Key Highlights of the Budget for FY 2022-23: GDP growth expected at 9.2 % in the current fiscal FY2021-22. Focus on four pillars of development — PM Gatishakti, inclusive development, productivity enhancement, energy transition climate action and Financing of investments. Significant boost to the capex spending at Rs 7.5 lakh crore in FY23, an increase […]

The RBI’s Monetary Policy Committee (MPC) conducted its 3rd bi-monthly monetary policy meeting for FY21-22 from 4-6, August 2021. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: Keep the policy repo rate unchanged at 4.0%. Accordingly, the marginal standing facility (MSF) rate and […]

The RBI’s Monetary Policy Committee (MPC) conducted its 1st bi-monthly monetary policy meeting for FY2021-22 from April 5-7, 2021. On the basis of an assessment of the evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: Keep the policy repo rate unchanged at 4.0%; Accordingly, the marginal standing facility (MSF) rate and the […]

Fiscal Deficit In the Union Budget, the government revised its fiscal deficit targets significantly upwards for FY2020-21 and FY2021-22 citing severe stress on its finances on account of the unprecedented nature of the Covid-19 pandemic’s impact on the economic growth and with a view to supporting economic output. The details of the revenues, expenditures and fiscal deficit […]

The RBI’s Monetary Policy Committee (MPC) conducted its 5th bi-monthly monetary policy meeting from February 3-5, 2021 The Monetary Policy Committee (MPC) at its meeting today decided to: Keep the policy repo rate unchanged at 4.0% Accordingly, the marginal standing facility (MSF) rate and the Bank Rate stand unchanged at 4.25% The reverse repo rate under the LAF stands […]