Reserve Bank of India denies any possibility of allowing private digital currencies

06 Décembre, 2019, 21:00 | Auteur: Auguste Feret
  • Reserve Bank of India denies any possibility of allowing private digital currencies

President of Federation of Indian Chambers of Commerce and Industry Sandip Somany, however, said in an e-mailed statement, "We... are disappointed with the decision to not cut the repo rate, as there is need for continued action on the monetary policy front".

The RBI is responsible for framing India's monetary policy, and sets interest rates to keep inflation in control while pushing for growth.

It is not just that the MPC chose to pause, it is that the decision was unanimous which seems to have taken some people by surprise. "You should allow the measures taken by the RBI and the government to play out", RBI Governor Shaktikanta Das said. On inflation, the central bank has projected a significant rise in the second half of this fiscal but it is sanguine that the spike is temporary driven largely by rising prices of food items due to unseasonal rains that destroyed standing kharif crops.

Contrary to RBI's decision, analysts had expected the apex bank to cut the repo rate by 25 basis amid the declining GDP growth.

RBI governor Shaktikanta Das - seen as a Modi ally - has cut interest rates five times in a row starting from February 2019, bringing them down by 135 basis points.

Un tireur actif sur une base militaire en Floride
Plusieurs bases militaires ont été endeuillées ces dernières années par des soldats pris de coups de folie meurtriers. Un marin américain avait tué deux personnes par balle et blessé une troisième sur un chantier naval de la base.

Here Comes A Reboot Of HONEY, I SHRUNK THE KIDS
More recent, Johnston is known for Captain America: The First Avenger , which was the first of the new Marvel Universe films. EW is told Shrunk is now being planned as a theatrical release from Disney and not for the Disney+ streaming service.

No, Princess Anne Wasn't Snubbing Trump With That Shrug
After exchanging a few words with the Trumps, the Queen could be seen making gestures to her daughter, who was a few steps away. Princess Anne carried out 179 days of engagements in 2016 - far out numbering those conducted by other family members.

The central bank reiterated that it would maintain an accommodative stance "as long as it is necessary to revive economic growth, while ensuring that inflation remains within the target".

The central bank's survey was conducted in 13 big cities and 5,334 households. The central bank kept the door open for further monetary easing based on "unfolding situation".

"Against the backdrop of growth slowdown, the RBI's rate cutting has not made any major difference", said Garima Kapoor, economist at Elara Capital. Though growth concerns are still paramount, a lot has changed between the earlier policies and now - inflation is rearing its head up again and the government's approach to the fiscal deficit glide path is still unclear even as the macro numbers indicate a considerable slippage in the target of 3.3% for this fiscal.

Gross domestic product numbers released on Friday had shown government spending helping to prop up weak demand, while private investment growth had virtually collapsed, with a crisis in the shadow banking sector causing illiquidity in the economy.

Retail inflation in the second half has been pegged at 5.1-4.7% against 3.5-3.7% estimated in the previous policy. "Similarly, the forthcoming Union Budget will provide better insight into further measures to be undertaken by the Government and their impact on growth". The RBI said most banks had linked their lending rates to the policy repo rate of the Reserve Bank.

Conseillé:

  • Padres set to get Pham from Rays

    Padres set to get Pham from Rays

    The Padres are trading for Pham, sending the Rays outfielder Hunter Renfroe and infield prospect Xavier Edwards . Renfroe does hit for a lot of power, hitting 85 home runs in the last three seasons. "It's just hella stupid".
    Triple Cup Final Boost for Celtic - Confirmed

    Triple Cup Final Boost for Celtic - Confirmed

    The Rangers lost a two-goal lead tonight and achieved a 2-2 draw, nor did they show up for the second half in Pittodrie. Celtic and Rangers will meet again at the end of December, the Bhoys playing host at Parkhead.
    Scientists find link between hair dye and breast cancer

    Scientists find link between hair dye and breast cancer

    It's important to note, Black women are reportedly more likely to die from breast cancer than White women are. The study's co-author Dale Sandler adds that Black women's coarser and thicker hair may also absorb more dye.
  • Qui est Mickaël Lumière, qui va jouer le rôle de Grégory Lemarchal ?

    Qui est Mickaël Lumière, qui va jouer le rôle de Grégory Lemarchal ?

