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: Part A: RBI’ s Policy decision Rationale: 1. Inflation Headline inflation surprised on the […]

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: Part A: RBI’ s Policy decision Rationale: 1. Inflation Headline inflation increased to 5.0% in […]

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: Part A: RBI’ s Policy decision Rationale 1. Inflation Retail inflation eased below the upper tolerance level of 6% for the first time in the COVID-19 period […]

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 […]