Name: RBI monetary policy: Repo rate unchanged at 4%, GDP growth projected at 10.5% in FY22
Uploaded: 2021-02-05T11:33:40.fff+05:30
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Channel: editorji

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time and keep the stance accommodative, in the first policy af

RBI monetary policy: Repo rate unchanged at 4%, GDP growth projected at 10.5% in FY22

The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time and keeping the stance accommodative, in the first policy after Budget 2021.&nbsp;Meanwhile, the reverse&nbsp;repo rate&nbsp;will also continue to earn 3.35 per cent for banks for their deposits kept with the&nbsp;RBI.&nbsp;RBI&nbsp;governor,&nbsp;Shaktikanta&nbsp;Das&nbsp;said&nbsp;inflation has been better than what was expected in the December meeting.&nbsp;
Saying that GDP growth was projected at 10.5 per cent for the next fiscal, Das said that the Budget had provided impetus to health and infra sectors.
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The Reserve Bank of India on Friday left the benchmark interest rate unchanged at 4 per cent for a fourth time and keeping the stance accommodative, in the first policy after Budget 2021. Meanwhile, the reverse repo rate will also continue to earn 3.35 per cent for banks for their deposits kept with the RBI. RBI governor, Shaktikanta Das said inflation has been better than what was expected in the December meeting. Saying that GDP growth was projected at 10.5 per cent for the next fiscal, Das said that the Budget had provided impetus to health and infra sectors.

The Centre has announced that the govt of India has announced that will provide free foodgrain to 80 crore people under the PM Garib Kalyan Ann Yojana in the next two m

The Centre has announced that the govt of India has announced that will provide free foodgrain to 80 crore people under the PM Garib Kalyan Ann Yojana in the next two months as the country grapples with the acute Covid-19 crisis. The Centre said that 5 kg free foodgrain will be provided to the poor for the month of May and June 2021. Around 80 crore people are expected to benefit from the scheme. The govt's expenditure for the move will be more than Rs 26,000 crore. PM Narendra Modi has stressed that it is important that the poor of the country get nutritional support when the country is facing the second wave of coronavirus.

Prime Minister Narendra Modi, on Friday while interacting with the Chief Ministers of 10 states worst hit by the second wave of Covid-19, interrupted Delhi CM Arvind Ke

Prime Minister Narendra Modi, on Friday while interacting with the Chief Ministers of 10 states worst hit by the second wave of Covid-19, interrupted Delhi CM Arvind Kejriwal and objected to the discussion being televised by his office. This is strictly against our protocol&rsquo; the Prime Minister said. &nbsp;After being chided by the PM who said this behavior was &lsquo;not appropriate&rsquo; Kejriwal expressed "regret". The central government later accused Kejriwal of using the platform to "play politics" and "spread lies".
The Chief Minister's office later put out a statement saying there has never been any instruction, written or verbal, from the central government that the said interaction could not be shared live. His office however they regret any inconvenience caused.

Prime Minister Narendra Modi on Friday held a meeting with Chief Ministers of 10 states that are the worst hit by coronavirus. Supply of life saving medical oxygen has

Prime Minister Narendra Modi on Friday held a meeting with Chief Ministers of 10 states that are the worst hit by coronavirus. Supply of life saving medical oxygen has not been able to match the ever growing demand in the wake of the alarming rise in caseload. The PM has in Friday&rsquo;s meeting asked all states to ensure that tankers carrying oxygen to other states must not be stopped or delayed. His direction follows Delhi Chief Arvind Kejriwal&rsquo;s complaint that some states were stopping medical oxygen being transported to the national capital.

In an attempt to minimise the exposure to Covid-19 due to holding of hands, the Delhi Police approached the Supreme Court, requesting it to let policemen handcuff the a

In an attempt to minimise the exposure to Covid-19 due to holding of hands, the Delhi Police approached the Supreme Court, requesting it to let policemen handcuff the arrested persons and undertrials. The top court had previously issued judgments against hand-cuffs but had stated the police or jail authorities can seek permission for the same if there were certain extraordinary reasons, including the fact that accused or undertrials were &lsquo;high-risk prisoners&rsquo; . &nbsp;An urgent listing application has been filed by the Delhi Police requesting the apex court to relax the directions prohibiting handcuffing till the time the pandemic subsides.

