- MPC of RBI effected a 25 basis points cut in REPO rate to 5.75% & changed its policy stance from neutral to 'accommodative' - Revised GDP growth for FY20 - 7% - RBI did away with charges on fund transfers through RTGS & NEFT Benefits: (Repo Rate Cut) - Growth & investment very much needed. - Inflation in control: CPI - 2.9% in the band (4 - 6%) Challenges: - Transmission of rates from banks to their customers. RBI repo rate cut 50bps, actual rate cut only 21bps in the past three quarters. - Fiscal deficit - 3.4% to 3% (plan but can we achieve this?) - Interest cut can be neutralized by more govt borrowing - Credit availability is there but capacity utilization in mfg sector - moved only 2% Credit growth only in retail sector - Monsoon: shortage of water & rural income generation - Trade wars between US - China Steps taken & Further steps: - Some amount of stimulation to farmer communities: PM KISAN extended to everyone - PM announce cabinet committees - GDP & growth (5 Members) + unemployment & skills (10 members) - Productivity analysis of banking sector needs to be done: Interest margin is higher than other countries - Health of financial sector & NBFC for more investments. - Recapitalization & merger of banks on the way - Lower CRR to increase liquidity. - Developing corporate bond market - Provision of electricity, road, infrastructure development Nitin Gadkari - investment 15 lakh sector (private & foreign): better roads - economic & access to markets - Demand increase & capacity utilization The economic growth challenges can be tackled by holistic & all encompassing measures. Government must rise to the occasion in the short run & private sectors & banks must take up the challenge in the long run to boost investments & growth.
simulataneous efforts ,short term and long term have to be taken. Short term:recappitalization ,financial support to rural etc. Long term:solving NPA issue,NBFC'S crisis etc.
How many times recapitalisation?? Didn't govt. take funds from RBI for the same last year? Reducing repo rate is short term and temporary. Moreover it's a 3rd cut and more expected. Where's the guarantee of growth??
The MPC in its second bimonthly meeting cut rate by 25 basis points. Currently India is facing a lot of problems. First, it is facing a slowdown in consumption which resulted in lack of investment. second , there is 6.1% of unemployment rate which is 45 years high. It is also a reason of slowdown in consumption. third , if we look through quartely basis India is no longer world's fastest growing economy. Our GDP growth stand at 5.8 %. The MPC in its meeting cut rate by 25 bps. I think it is a welcome move. it was need of the time. Current rate cut will spur investment which is required for India.
First my govt should focus on employement bcs it was an circular chain wher without employement how people think about demanding of highrate consumption products,how do dey demand loans without employement.....
I think After demonetization the black money reduce to 0 %. Now it going again hoarding of money at the hole which made by demonetization. Please discuss this because it will stop now if we try . otherwise our it will take 10-12 months to fill these holes. This is my personal view in my perception (Maybe true or not )
- MPC of RBI effected a 25 basis points cut in REPO rate to 5.75% & changed its policy stance from neutral to 'accommodative'
- Revised GDP growth for FY20 - 7%
- RBI did away with charges on fund transfers through RTGS & NEFT
Benefits: (Repo Rate Cut)
- Growth & investment very much needed.
- Inflation in control: CPI - 2.9% in the band (4 - 6%)
Challenges:
- Transmission of rates from banks to their customers.
RBI repo rate cut 50bps, actual rate cut only 21bps in the past three quarters.
- Fiscal deficit - 3.4% to 3% (plan but can we achieve this?)
- Interest cut can be neutralized by more govt borrowing
- Credit availability is there but capacity utilization in mfg sector - moved only 2%
Credit growth only in retail sector
- Monsoon: shortage of water & rural income generation
- Trade wars between US - China
Steps taken & Further steps:
- Some amount of stimulation to farmer communities: PM KISAN extended to everyone
- PM announce cabinet committees - GDP & growth (5 Members) + unemployment & skills (10 members)
- Productivity analysis of banking sector needs to be done: Interest margin is higher than other countries
- Health of financial sector & NBFC for more investments.
- Recapitalization & merger of banks on the way
- Lower CRR to increase liquidity.
- Developing corporate bond market
- Provision of electricity, road, infrastructure development
Nitin Gadkari - investment 15 lakh sector (private & foreign): better roads - economic & access to markets
- Demand increase & capacity utilization
The economic growth challenges can be tackled by holistic & all encompassing measures. Government must rise to the occasion in the short run & private sectors & banks must take up the challenge in the long run to boost investments & growth.
Please do it on daily basis
inflation target range is 2-6%
@@jatinsukhija289 Correct, Thanks
Awesome please continue it's really helpful and time saving..
Are you doing it for every video?
simulataneous efforts ,short term and long term have to be taken.
Short term:recappitalization ,financial support to rural etc.
Long term:solving NPA issue,NBFC'S crisis etc.
How many times recapitalisation?? Didn't govt. take funds from RBI for the same last year? Reducing repo rate is short term and temporary. Moreover it's a 3rd cut and more expected. Where's the guarantee of growth??
Fruitful discussion enlightening minds
good discussion...
Thank you for the session.
Elite panel, it's really boosting ur knowledge
The MPC in its second bimonthly meeting cut rate by 25 basis points.
Currently India is facing a lot of problems. First, it is facing a slowdown in consumption which resulted in lack of investment.
second , there is 6.1% of unemployment rate which is 45 years high. It is also a reason of slowdown in consumption.
third , if we look through quartely basis India is no longer world's fastest growing economy. Our GDP growth stand at 5.8 %.
The MPC in its meeting cut rate by 25 bps. I think it is a welcome move. it was need of the time.
Current rate cut will spur investment which is required for India.
Please tell me why the Govt. cut rates?
Jay Maharashtra.......RS TV .....Thanks
Why there is less consumption, also can we not sell things abroad, we should be exports oriented & look to cater global market & demands.
First my govt should focus on employement bcs it was an circular chain wher without employement how people think about demanding of highrate consumption products,how do dey demand loans without employement.....
I think After demonetization the black money reduce to 0 %. Now it going again hoarding of money at the hole which made by demonetization. Please discuss this because it will stop now if we try . otherwise our it will take 10-12 months to fill these holes. This is my personal view in my perception (Maybe true or not )
Sir plz hindi
Good night sir
I Agree with you
Suchi upsc karte ho
Vishesh Dekho phir
@@AlamKhan-dl9xc q
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Sala chutiya. Jai Hind bol . Ye marathi channel nahi hai
He karyakram hindi madhe zale tar bare hoil