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- เผยแพร่เมื่อ 27 ก.ค. 2024
- The Monetary Policy Committee of the Reserve Bank of India on Thursday effected a 25 basis points cut in repo rate in its second bimonthly policy review of this financial year. After the cut, the repo rate now stands at 5.75 per cent. The MPC also changed policy stance to 'accommodative' from 'neutral'. This was third rate cut in a row by the central bank. Repo is the rate at which the central bank lends to commercial lenders. The committee also revised its GDP growth for FY20 downward to 7 per cent from 7.2 per cent in the April policy. It sees growth in the range of 6.4-6.7 per cent in the first half of the financial year and 7.2-7.5 per cent in the second half, with risks evenly balanced. Apart from this, the Reserve Bank of India did away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers. Meanwhile, Prime Minister Narendra Modi will head two separate Cabinet committees on ‘investment & growth’ and ‘employment & skill development’, underscoring the urgency in the new government to revive the slowing economy and generate more jobs. On this edition of the big picture we will analyse the decisions taken by the authorities to address economic challenges
Anchor: Frank Rausan Pereira
Guest:
Ajay Dua, Former Secretary, Ministry of Commerce & Industry
Ashok Nag, Former Advisor, RBI
A. K. Bhattacharya, Editorial Director, Business Standard
Banuchandar Nagarajan, Former Consultant, World Bank, Washington DC
- 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?
Thank you for the session.
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??
good discussion...
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.
Fruitful discussion enlightening minds
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.
Please tell me why the Govt. cut rates?
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 )
He karyakram hindi madhe zale tar bare hoil
Sir plz hindi
Good night sir
I Agree with you
Suchi upsc karte ho
Vishesh Dekho phir
@@AlamKhan-dl9xc q
♨️Jay Maharashtra♨️
Sala chutiya. Jai Hind bol . Ye marathi channel nahi hai