RBI has been keeping liquidity tight in the banking system in tune with the “withdrawal of accommodation” monetary policy stance to ensure that inflation progressively aligns with the target while supporting growth.
In the fortnight ended December 29, the bank deposits grew by 13 per cent on a year-on-year basis, while credit grew by 20 per cent, the latest RBI data showed.
Exclusive for Subscribers from Monday to Friday: Have you ever thought about how Artificial Intelligence, Dengue Vaccines and BRICS leaders’ summit in Johannesburg are relevant to the UPSC Exam? What significance do topics like Global Governance of outer space, Basic features of the doctrine of basic structure, Tiranga, Jawahar Sthal and Shiv Shakti have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for August 28, 2023.
Exclusive for Subscribers from Monday to Friday: Have you ever thought about how Vikram and Pragyan or ChaSTE, ILSA and RAMBHA are relevant to the UPSC Exam? What significance do topics like significance of the 15th BRICS summit, Physical Infrastructure and Human Infrastructure, National Film Awards and crash test rating assessment system have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for August 25, 2023.
Exclusive for Subscribers from Monday to Friday: Have you ever thought about how Chandrayaan-3 Soft landing on the Moon’s south pole or Race for Moon are relevant to the UPSC Exam? What significance do topics like BRICS and its expansion, Astra Missile, Gig Workers and Dispute resolution mechanism under World Trade Organisation (WTO) have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for August 24, 2023.