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Top 10 things from the RBI meet that you need to take note of

Apr 07, 2021 16:06 IST | By Editorji News Desk

RBI is geared to support the economy till recovery stabilises, Here are the top 10 announcements you should take note of -: 

  1. RBI has kept rates at record low, removes time based guidelines but assures that policy will remain accommodative till growth stabilises 

  2. RBI has maintained GDP outlook for 10.5% growth for this year but raised concerns on recovery as localised lockdowns could hurt supply.
     
  3. Inflation outlook for April-October has been raised t 5.2% vs 5.0%, but this forecast will alter as per monsoon movement. 

  4. Customers of payment banks allowed to hold balances up to Rs 2 lakh as against Rs 1 lakh earlier
     
  5. RBI has allowed fintech cos, payment companies to be a part of centralised payment systems - RTGS and NEFT
  6. RBI backs the idea of adding fuel to the GST pack, says coordinated effort by state-centre can reduce tax pressure on fuel prices

  7. Big move for bond markets, central bank announced Government Security Acquisition Programme (G-SAP)

  8. RBI to buy Rs 1 lakh crore of G-Sec under G-SAP from April-June
  9. First purchase of Rs 25,000 crore of g-secs will be done on April 15.
  10. Priority sector lending norms eased for agriculture and warehousing services.


Economy