According to an analysis by RBI officials, the Covid pandemic did not result in a reduction in research and development (R&D) expenditure by Indian companies. The analysis looked at data from 1,161 companies and found that the likelihood of companies engaging in R&D activities remained unchanged during the economic slowdown caused by the pandemic. The paper suggests that the resilience of R&D activities bodes well for sustained innovation and productivity growth in India in the post-Covid period.
Get latest articles and stories on Latest News at LatestLY. The newer marginal cost of funding based lending rate (MCLR) system is more effective than the erstwhile base rate method, a paper by the Reserve Bank of India said on Friday. Latest News | MCLR More Effective in Policy Transmission Than Base Rate Regime: RBI Paper.