The Growing Concern of Inflation and Its Implications on Consumption and Economic Growth Context: The recent data released by the National Statistical Office (NSO) has drawn attention to a concerning surge in retail inflation, reaching a 15-month peak. This revelation follows closely on the heels […]
RBI reports 76% of ₹2,000 notes returned Context : The Reserve Bank of India (RBI) asked the general population to use the next three months to deposit and/or exchange the 2,000 banknotes that were in circulation as of May 19, 2023, as 76% of those […]
Indian economy resilient despite global risks: RBI Context : The Reserve Bank of India (RBI) stated in its biannual Financial Stability Report (FSR) on Wednesday that the Indian economy and domestic financial system remain robust despite the increased uncertainties facing the global economy. What is […]
RBI’s riot provisions to aid borrowers Context: According to the Manipur administration, riots and other acts of violence have affected the entire State, having an adverse effect on people’s ability to conduct business and maintain their way of life. Role Of RBI in Riots and […]
Slow Withdrawal Context: Just over seven and a half years after the economically damaging demonetisation of the 500 and 1,000 notes, the Reserve Bank of India’s announcement on May 19 that 2,000 banknotes would be taken from circulation has caused a sense of déjà vu. […]
Why Are Financial Regulators Transitioning From LIBOR? Context: The RBI reported on May 12 that several banks and financial institutions had not yet enabled a complete move away from the benchmark London Interbank Offered Rate (LIBOR). A global benchmark interest rate known as LIBOR combines […]
Reserve Bank raises rates by 50 bps, brings down growth outlook to 7% #GS-03 Economy, Monetary Policy For Prelims About Monetary Policy Committee. The Monetary Policy Committee (MPC) is created to set the policy interest rates as a part of its monetary policy. It is […]