Homepage
PR Newswire
11-08-2014, 10:30 AM
The much-watched move of Modi-government on his India reform...
India’s central bank, Finance Ministry discuss new monetary policy framework
NEW DELHI — India’s central bank has started talks with the Finance Ministry on a new monetary policy framework, including measures to reduce retail price inflation, Governor Raghuram Rajan said yesterday.
The central bank last Tuesday kept its policy rate unchanged for the third time in a row at 8 per cent and set a target to bring down retail inflation to 6 per cent by March 2016.
“We will be discussing monetary policy framework through the course of the year,” Mr Rajan told a news conference after a meeting of the Reserve Bank of India’s (RBI) board.
Mr Rajan said the Finance Ministry would develop the framework. Finance Minister Arun Jaitley said the central bank would make a final call on its 6 per cent inflation target by March 2016. “It is an issue on which the RBI will decide and I am sure they will factor in various circumstances,” he said.
...
http://www.todayonline.com/business/indi...-framework
India’s central bank, Finance Ministry discuss new monetary policy framework
NEW DELHI — India’s central bank has started talks with the Finance Ministry on a new monetary policy framework, including measures to reduce retail price inflation, Governor Raghuram Rajan said yesterday.
The central bank last Tuesday kept its policy rate unchanged for the third time in a row at 8 per cent and set a target to bring down retail inflation to 6 per cent by March 2016.
“We will be discussing monetary policy framework through the course of the year,” Mr Rajan told a news conference after a meeting of the Reserve Bank of India’s (RBI) board.
Mr Rajan said the Finance Ministry would develop the framework. Finance Minister Arun Jaitley said the central bank would make a final call on its 6 per cent inflation target by March 2016. “It is an issue on which the RBI will decide and I am sure they will factor in various circumstances,” he said.
...
http://www.todayonline.com/business/indi...-framework
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