The central board of the Reserve Bank of India (RBI) on Monday approved the appointment of executive director Rajiv Ranjan as an ex-officio member of the Monetary Policy Committee (MPC). Ranjan will be succeeding Mridul Saggar, who is understood to have retired.
The 595th meeting of the central board was held through video conferencing under the chairmanship of RBI governor Shaktikanta Das. The other attendees were deputy governors Mahesh Kumar Jain, Michael Patra and M Rajeshwar Rao, apart from directors Satish Marathe, S Gurumurthy, Revathy Iyer and Sachin Chaturvedi. Ajay Seth, secretary, Department of Economic Affairs, was also present.
The 595th meeting of the central board was held through video conferencing under the chairmanship of RBI governor Shaktikanta Das. The other attendees were deputy governors Mahesh Kumar Jain, Michael Patra and M Rajeshwar Rao, apart from directors Satish Marathe, S Gurumurthy, Revathy Iyer and Sachin Chaturvedi. Ajay Seth, secretary, Department of Economic Affairs, was also present.
#RBI has increased the policy repo rate under the liquidity adjustment facility by 40 basis points to 4.40% with immediate effect.
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India may take a cautious stance on
the proposed Indo-Pacific
Economic Framework (IPEF),
details of which will be unveiled by US
President Joe Biden at the Quad
leaders’ summit in Tokyo on Tuesday.
Prime Minister Narendra Modi on
Sunday left to attend the second in-person Quad summit, along with his counterparts from the US, Japan and Australia. Quad is believed to be a forum to strategically counter China’s
economic and military rise
the proposed Indo-Pacific
Economic Framework (IPEF),
details of which will be unveiled by US
President Joe Biden at the Quad
leaders’ summit in Tokyo on Tuesday.
Prime Minister Narendra Modi on
Sunday left to attend the second in-person Quad summit, along with his counterparts from the US, Japan and Australia. Quad is believed to be a forum to strategically counter China’s
economic and military rise
India attracted total foreign direct
investments (FDI) inflow of $83.57 billion in the financial year 2021-22, up by 1.95 per cent on-year, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Friday. Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital.
During the entire 2020-21 financial year,
the total FDI inflow was $81.72 billion,
despite the disruption caused by the
outbreak of the coronavirus pandemic
last year.
investments (FDI) inflow of $83.57 billion in the financial year 2021-22, up by 1.95 per cent on-year, according to data released by the Department for Promotion of Industry and Internal Trade (DPIIT) on Friday. Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital.
During the entire 2020-21 financial year,
the total FDI inflow was $81.72 billion,
despite the disruption caused by the
outbreak of the coronavirus pandemic
last year.
The Economic Advisory Council to the Prime Minister has advocated an urban job guarantee scheme on the lines of MGNREGA. So far, six states have framed urban employment programmes. However, one big drawback of all the schemes, pointed out by civil society members, is that they do not provide a legal guarantee for employment