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The RBI Monetary Policy Committee (MPC) decided to hike the repo rate by 50 basis points. In the current financial year, the RBI has raised the repo rate by 190 bps. RBI will remain focused on withdrawal of accommodation after this revision too.The rates after revision are as follows- Repo Rate 5.9 % Standing Deposit Facility (SDF) 5.65% Marginal Standing Facility Rate 6.15% Bank Rate 6.15% Fixed Reverse Repo Rate 3.35% CRR 4.50% SLR 18.00% The MPC panel also cut its gross domestic product (GDP) growth forecast for FY23 to 7% from 7.2%, with Q2 at 6.3%, Q3 at 4.6% and Q4 at 4.6%. The Reserve Bank retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by the Russia-Ukraine war. For the September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent. For third quarter, inflation is estimated at 6.5 percent and further down to 5.8 per cent in March quarter. For first quarter of next fiscal year, retail inflation is projected at 5 percent.
In the Union Budget of 1997-98, which of the following Public sector undertaking is not included in “Navratnas”?
What does an Inverted Duty Structure imply under the GST framework?
Fiscal policy in India is formulated by?
Which of the following is part of the tertiary sector of the economy?
The Twenty-Point Programme was first launched by
In the fiscal year 2022-23, what was the Year-on-Year (YoY) growth rate of India's services sector?
Indian Financial System Code (IFSC) is a / an
Which organization publishes the 'World Economic Outlook'?
National Level Pollution Response Exercise, NATPOLREX, it was its 8th edition this year is conducted by?
Identify the first credit rating agency established in India.
