Economic Growth | Corporate Law Reporter

Third Quarter Review of Monetary Policy 2013-14

On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: increase the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 7.75 per cent to 8.0 per cent; and keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per… Read More

Tags: Bank Rate, Central bank, Consumer Price Index - CPI (CPIS), December, Economic growth, Repurchase agreement, Reserve Bank, Urjit Patel Committee

Why is Recent Food Inflation in India so Persistent?

(Speech delivered by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, at the St. Xavier™s College, Mumbai on 13th January 2014) It is an honour for me to deliver this year™s Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity. The… Read More

Tags: Consumer Price Index CPI, Economic growth, Economy of India, Inflation, Maharashtra, Reserve Bank of India, Wholesale price index, WPI

Second Quarter Review of Monetary Policy 2013-14 – Statement by Raghuram Rajan

Download: Second Quarter Review of Monetary Policy 2013-14 "Good Morning and welcome to the Reserve Bank. Today, continuing the process begun in September, we have announced the following policy measures: we have reduced the marginal standing facility (MSF) rate by 25 basis points from 9.0 per cent to 8.75 per cent with immediate effect; we have… Read More

Tags: Bank Rate, Central bank, Economic growth, finance, India, Microsoft, Monetary policy, MSF, NDTL, Raghuram Rajan, Repurchase agreement, Reserve Bank, September

Quarterly Report on Debt Management for the Quarter April-June 2013 (Q1 FY14) Released

Since April-June (Q1) 2010-11, Middle Office (MO) is bringing out a quarterly report on debt management. The current report pertains to the quarter April-June 2013 (Q1 FY14). For fiscal year 2013-14 (FY14), gross and net market borrowings were budgeted moderately higher than previous year by 3.4 per cent and 3.6 per cent, respectively. Auctions during… Read More

Tags: April-June, April-June 2013, Business, Economic growth, Fiscal year, June 2013, Middle Office, Percentage

RBI Study on Impact of Real Interest Rate on Growth and Investment

While lower real interest rates can stimulate growth and investment, central bank cannot adopt a policy of higher inflation tolerance as the means to lower real rates because beyond a threshold the negative impact of inflation on growth outweighs its positive impact through lower real interest rate. This was the conclusion of a study undertaken by… Read More

Tags: Central bank, Economic growth, Federal Reserve System, GDP, India, Investment, Real interest rate, Reserve Bank of India

Index of Eight Core Industries

The summary of the Index of Eight Core Industries (base: 2004-05) is given at Annexure. The eight core industries have a combined weight of 37.90% in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stands at 151.2 in June, 2013, which was 0.1% higher compared to the index of June, 2012. Coal Coal production (weight: 4.38%)… Read More

Tags: April, Economic growth, Index Industrial Production, June 2013, June 2013 overÂ June Â 2012, Natural gas, Petroleum, Steel

FM Speak – On 1 year at the Helm of Country’s Finance Affairs

Following is the text of the Statement made by the Union Finance Minister Shri P.Chidambaram while addressing a Press Conference here today: I complete one year as the Finance Minister today. I look back to the First Statement made by me on August 6, 2012 and how we overcame, in good measure, the challenges outlined by me in that… Read More

Tags: Business, Economic growth, Financial services, India, May, P. Chidambaram, Run batted in, Tertiary sector of the economy

FM Speak – India Continues to Remain a Desired Destination for FDI and FII

Increased Domestic Production of Oil, Coal & Restraining Gold Consumption can Contain CAD; India Continues to Remain a Desired Destination for FDI and FII P. Chidambaram The only way to contain Current Account Deficit (CAD) is to increase the domestic production of oil & coal and restraining the consumption of gold, says the Union Finance Minister… Read More

Tags: chartered accountant, Coal, Computer-aided design, Current account, Economic growth, foreign direct investment, India, P. Chidambaram

RBI Publishes Mid-Quarter Monetary Policy Review: June 2013

Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at… Read More

Tags: Bank Rate, CAD, CRR, Economic growth, India, LAF, May, Reserve requirement

CLR Snippets | Minister Statement on current Index of Industrial Production

Shri Srikant Kumar Jena, Minister of State (Independent charge), Ministry of Statistics & Programme Implementation announced the release of the monthly Quick Estimates of Index of Industrial Production (IIP) for the month of April 2013 compiled by the Central Statistics Office. The index is a composite indicator that measures the short term changes in the… Read More

Tags: April 2013, Central Statistics Office, Durable good, Economic growth, IIP, Index of Industrial Production, Minister of State, Ministry of Statistics & Programme Implementation

Index of Eight Core Industries as of April, 2013

The summary of the Index of Eight Core Industries (base: 2004-05) is given at the Annexure. The eight core industries have a combined weight of 37.90% in the Index of Industrial Production (IIP). The combined Index was 152.2 in April, 2013 with a growth rate of 2.3% compared to5.7% growth in April, 2012. The decline in the growth rate in April, 2013 was mainly on account… Read More

Tags: April 2012, April 2013, Economic growth, Index of Industrial Production, Natural gas, Peak oil, Petroleum, Steel

Public Debt Management Quarterly Report – Jan to Mar 2013

Since April-June (Q1) 2010-11, Middle Office (MO) is bringing out a Quarterly Report on Debt Management. The current report pertains to the quarter January-March 2013 (Q4 of 2012-13). For Fiscal Year 2012-13 (FY13), Gross and Net Market Borrowings were higher than previous year by 9.4 per cent and 7.1 per cent respectively. Auctions during Q4 of… Read More

Tags: Economic growth, Fiscal year, GDP, Gross domestic product, Middle Office, Mortgage-backed security, Percentage, Security (finance)

RBI Working Paper Series 4 /2013 Monetary Policy Transmission Faster When Monetary System is in Deficit Mode

The Reserve Bank of India today placed on its website a Working Paper titled Financial Development and Monetary Policy Transmission across Financial Markets: What Do Daily Data tell for India? under the RBI Working Paper Series. The paper has been authored by Dr. Partha Ray and Shri Edwin Prabu. Developed and integrated financial markets are… Read More

Tags: Economic growth, India, Inflation, Monetary policy, Reserve Bank, Reserve Bank of India, Reserve requirement