Banks cannot slip in extra charges beyond KFS: RBI
Applies to all new retail and MSME term loans sanctioned from October 1 onwards.
monetary policy
April 2024
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Unanticipated exogenous shocks likely: U.S. Fed
An uncertain inflationary trajectory could force the Fed to delay a rate or – worse – hike rates.
US slowdown coming, will create global ripples: Raghuram Rajan
Former RBI governor mentions it is difficult for the US Federal Reserve to engineer a soft landing, kicking off a ripple globally, which may create headwinds for India next year.
Need structural reforms, investment in human capital for growth: Raghuram Rajan
Former RBI governor Raghuram Rajan says India is doing fine on the monetary side but needs to undertake structural reforms with investment in human capital.
WTO slashes global trade growth forecast for 2023 to 0.8% from 1.7%
WTO says growth projections in global trade scaled back on a continued slump that began in Q4 2022
India's GDP outlook ‘bright’; 6.5% growth expected in FY24: FinMin
FinMin says it remains “comfortable” with a 6.5% real GDP growth estimate for FY24, with symmetric risks; forecast aligns with RBI’s GDP estimates
Multi-polar monetary system to challenge US dollar dominance: Credit Suisse
The report notes that the current monetary system has repeatedly been criticised by senior policy makers, due to the stresses created outside the United States from major shifts in US monetary policy.
India needs to remain defensive in monetary, fiscal response to global tightening: Douglas W Diamond
“Inflation in India is in reasonably good shape right now, compared to the rest of the world,” says Diamond, who won this year’s Nobel Memorial Prize in Economics.
India to grow 5.7% in 2022, slow down to 4.7% in 2023: UNCTAD
UN agency attributes decline in growth to impact of weakening global economy and the fiscal pressures that may prevent the govt from ramping up its overall capital expenditure beyond a point.
RBI slashes FY23 GDP growth forecast to 7% from 7.2%
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.
