Repo rate remain unchanged. FY 2025 GDP growth projected at 7%, inflation at 4.5%
The Monetary Policy Committee (MPC) met on the 3rd, 4th, and 5th of April 2024 and decided to keep the policy repo rate at 6.50 percent, other key policy rates also remained unchanged for the 6th straight time. RBI also left the policy stance unchanged with a focus on the withdrawal of accommodation. Withdrawal of…
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Fair Globalisation & the Need for Policy framework
Fair Globalization refers to equal and fair opportunities for all the economies across the world. The final report of the ILO’s World Commission on the Social Dimension of Globalization recommends that the potential of globalisation can be better harnessed to address the needs, concerns, and aspirations of a large number of people in the world.…
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No change in RBI policy approach on Exchange Traded Currency Derivatives (ETCD)
RBI today reiterated that the regulatory framework for ETCDs has remained consistent over the years and that there is no change in the RBI’s policy approach. The announcement was made as some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of the Reserve Bank of India’s…
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Globalsisation and its Impact on India
Globalisation refers to the increasing interconnectedness and interdependence of countries and their economies marked by free trade, and the free flow of capital among countries. Globalization provides easy access to foreign resources, including labour markets, to maximize returns and benefit the common good. The capital moved between two or more places, commodities were traded across…
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Amount of Ex-gratia Payable for Bank Pensioners/family pensioners from November 2022
In terms of clause 13 of the 9th Joint Note between IBA & Officer’s Association and clause 36 of the 12th Bipartite Settlement between IBA and Workmen Union, states regarding the payment of Ex-gratia for pensioners/family pensioners, who became eligible to draw a pension on or before 31.10.2022 including those who retired on 31.10.2022. Ex…
Globalisation and its advocacy by economists
The term Globalization is used to refer to ideas, knowledge, information, goods, and services moving from one part of the world to another. In an economic context globalisation is a term used to describe integrated economies marked by free trade, the free flow of capital among countries, and easy access to foreign resources, including labor…
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