A- A A+
Last Updated : Jan 27 2021 6:55PM     Screen Reader Access
News Highlights
India says engagement with multiple stakeholders important to spread right information & dispel rumors about COVID-19 vaccination programme            Over 20 lakh 29 thousand people administered COVID-19 vaccines in country            Rajya Sabha Chairman M Venkaiah Naidu calls meeting of all party leaders on Jan 31 ahead of Budget session            IMF revises growth projection for India to 11.5 per cent in 2021            US asks its citizens to reconsider travelling to Pakistan, Bangladesh and not visit Afghanistan due to COVID-19, terrorism & conflicts           

National News

Jun 20, 2019
10:22PM

Economic activity clearly losing traction: RBI governor

NSD Logo
RBI Governor Shaktikanta Das voted for a 25 basis point cut in the interest rate in the monetary policy announced earlier this month. He believed that that Indian economy was clearly losing traction and needed a decisive monetary policy to promote growth. 

According to the minutes of the meeting of the monetary policy committee, Mr. Das also favoured shifting the stance of monetary policy from neutral to accommodative to send a clear signal, indicating that more measures could be taken in the near future to boost the growth.

On the transmission of the policy rate, the RBI Governor said it is expected to improve as banks adjust their deposit and lending rates in response to changes in the policy rate.

RBI Deputy Governor Viral Acharya expressed a dilemma wherein economic growth seemed weakened but inflation risks remained upside with a deficiency in monsoon and volatility in crude oil prices.

Another member and Executive Director Michael Debabrata Patra said it is evident that if the 2019-20 projections materialise, the MPC would have steered inflation at or below target on average for four years in a row in its five-year term of office.


Other three members, Ravindra Dholakia, Pami Dua, and Chetan Ghate had also voted in favour of reducing the key lending rate.

Live Twitter Feed

Listen News

Morning News 27 (Jan) Midday News 27 (Jan) Evening News 26 (Jan) Hourly 27 (Jan) (1800hrs)
समाचार प्रभात 27 (Jan) दोपहर समाचार 27 (Jan) समाचार संध्या 26 (Jan) प्रति घंटा समाचार 27 (Jan) (1810hrs)
Khabarnama (Mor) 27 (Jan) Khabrein(Day) 27 (Jan) Khabrein(Eve) 26 (Jan)
Aaj Savere 27 (Jan) Parikrama 27 (Jan)

Listen Programs

Market Mantra 26 (Jan) Samayki 1 (Jan) Sports Scan 26 (Jan) Spotlight/News Analysis 26 (Jan) Employment News 27 (Jan) रोजगार समाचार 27 (Jan) World News 26 (Jan) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 26 (Jan) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 16 (Jan) North East Diary 24 (Jan)