Government sources on Friday said the interaction between the Prime Minister and Chief Ministers which was held today was not meant to be televised and accuse

Government sources on Friday said the interaction between the Prime&nbsp;Minister and Chief Ministers which was held today&nbsp;was not meant to be televised and accused Kejriwal of 'descending to a new low', news agency ANI has reported.
Government&nbsp;Sources said Delhi CM Kejriwal used the PM-CM conference on Covid as a platform to play politics.&nbsp;His entire speech was not meant for any solution but for playing politics and evade responsibility, they mentioned.
The interaction was live on TV and Delhi Chief Minister Arvind Kejriwal&nbsp;was seen highlighting the crippling oxygen crisis in hospitals in the capital and requesting Prime Minister for help.
However, the sources mentioned&nbsp;Kejriwal raised a point of airlifting oxygen but did not know that it is already being done. They added that he spoke about oxygen express by Railways but Railway says that he has not communicated anything about it to them.
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As India battles a severe second wave of Covid-19, the Indian Air Force has pitched in to assist the nation in fighting back against the virus surge. Amid the continue

As India battles a severe second wave of Covid-19, the Indian Air Force has pitched in to assist the nation in fighting back against the virus surge.
Amid the continue shortage of oxygen across the country which has left Covid patients gasping for breath, IAF has deputed its C-17 and IL-76 transport aircraft to airlift oxygen tankers to the filling stations across the country to speed up the distribution of oxygen cylinders.
On Friday, the IAF jets airlifted cryogenic oxygen containers from Air Force Station Hindan to Panagarh for recharging.

Prime Minister Narendra Modi held a meeting on Friday with chief ministers of 10 states with the most number of Covid-19 cases. The meeting via video conferencing come

Prime Minister Narendra Modi held a meeting on Friday with chief ministers of 10 states with the most number of Covid-19 cases.
The meeting via video conferencing comes amid a huge surge in coronavirus cases, which have now clocked a daily total of over 3 lakh in the country.
Chief ministers of Maharashtra, Uttar Pradesh, Kerala, Chhattisgarh, Madhya Pradesh and Delhi are among those who attended the meeting.
The PM will hold a meeting with leading oxygen manufacturers in the country via video conference amid concerns expressed by some states that their supply of the life-saving gas is running short with a number of hospitals sending out SOS.

Delhi chief minister Arvind Kejriwal on Friday raised the issue fo shortage of oxygen in the Capital during meeting with Prime Minister Narendra Modi.

Delhi chief minister Arvind Kejriwal on Friday raised the issue fo shortage of <a href="https://www.editorji.com/story/give-full-oxygen-quota-to-delhi-ensure-tanker-safety-hc-to-centre-1619092569938" target="_blank">oxygen</a> in the Capital during meeting with Prime Minister Narendra Modi.
Several Delhi hospital are sending out SOS messages to the Centre and the AAP govt over low oxygen stocks. "Will people of Delhi not get oxygen if there is no oxygen-producing plant here?" the CM asked the PM.
He further asked who he should speak to in the Central Govt when an oxygen tanker destined for Delhi is stopped in another state? Delhi and Haryana are locked in a bitter political tussle over Oxygen tankers with the Haryana govt accusing the Capital govt of looting its tanker.
Also Read | <a href="https://www.editorji.com/story/this-is-on-you-rahul-gandhi-slams-centre-over-shortage-of-oxygen-1619162667691" target="_blank">'This is on you': Rahul Gandhi slams Centre over shortage of Oxygen</a>

Congress leader Rahul Gandhi on Friday slammed the center over the shortage of Oxygen and the lack of ICU beds in the hospitals.

Congress leader Rahul&nbsp;Gandhi on Friday slammed the center over the <a href="https://www.editorji.com/story/will-delhi-not-get-oxygen-cm-raises-shortage-with-pm-modi-1619164293930" target="_blank">shortage of Oxygen</a> and the lack of ICU&nbsp;beds in the hospitals amid a sharp rise in the number of deaths related to&nbsp;<a href="https://www.editorji.com/covid-19" target="_blank">Covid-19</a> in the country.
Calling out the govt, the&nbsp;Wayanad&nbsp;MP tweeted: "Corona can cause a fall in Oxygen level but it's the oxygen shortage and lack of ICU&nbsp;beds that is causing deaths. 'This is on you'," he said.&nbsp; As per the health ministry data, the country registered a record of 2,263 deaths in the last 24 hours pushing the total death count to 1,86,920.&nbsp;
Also Read | <a href="https://www.editorji.com/story/india-logs-world-s-biggest-covid-spike-for-second-day-in-a-row-1619151206216" target="_blank">India logs world's biggest Covid spike for second day in a row</a>

India has reported over 3 lakh coronavirus cases for the second day in a row.

