Tag: Monetary Policy

Demonetisation impact on economy to be transitory: RBI Governor

Five of the six members of the Monetary Policy Committee (MPC) were of the view that the effect of withdrawal of Rs. 500 and Rs. 1,000 bank notes, as part of the government’s demonetisation drive, on the economy is likely to be transient.

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Exchange of old Rs 500, Rs 1,000 notes worth Rs 4,000 allowed only once till RBI review

The limit to exchange old notes of Rs 500 and Rs 1000 is Rs 4000 till further review by the RBI and NOT per day as has been misunderstood by some people. The Frequently asked Questions (FAQs) on the RBI website and the notification regarding de-monetisation mention that old notes of Rs 500 and Rs 1000 can be exchanged at bank or post office branches till December 30, 2016 up to a value of Rs 4000 by filling up a form and providing ID proof.

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RBI’s MONETARY POLICY COMMITTEE : GOVERNOR’S ROLE REDUCED.

RBI’s MONETARY POLICY COMMITTEE : GOVERNOR’S ROLE REDUCED. 1. The Government has notified the formation of ” Monetary Policy Committee” (MPC) under the RBI. This committee will take decision on interest rate or Repo rate in a transparent manner in future. 2. MPC will bring significant changes in the power of the RBI Governor. 3.…

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Monetary Policy Tools and Highlights of RBI’s first bi—monthly monetary policy statement, 2016—17 and its Impact on Indian Economy

The Goals of Monetary PolicyPrimarily price stability, while keeping in mind the objective of growth.In India, subsequent to the recommendations of the Dr. Urjit Patel Committee Report, the Reserve Bank has formally announced a “glide path” for disinflation that sets an objective of below 8 per cent CPI inflation by January 2015 and below 6…

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