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.
The Targeted Public Distribution System (TPDS) was launched in the year……………
Green Revolution in India was primarily associated with crops?
Deendayal Antyodaya Yojana -National Rural Livelihoods Mission observes Rashtriya Poshan Maah in the month of
Government has increased the MSP of Rabi Crops for Marketing Season 2023-24, to ensure remunerative prices to the growers for their produce. The abso...
For how many crops MSP is given by the GOI?
India is the second Largest Producer of Rice Globally with a record rice production in 2021-22 is about ……………………..
...Out of 121 countries, India’s GHI ranking fell from ……………… in 2021 to 107 this year.
Consider the following statements:
1. National Programme for Organic Production (NPOP) is being managed and operated by the Agricu...
The birth anniversary of Vergese Kurien is remarked as National Milk day and is celebrated on
What is full form of LiFE at the side event held at India Pavilion at COP 27?