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MPC

Financial inclusion to aid price stability: RBI

MUMBAI: The RBI has said that deeper financial inclusion, which helps shape monetary policy, will give the central bank more headroom to focus on reducing inflation volatility. RBI deputy governor Michael Patra said on Friday that the financial inclusion, as measured by RBI’s FI-Index — has only recently crossed the halfway mark of the RBI’s goal…
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RBI governor: Growth still needs policy support

MUMBAI: Reserve Bank of India (RBI) governor Shaktikanta Das said that risks stalking the global economy have amplified with the rapid spread of the Omicron variant, leading to countries scrambling for restrictions. Given the uncertainty, continued policy support was warranted for a durable, broad-based and self-sustaining recovery, Das said in the…
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India to be among a few economies to rebound strongly; impact of Omicron to be less severe: Finmin report

NEW DELHI: India will be among only a few economies in the world to rebound strongly from Covid-19 induced economic contraction of 2020-21, a finance ministry report said assuaging that the Omicron variant's impact on the economy will be less severe due to rapid vaccination. Real GDP in Q2 of FY2021-22 has grown by 8.4 per cent YoY, recovering more…
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