Centre and RBI – Monetary
policy framework agreement signed agreement – pact binds RBI to Inflation
target.
Ø Cut inflation to less than 6% by Jan 2016.
Ø Consumer Inflation –largest – 4% wm + or – 2 percentage (2016-17).
·
RBI to submit report if CPI
inflation is more than 6% for 3 consecutive quarters in 15-16 or less than 2%
for 3 lenses. Quart in 2016-17.
·
RBI now to given ore priority
for priozerise than interest & forex rates.
·
Centre to amont RBI ACT to
setup monetary policy panel – prioritizing controlling prize rise.
·
In case, factors beyond RBI,
such as fiscallires possibility of centre or constraints in supplies of goods 1
source are stoking inflation, RBI could like interest to meet largest set.
·
Core sector growth slons to
1.8% in Jan
·
8 core sector industries –
coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and
electricity.
·
Crude oil, N.gas – negative
growth.
·
Core section – 38% of IIP.
·
RBI widens scope for priority
section lending.
·
“newly includes sanitation,
health care, drinking water facilities, renewable energy
·
Property sector lending largest
40%of adjusted net bank credit outoy which18% for agriculture – sub target 8 of
small 4 marginal farmers.
·
Foreign secretary SAARC YATRA –
stats from Bhutan – Bangladesh –discos LAB 4 teesta
·
Nepal leader of oppn. UCPN (maobt)
Fmr pm Babu ram Bhalkri visit India
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