Recommendations of the RBI-formed Committee on Data and Information Management headed by RBI Executive Director Deepak Mohanty: Integration with global economy and increasing complexity of the economic structure has heightened the need for information, and huge data gaps are seen in this regard. To address these gaps in monetary policy-making, compilation of various … [Read more...] about Indices On Labour Wage To Improve Decision Making
Monetary policy
RBI Moves Away from Sector-Specific Refinance
RBI has decided to reduce the liquidity provided under the export credit refinance (ECR) facility from 50% of eligible export credit outstanding to 32% with immediate effect. To compensate for the reduction in ECR, it will also introduce a special term repo facility. This was in pursuit of the Dr. Urjit R. Patel Committee’s recommendations to drift away from sector-specific … [Read more...] about RBI Moves Away from Sector-Specific Refinance
High on Reforms Hopes, FIIs Likely to Pump Up Volumes
Buoyed by expectation of Modi led govt at Centre pushing a robust economic reform agenda, FIIs are likely to inject more foreign funds in equity markets. Indian’s financial institutions banks, mutual funds etc, keep a wait and watch policy over FIIs continuing injection of funds in equity markets since mid-Feb Total investment by FIIs in India’s equity market in 2014 stands … [Read more...] about High on Reforms Hopes, FIIs Likely to Pump Up Volumes
The Rupee, Dollar And Election Results
The now-stable rupee’s once volatile situation, especially its steep plunge during the time of increasing Current Account Deficits (CAD) was a major cause of concern. The stock market, which commands more attention than the rupee has reflected overseas’ confidence with the large inflow of capital from foreign institutional investors (FII) causing exponential rise in stock … [Read more...] about The Rupee, Dollar And Election Results
RBI’s Licences to New Banks
In the early stages, licences were granted to private players to establish new banks differing in terms of technology, capitalisation from the existing one and be a model for the dominant public sector banks. Before these licences, private bank licences were awarded to Kotak Mahindra Bank and Yes Bank in 2004. But is difficult to judge their performances as only a handful … [Read more...] about RBI’s Licences to New Banks