Finmin wants RBI to focus on inflation as crude prices harden
PrintListen to this Article
0:00
0:00
Concerned over worsening political turmoil in the Middle-East and the impact of rising global crude prices on the domestic economy, the Finance Ministry has suggested the Reserve Bank to focus on steps to contain inflation.
An indication to this effect was given by Finance Minister Pranab Mukherjee to the RBI, which is slated to announce its mid-quarterly review of the monetary policy on March 17.
The central bank has for the seventh time since March 2010, raised the key policy rates to tame inflation, which of late has started declining.
However, with the surge in international crude oil prices following political turmoil in the MENA (Middle East and North Africa) region, it is unlikely that inflation would continue to fall in the months ahead.
PTI
Category : Finance | Comments : 0 | Hits : 448
Today, Finance Minister Nirmala Sitharaman presented the 16th Finance Commission report in the Lok Sabha, outlining recommendations for the devolution of tax revenues between the Centre and the states...
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Terms of Reference for the Sixteenth Finance Commission. The Terms of Reference for the Sixteenth Finance Comm...
Also Read -
Finance Act, 2023 – Assented by President
Finance Act, 2023 received the assent of the President on the 31st March, 2023. Finance Bill, 2023 receives President's assent on Mar 31, 2023 and now its Finance Act, 2023. The Financ...
Comments