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Monetary and Credit policy: Meaning and Importance

Monetary policy of   pertains to controlling and regulating money supply and cost borrowing with twin objectives of price stability and economic growth.  The monetary authority of all modern economies (countries), typically the central bank, targets an inflation rate or interest rate to ensure price stability and general trust in the currency. The other goals of a monetary policy

How Corporate Sector Fared in Five Years of Modi Sarkar

There are a number of initiatives taken by Modi Government with regard to infrastructure, labour reforms, ease of doing business and implementation of GST besides welfare initiatives such as efforts to make Swachha Bharat a movement for cleanliness and mooting a beautiful programme like Ayushman Bharat, doesn’t matter how difficult

Urjit Patel resigns as RBI governor

Urjit Patel resigns as RBI governor

Well known economist and Reserve Bank of India (RBI) Governor Urjit Patel resigned today (December 10, 2018).  He said that he has decided to “step down” from his current position effective immediately “on account of personal reasons”. The governor’s decision to resign came five days after the bi-monthly policy meeting, in

Krishnamurthy Subramanian: The New Chief Economic Advisor to Govt. of India

Krishnamurthy Subramanian: The New Chief Economic Advisor to Govt. of India

The Appointments Committee of the Cabinet (ACC) has approved for the appointment of Dr Krishnamurthy Subramanian, Associate Prof. and ED (CAF), ISB, Hyderabad, to the post of Chief Economic Adviser," said a government notification. Subsequently, the government appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period

US Federal Reserve raises interest rates 

us-federal-reserve

The Federal Reserve raised interest rates on June 13 indicating a shift from the policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 percent and 2 percent, the Federal Reserve

Bimonthly RBI Monetary Policy June 2018

Shekhar Sengar Bimonthly RBI Monetary Policy June 2018 The Monetary Policy is reviewed by Monetary Policy Committee (MPC) of the Reserve Bank of India. This time RBI governor Urjit Patel headed the six member NPC. This was the first three-day bi-monthly policy meeting (June 06)  of MPC headed by Urjit Patel. The

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