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.
Bu hikaye The Times of India dergisinin October 28, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Times of India dergisinin October 28, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Song and dance there, but where is Brazil's soul?
From swooning over the twirling foot of Richarlison the other day, to fretting over the ankle of Neymar, it is back to business for Brazil. Gone is the exultation to dance and express themselves.
Marriott to reach 200-hotel mark in India by 2025 from current 134
American hospitality major Marriott International — the group with the largest number of branded hotel rooms in India at about 26,000 — has drawn up very ambitious growth plans for the country.
India's visually-impaired players dribble, debate on and off field
Take 20-year-old Shivam Negi for instance. A member of the national blind football team, Negi along with three other NIEVPD students is ardently following the matches by listening to live commentary.
SIPS eating into luxe car sales: Merc
‘MF Investments Reducing Disposable Incomes Of Indians’
Fury's Ground Xiro
Xi's zero-Covid policy has angered ordinary Chinese as never before. A dangerous moment for the state
Trump faulted for dinner with white nationalist, rapper Ye
The sportswear manufacturer has also launched a probe into his conduct.
Blank sheets of paper become symbol of defiance
Chinese protesters have turned to blank sheets of paper to express their anger over Covid-19 restrictions.
Can't deny mediclaim to a vegetarian, insurer told
Dietary Habit Not Patient’s Fault: Consumer Body
Thakur: Will host 'grand Olympics' in Gujarat in future
Union sports minister Anurag Thakur on Sunday said Gujarat will host a “grand Olympics” sporting event in the future.
Will restore old pension scheme in Guj: Kejriwal
He also urged government employees in the state to back AAP while promising implementation of the old pension scheme for them by January 31, 2022.
