Tag Archives: fiscal consolidation

RBI leaves repo rate on hold, cuts CRR RBI Policy 2012 full text

By | October 30, 2012 11:34 am

Introduction Over the last quarter, policymakers around the world have confronted increasingly difficult challenges. Globally, even as the growth momentum has slowed, governments have had to manage the balance between fiscal consolidation and growth stimulus amidst visible signs that the two objectives are in conflict with each other. As the advanced economies (AEs) deal with… Read More »

RBI Cuts CRR by 25 BPS mid quarter monetary policy review

By | September 17, 2012 11:32 am

Monetary and Liquidity Measures On the basis of an assessment of the current macroeconomic situation, it has been decided to: reduce the cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.75 per cent to 4.50 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning September 22,… Read More »