    Ce jeudi 5 décembre, c'est cette fois le Parisien qui annonçait une information de taille. Il s'agit d'Odile Vuillemin (" Profilage ") et d'Arnaud Ducret ("Parents mode d'emploi").
    Maple Leafs’ Frederik Andersen making first back-to-back start since 2017

    Maple Leafs’ Frederik Andersen making first back-to-back start since 2017

    NOTES: MacKinnon , now alone in fourth in National Hockey League scoring with 44 points, has goals in five straight games. Raffl exited the game during the second period after checking a Maple Leaf into the boards and did not return.
    London children sing holiday tune to Melania Trump

    London children sing holiday tune to Melania Trump

    The First Lady visited the Salvation Army in Clapton on the last day of the North Atlantic Treaty Organisation summit. The First Lady beamed as she settled in to make Christmas decorations and wrap presents with the excited youngsters.
  • Trudeau's

    Trudeau's "gaffe" with Trump could help him in Canada

    That was the case in England during a summit of North Atlantic Treaty Organisation nations. One would think that President Trump could handle this and take it in stride.
    Japan unveils US$120bn stimulus plan

    Japan unveils US$120bn stimulus plan

    However, Japan Research Institute economist Yusuke Shimoda said the impact of the package could be "limited". The fact remains that Japan has borrowed the biggest debt as compared to other developed countries.
    Rodgers signs new Leicester deal amid Arsenal links

    Rodgers signs new Leicester deal amid Arsenal links

    Can't connect right now! Leicester manager Brendan Rodgers is in line for a new contract offer to ward off interest from Arsenal , according to the Daily Mail .
  • Katherine Jenkins mugged after trying to save a woman from 'violent' assault

    Katherine Jenkins mugged after trying to save a woman from 'violent' assault

    Officers attended the incident and arrested two 15-year-old ladies on suspicion of theft, a police spokesperson stated. Despite the obvious distress of the situation, Jenkins was later able to help police identify the attackers.
    Buttigieg backs black leaders after IN  event disrupted

    Buttigieg backs black leaders after IN event disrupted

    However, the Salvation Army has pushed back at its critics' portrayal of the group as discriminatory. In response to her comments, the Buttigieg campaign demanded that Warren release them.
    Canada surprisingly sheds 71200 jobs in November

    Canada surprisingly sheds 71200 jobs in November

    The 40-day strike by about 46,000 workers at GM plants in MI and Kentucky restricted employment gains to 156,000 jobs in October. The loss in jobs came as both full-time and part-time employment moved lower.


Populaire

Caroline Wozniacki annonce sa retraite — Tennis
This has nothing to do with my health and this isn't a goodbye, I look forward to sharing my exciting journey ahead with all of you!

Cole Hamels signs with Braves
Bumgarner's home is in North Carolina, and the speculation was that he could sign with Atlanta to be closer to his home. The Nationals and other NL East opponents will once again have to go through two left-handers in the Braves rotation.

Boy, 5, Brings Whole Class to Adoption Ceremony
Thursday was Kent County court's annual Adoption Day and 37 children were adopted. "Sometimes their journeys have been very long". Upwards of 5,000 children in MI are in need of foster care, a call Melvin and Eaton answered through Catholic Charities.

Conservatives dismiss Andrew Neil's demands for Johnson interview
During the interview, Mr Johnson claimed he was "perfectly happy to be interviewed any interviewer called Andrew from the BBC". The journalist grilled Mr Corbyn on anti-semitism and tax and spending plans in an excruciating half-hour interview.

Brexit Party Defectors Urge Public to Vote Tory
Ms Rees-Mogg told talkRADIO that although she was "no fan" of Mr Johnson, she would support him in order to see Brexit delivered. They were joined by John Longworth, another MEP, who was sacked from the party for "undermining" Mr Farage's strategy.

Peloton reportedly says its infamous holiday ad was 'misinterpreted' amid backlash
A woman gets a Peloton from her male partner, then video-journals a transformative year of riding the expensive stationary bike. The bikes, which cost £1,990 for the basic package , come with virtual access to live exercise classes beamed from a NY studio.

Orange Wind alert for eight western counties as Storm Atiyah approaches
The weather alert adds there is a possibility of coastal flooding due to a combination of high seas and storm surge. It said the storm will bring average wind speeds of up to 80kph with gusts of up 130kph to the west.

Samoa measles outbreak: Two die overnight taking death toll to 62
Babies are the most vulnerable to measles, which usually causes a rash and fever, but can also cause brain damage and death. U.S. anti-vaxxers are reportedly swamping Samoan government websites with material described as "nonsense".

Ole Gunnar Solskjaer brands 'Black Friday' headline 'worst front page ever'
Roma and Inter Milan have since announced they will not work with Corriere dello Sport until January. Asked if he expects Smalling to return next summer, the Norwegian said: "Yes".

Agents fees exceed 590 million euros in 2019
A portion of 80 percent of agents fees come from clubs in England, Spain, Italy, France, Germany and Portugal. In women's football, there have been 828 transfers in 2019, with 248 of them involving an agent.