Monetary Policy Committee Current Affairs, GK & News

Monetary Policy Committee

In India, the monetary policy is responsibility of RBI. RBI regulates the currency and credit system to secure the monetary stability in India. The main objectives of the monetary policy in India are to maintain the price stability, securing the financial stability and to ensure the adequate flow of credit. System Before MPC Before establishment ..

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RBI Monetary Policy Committee Meeting – Highlights

The MPC has lowered the GDP forecast and increased the repo rate by 50 basis points. Key Highlights The Reserve Bank of India (RBI) has increased the repo rate by 50 basis points to 5.90 per cent, which is a three-year high. This makes funding expensive for existing and new borrowers. For existing borrowers, all ..

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New Member of Monetary Policy Committee (MPC)

The Reserve Bank of India’s (RBI) central board gave its approval to appoint Rajiv Ranjan as an ex-officio member of the RBI’s monetary policy committee. Who is Rajiv Ranjan and he is replacing whom? Mridul Saggar is being replaced by Rajiv Ranjan. Saggar retired at the end of April 2022. Ranjan has been working with ..

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RBI: Cash Withdrawal via UPI

A cardless cash withdrawal facility has been made available at all ATMs by the Reserve Bank of India (RBI). This facility will be made available via the Unified Payment Interface (UPI) irrespective of the bank. Overview: This decision was made by the Monetary Policy Committee (MPC) of the RBI. All banks have been given permission ..

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RBI Monetary Policy Committee Announcement- Highlights

Monetary Policy Committee (MPC) of Reserve Bank of India (RBI) announced its bi-monthly policy statement on December 8, 2021. Highlights In its policy statement, RBI has maintained status quo on key rates for the ninth consecutive time. RBI continues to maintain its ‘Accommodative’ stance and the five members of MPC have voted in favour of ..

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RBI Monetary Policy Committee Meeting- Key Highlights

The Monetary Policy Committee of the central bank recently held its meeting on February 3 to February 5, 2021 to discuss the current macroeconomic financial developments in India. Key Decisions by the committee The committee has decided to keep the repo rate unchanged at the 4 percent. It has decided to continue its accommodative stance ..

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GoI appoints Monetary Policy Committee Members

On October 5, 2020, the Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC). Their appointments were cleared by the Appointment Committee of the Cabinet chaired by PM Modi. The current MPC was set up by the GoI in 2016 following the finalisation of ..

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