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
Statistics in RBI™s Policy Making Conceptual and Empirical Issues
(Inaugural address by Dr. Duvvuri Subbarao, Governor, Reserve Bank of India at the 7th Statistics Day Conference of RBI, Mumbai on August 30, 2013) We have gathered here today to celebrate the seventh Statistics Day Conference of the Reserve Bank. The Reserve Bank instituted the Statistics Day Conference to honour the memory of Prof. P.… Read More
Tags: CPI, India, Inflation, Monetary policy, Reserve Bank, Reserve Bank of India, Wholesale price index, WPI
Main Features of Tariff Guidelines for Projects at Major Ports
The new guidelines for determination of tariff for projects and major ports come into force with immediate effect. The Tariff Guidelines will have prospective effect. The projects already awarded will not be covered under the new guidelines. 2005 and 2008 guidelines shall continue to apply to projects bid under them. Tariff Authority for Major Ports, TAMP… Read More
Tags: G.K. Vasan, India, PPP, Purchasing power parity, TAMP, Tariff, Tariff Authority for Major Ports, Wholesale price index
Wholesale Price Index – May 2013 Review
The official Wholesale Price Index for ˜All Commodities™ (Base: 2004-05 = 100) for the month May, 2013 rose by 0.1 percent to 171.6 (provisional) from 171.5 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at 4.70% (provisional) for the month of May, 2013 (over May, 2012) as compared… Read More
Tags: Asia, Business, Food, India, Indo-Asian News Service, May 2013, Reserve Bank of India, Wholesale price index
RBI Notice – Auction Sale of a New Inflation Indexed Government Stock of 10 Years
Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated May 29, 2013 NOTIFICATION Auction for Sale of a New Inflation Indexed Government Stock of 10 Years F.No.4 (16) W&M/2012: Government of India hereby notifies sale of Inflation Indexed Government Stock-2023 (securities) of 10-year tenure for an aggregate amount of Rs. 1,000… Read More
Tags: Government of India, India, June 4 2013, Mumbai, Mumbai Office, Reserve Bank of India, Wholesale price index, WPI
FAQs on Inflation Indexed Bonds (IIBs)
1. Inflation Indexed Bonds (IIBs) were issued in the name of Capital Indexed Bonds (CIBs) during 1997. How is the new product of IIBs different from earlier CIBs? The CIBs issued in 1997 provided inflation protection only to principal and not to interest payment. New product of IIBs will provide inflation protection to both principal… Read More
Tags: Bonds, Coupon (bond), Financial services, Inflation, Inflation-indexed bond, Reserve Bank of India, Run batted in, Wholesale price index
Government Decides to Launch Inflation Index Bonds
Pursuant to the announcement in the Union Budget 2013-14, the Government of India in consultation with Reserve Bank of India (RBI) has decided to launch Inflation Index Bonds (IIBs), as instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold.… Read More
Tags: Bonds, Coupon (bond), Government of India, Inflation, Mutual fund, Reserve Bank of India, Wholesale price index, WPI
Monetary Policy Statement for 2013-14 Statement by Dr. D. Subbarao, Governor, Reserve Bank of India
"First of all, on behalf of the Reserve Bank, a hearty welcome to you all to this dissemination of the Monetary Policy Statement for 2013-14, which we put out a short while ago. 2. Based on an assessment of the current and prospective macroeconomic situation, we have decided to reduce the policy repo rate under… Read More
Tags: Bank Rate, Central Statistics Office, Economic growth, GDP, Inflation, Monetary policy, Repurchase agreement, Wholesale price index
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