#IndianEconomy

7 April.New Delhi, Delhi, India
(Photo Credit: Unsplash)

The Reserve Bank of India on Wednesday decided to keep its repo rate and reverse repo rate unchanged

7 April.New Delhi, Delhi, India
The RBI will announce a decision on monetary policy. (Photo Credit/PTI)

  • The RBI announced that interest rates will remain unchanged
  • The RBI regulates supply of money in the economy through repo rate
  • A lower repo rate reduces banks’ borrowing costs

7 April.New Delhi, Delhi, India
RBI Governor Shaktikanta Das will announce the monetary policy on April 7. (Photo credit: PTI)

  • Coronavirus-induced restrictions in several states mean economic activity will again be severely curtailed
  • The situation necessitates RBI’s support in maintaining liquidity and offering low-interest rates
  • In the last fiscal year, the RBI reduced repo rates to a record low of 4% through two rate cuts

7 April.New Delhi, Delhi, India
RBI Governor Shaktikanta Das on Wednesday decided to keep repo rate unchanged at 4%. (PTI File Photo)

  • Currently the repo rate is at 4%
  • The reverse repo rate is at 3.35%
  • The RBI's statement comes after a three-day meeting of the Monetary Policy Committee

3 April.New Delhi, Delhi, India
Congress leader Rahul Gandhi held an online interaction with former US Ambassador Nicholas Burns on Friday. (PTI Photo)

  • Rahul Gandhi said he would do everything to push production, job creation and value addition
  • Even an economic growth of 9% will not mean as much if there aren't positive figures for job-growth as well, Gandhi said
  • "The type of relationship that should be there between our growth and job creation is not there," Gandhi said

30 March
People flout social distancing norms as they arrive to buy fish, amid coronavirus pandemic. (Photo credit: File/PTI)

  • India's middle class is estimated to have shrunk by 32 million in 2020
  • In January 2020, World Bank forecast stated India's GDP grew 5.8%
  • India's vast majority of middle class population shrank from 119.7 crore to 116.2 crore per day

16 Feburary
The sharp increase in prices has come despite the RBI and economists flagging the consistent decline in food prices over at least the last two months.. (Photo Credit: Representative Image/Pixabay)

  • Cooking gas prices have been increased by Rs 75 within 10 days in February and in Delhi, a cylinder now comes for Rs 769
  • A kilogram of onions was selling for Rs 54 in Delhi on Sunday morning, up by Rs 20 from January 1
  • Analysts expect retail (CPI) inflation to begin rising in February-March, 2021