CPI-based inflation for first half of the next fiscal, beginning April 2020, has been projected at 3.6 per cent
RBI has cut interest rates four times this year
The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8%
A reduction in MCLR is good news for home loan borrowers
The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg
According to various estimates, the RBI has over Rs 9 trillion of surplus capital with it
NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption
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Moreover, it will also allow the RBI to directly give liquidity support to the stressed HFC sector
This will be the first meeting of the six-member expert committee since Subhash Chandra Garg was abruptly shifted from finance to power ministry last month
Under the revised on-lending model, banks can classify only the fresh loans sanctioned by NBFCs out of bank borrowing
The overseas sovereign bond issuance, therefore, will lead to 'feedback process' getting further entrenched in the domestic debt market, 'and this may weaken monetary policy transmission'
Foreclosure charges are part of the fee income for any lender and adds to its bottom line
India needs modern tools to hedge currency risks
For ideal monetary transmission, we need two benchmarks - one for loans and another for deposits
With a slew of industries in the grip of a prolonged slump, a package of measures that will boost demand without burdening the exchequer is imperative
The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising
The committee submitted its report to the RBI governor on Thursday
Consumption, which contributes nearly 60% to GDP, has been largely hurt by a shadow banking crisis
In the third bi-monthly monetary policy review, the central bank cut the repo rate for the fourth time in a row to 5.40 percent-- a nine-year low, and retained neutral stance going forward