBLE didn't come off. The opening didn't need any fixing; Rohit Sharma's batting did. But the most bewildering event was not that Rohit opened but the way he went about it.
Jewellery units lose sheen on weak Rupee
THE DEMAND IN east Asia, however, has been tepid.
UltraTech to buy stake in Star Cement
BOTH THE PLAYERS are snapping up small cement players to consolidate their positions and achieve their targeted growth ahead of time.
Byju Raveendran: From boom to bust
BY EARLY 2024, these issues culminated in severe consequences.
IIFL Home Finance expects 15% AUM growth in FY25
NET INTEREST MARGIN MAY GO DOWN BY 10-20 BASIS POINTS
Richard Parsons, who rescued Time Warner, Citigroup, dies
RICHARD PARSONS, THE executive dubbed \"Captain Emergency\" for his record of stabilizing ailing companies such as AOL Time Warner, Citigroup and Dime Savings Bank of New York, has died. He was 76.
Russia warns Trump against resumption of nuclear testing
RUSSIA'S POINT MAN for arms control cautioned Donald Trump's incoming administration on Friday against resuming nuclear testing, saying Moscow would keep its own options open amid what he said was Washington's \"extremely hostile\" stance.
Nissan shares decline most since August
NISSAN MOTOR'S SHARES declined the most since August's market rout, amid volatility as investor focus shifts to the terms of the carmaker's planned deal with Honda Motors.