India has reported over 3 lakh coronavirus cases for the second day in a row. The country has set world record for the highest daily spikes in <a href="https://www.editorji.com/covid-19" target="_blank">Covid cases</a> for the second consecutive day. Over 3.32 lakh new infections and 2,263 deaths were reported in 24 hours, according&nbsp;to the data released by the health ministry on Friday morning.
This is the second straight that that the country is reporting over three lakh cases. India is second only to the United States in the total number of cases reported since the beginning of the pandemic.
The number of active cases has now gone up to over 24 lakh and the death toll is touching 1.87 lakh.
Also Read | <a href="https://www.editorji.com/story/25-patients-dead-in-24-hrs-ganga-ram-hospital-gets-oxygen-after-sos-1619148162191" target="_blank">'25 patients dead in 24 hrs': Ganga Ram hospital gets Oxygen after SOS</a>

As covid cases continue to soar above the daily 3 lakh marks banks have decided to reduce branch timings from 10 am -2 pm and also cut attendance to 50%..

As <a href="https://www.editorji.com/covid-19" target="_blank">covid&nbsp;cases</a> continue to soar above the daily 3 lakh marks banks have decided to reduce branch timings from 10 am -2 pm and also cut attendance to 50%. Most banks are likely to provide only the four mandatory functions at branches - accepting deposits, cash withdrawals, remittance and government businesses. The&nbsp;Indian Banks&rsquo; Association stated Considering the fact that there is no nationwide lockdown this time, the State Level Bankers&rsquo; Committees (SLBC) could modify the SOPs as per the prevailing situation and needs in respective states.&rdquo;&nbsp; Last year the pandemic claimed lives of 600 bankers.
Also Read | <a href="https://www.editorji.com/story/india-logs-world-s-biggest-covid-spike-for-second-day-in-a-row-1619151206216" target="_blank">India logs world's biggest Covid spike for second day in a row</a>

The hospital officials said that 25 critical Covid patients have died in the last 24 hours

Top Delhi hospitals have sent Oxygen SOS to the Capital and Central govts. Sir Ganga Ram hospital received fresh Oxygen supply after it raised an alarm on Friday morning saying that its <a href="https://www.editorji.com/story/explainer-what-is-oxygen-therapy-and-why-is-vital-in-fight-against-covid-19-1619037209825" target="_blank">Oxygen</a> stock will last only 2 hours.
The hospital officials said that 25 critical <a href="https://www.editorji.com/covid-19" target="_blank">Covid</a> patients have died in the last 24 hours and lives of another 60 critical patients were in peril due to depleting Oxygen stocks. Fortunately Oxygen arrived in the hospital in time.
Max hospital too tweeted an SOS on Friday morning saying less than hour's Oxygen was left at the hospital putting lives of 700 patients admitted in the hospital at risk.
Also Read | <a href="https://www.editorji.com/story/this-simple-sleep-position-can-boost-oxygen-level-in-covid-patients-1619061266084" target="_blank">This simple sleep position can boost Oxygen level in Covid patients</a>

After severe criticism of its rules for Covid-19 patient admission, the Uttar Pradesh government has revised its order.

After severe criticism of its rules for <a href="https://www.editorji.com/covid-19" target="_blank">Covid-19</a> patient admission, the Uttar Pradesh government has revised its order. The earlier rule stated that Covid-19 patients can be admitted in private hospitals only with referral of the Integrated Covid Command Center.
This had led to a huge rush at the centre for referral letters, drawing criticism on social media and the opposition.
In the revised order, the state govt has said that now Covid patients can be admitted in private hospitals on the basis of their test reports.
After admission by private hospitals, they will have to report about the cases immediately on the portal of the state government.
Also Read | <a href="https://www.editorji.com/story/uttar-pradesh-records-highest-ever-daily-spike-in-covid-19-cases-1619093727463" target="_blank">Uttar Pradesh records highest-ever daily spike in Covid-19 cases</a>

Prime Minister Narendra Modi announced on Thursday that India and the US are launching an agenda 2030 partnership on green collaborations...

Prime Minister Narendra Modi announced on Thursday that India and the US are launching an "agenda 2030" partnership on green collaborations.PM Modi pitched for concrete action at a "high speed" and on a "large scale" globally to combat climate change.
Addressing a virtual summit on climate change convened by US President Joe Biden, Modi said a guiding philosophy of "back to basics" must be an important pillar of the economic strategy. He asserted that India has taken "many bold steps" on clean energy, energy efficiency and bio-diversity.
The summit is being attended by some 40 world leaders, including Chinese President Xi Jinping, his Russian counterpart Vladimir Putin, Canadian Prime Minister Justin Trudeau and his Japanese counterpart Yoshihide Suga.
Also Read | <a href="https://www.editorji.com/story/pm-says-he-won-t-hold-bengal-rally-will-chair-covid-19-meetings-1619096398392" target="_blank">PM says he won't hold Bengal rally, will chair Covid-19 meetings</a>

