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Spend to grow -C Rangarajan and DK Srivastava

the banking and non-bank finance sectors due to both cyclical and structural reasons. The central government and the RBI have responded with a number of policy initiatives. The RBI has reduced the Repo Rate by 110 basis points since February 2019, reducing it from 6.5 per cent to 5.4 per cent. The central government has also undertaken a number of steps post the 2019-20 budget which include — withdrawal of enhanced surcharge on foreign portfo

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India's economy is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon

its tag as the world’s fastest-growing major economy after GDP growth in the March quarter of financial year 2019 slipped to 5.8%. Taking note of the sagging growth, the central bank cut the Repo Rate – at which it lends to commercial banks – by 35 basis points to 5.4%, the lowest level since 2010. A basis point is one-hundredth of a percentage point. This marks the fourth consecutive time the key interest rate has been slashed si

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RSS blames RBI for economic slowdown, defends Modi govt policies -Anjali Das

rates of interest come down as inflation comes down, but in India it does not happen," said Aswini Mahajan, head of the Swadeshi Jagran Manch. "When the rate of inflation was 10-12%, the Repo Rate was 8.5% even then. Now the inflation has come down to 2%, the Repo Rate is 5.75%," he added. However, according to market watchers, inflation is not the only indicator for cutting down intere

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Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya

additional farmers. “Higher MSPs and rural stimulus would put more money in the pockets of rural consumers and boost consumerism. The liquidity situation in the market is improving now and a Repo Rate cut would further improve the situation,” said the homegrown packaged consumer products company Dabur India’s chief executive Mohit Malhotra. The maker of Vatika shampoo and Real juices, which derives 45% of its overall domestic

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SC to RBI: Reply to plea over banks not passing on rate cuts -Dhananjay Mahapatra

reak its 10-month silence and reveal its decision on complaints that banks do not reduce floating interest rates on existing loans for buying homes, vehicles or consumer durables proportionate to its Repo Rate cuts (rate at which RBI lends money to banks). Petitioner ‘MoneyLife Foundation’ told the court that it wrote to RBI last October complaining “whenever the interest rate goes down, new borrowers are offered a lower interest

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Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy

case for a sharp cut in interest rates - an issue on which he has sparred with the RBI in the past. The survey said there was "considerable" scope for further monetary easing as the policy Repo Rate was 25 to 75 basis points above the neutral rate. The report warned that the rash of farm loan waivers - which the survey estimated could range between Rs 2.2 and 2.7 lakh crore - would have a deflationary impact. Finance ministry official

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Note ban effect: GDP growth enters slow lane in Q4 at 6.1% -Ishan Bakshi & Indivjal Dhasmana

owth was at a three-year low of 7.1 per cent. The previous year, it was 8 per cent. Economists now expect the Reserve Bank of India (RBI) to change its monetary stance, even if it does not cut the Repo Rate. The monetary policy committee will meet on June 7. Chief Economic Advisor Arvind Subramanian said demonetisation had a temporary impact. “According to both the IIP (Index of Industrial Production) and the National Income Accounting data,

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Double-whammy: inflation is rising, factory output is falling

s (27.53 per cent), sugar (21.91 per cent) and vegetables (14.06 per cent) remained in double-digits. Despite calls for a rate cut to spur industrial growth, the Reserve Bank of India had left the Repo Rate unchanged in the monetary policy review on August 9 as it was concerned with retail inflation ruling above its projection of around 5 per cent for the fiscal.

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How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty

P ratio. The new GDP estimates have infused altogether new reasoning for growth in India with stagnant capital formation, which is private-consumption led growth. As one is aware, since January 2015, Repo Rate has been reduced from 8% to 6.5%, possibility of further rate cut is ruled out at the moment. On the contrary, if inflationary pressures continue, in an extreme case, RBI could raise policy rates. If we consider the new monetary policy framework

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Retail inflation inches up to 5.76 per cent in May -KR Srivats

-The Hindu Business Line New Delhi: A sharp spike in food articles inflation has led to May retail inflation inching up to 5.76 percent, weakening prospects of any RBI Repo Rate cut in August. This May 2016 print is higher than retail inflation of 5.01 percent in May last year and 5.47 percent in April this year. Food articles inflation jumped to 7.55 percent in May 2016 from 6.40 percent in previous month. The latest Consumer Price Inde

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