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New Delhi: As part of a global initiative undertaken by CUTS International, on last Friday, on the eve of the World Earth Day, a webinar on the theme ‘Universal Financial Transactions Tax for Climate Finance’ was organised. It was an attempt to delib
The Reserve Bank of India's (RBI) fight against inflation is far from over, Governor Shaktikanta Das said at the Monetary Policy Committee (MPC) meeting, as per the meeting's minutes.
The RBI s Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday.
The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war.
The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.