A family in Rajasthan's Nagaur went all out to welcome the first girl child born in their house in 35 years. To mark the special occasion, the family hired a helicopter

A family in Rajasthan's Nagaur went all out to welcome the first girl child born in their house in 35 years. To mark the special occasion, the family hired a helicopter to welcome the newborn home. The family hired a chopper to bring back the newborn girl and her mother from the woman's maternal home, after post-delivery care. Hanuman Prajapat and his wife Chuki Devi had welcomed their daughter last month in Rajasthan&rsquo;s Nagaur district hospital. Prajapat said it was his father Madanlal Kumhar&rsquo;s idea to celebrate the birth of his granddaughter, whom they have named Riya. A video of the family onboard with the baby girl is now doing rounds of social media. The ride reportedly cost the family ₹4.5 lakh.

A thief who had stolen over 1,700 doses of Covid-19 vaccine from a government hospital in Haryana's Jind district on Wednesday night had a change of heart. Within hours

A thief who had stolen over 1,700 doses of Covid-19 vaccine from a government hospital in Haryana's Jind district on Wednesday night had a change of heart. Within hours, the unidentified thief returned returned the package with a note that stated that he did not know that these were coronavirus jabs.
A total of 1,270 doses of Covishield and 440 doses of Covaxin were stolen from the hospital, police said on Thursday.
"The accused did not touch any other vaccine, medicine, cash, etc. in the store," police added.
Later, a man came on a motorcycle and left the vaccines at a tea stall outside the Civil Lines police station with the apology note.

Canada has banned all flights from India and Pakistan for 30 days due to the growing wave of Covid-19. The ban came on a day India recorded world's biggest spike in inf

Canada has banned all flights from India and Pakistan for 30 days due to the growing wave of Covid-19. The ban came on a day India recorded world's biggest spike in infections with over 3.15 lakh new cases. Transportation Minister Omar Alghabra announced the ban citing increased Covid-19 cases detected in travelers arriving from these countries. The ban will not apply to cargo flights, the govt said, particularly to ensure the continued shipment of vaccines, personal protective equipment and other essential goods.
While India accounts for 20% of recent air travel to Canada, more than half of all positive tests at the border were from flights arriving from the country, the health ministry said.

13 patients died after a fire broke out in a Covid hospital in Maharashtra's Virar.

13 patients died after a fire broke out in a <a href="https://www.editorji.com/covid-19" target="_blank">Covid</a> hospital in Maharashtra's&nbsp;Virar. Officials said that all the deceased were admitted in the ICU of the hospital. This is the second major tragedy involving a Covid hospital in the state in two days.
At least 24 Covid-19 patients on life support had died after a leak in a medical oxygen tank disrupted the supply of the gas at Dr Zakir Hussain Hospital in Nashik on Wednesday.
Also Read | <a href="https://www.editorji.com/story/with-15-000-cr-pending-claims-fm-send-message-to-insurers-to-prioritise-covid-claims-1619152081124" target="_blank">With over ₹15,000 cr worth of claims, FM send message to insurers to prioritise covid claims</a>

Coronavirus Delhi Update: Delhi recorded its deadliest day since the beginning of the Covid pandemic on Thursday.

Delhi recorded its deadliest day since the beginning of the <a href="https://www.editorji.com/covid-19" target="_blank">Covid pandemic</a> on Thursday. 306 people died and more than 26,000 new Covid cases were reported in 24 hours. The total number of fatalities in the Capital have gone up to 13,193 and the caseload to ov er 9.5 lakh. There are currently more than 91,000 active cases.
The positivity rate has also gone up to an alarming 36.24 per cent. The national capital has been logging over 25,000 cases for many days now.
The Capital has been battling a devastating fourth wave of coronavirus which has led to a shortage of hospital beds and medical oxygen.
Also Read | <a href="https://www.editorji.com/story/25-patients-dead-in-24-hrs-ganga-ram-hospital-gets-oxygen-after-sos-1619148162191" target="_blank">'25 patients dead in 24 hrs': Ganga Ram hospital gets Oxygen after SOS</a>

Farmers camping at Delhi's borders in protest against three new agriculture laws of the Centre on Thursday said one side of the highway at the Singhu border will be cle

Farmers camping at Delhi's borders in protest against three new agriculture laws of the Centre on Thursday said one side of the highway at the Singhu border will be cleared for giving passage to vehicles carrying oxygen supplies.
The decision was taken after the leaders of the Samyukt Kisan Morcha&nbsp;met officials of the Haryana government on Thursday evening. SKM leader Darshan Pal said in a statement that the protesting farmers will support the fight against the Covid-19 pandemic in every possible way and they are committed to causing the least inconvenience to the citizens.

RBI keeps key lending rate unchanged at 4%

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