ADVERTISEMENT
site_logo
  • Campus
  • Happening
  • Opinion
  • People
  • News
  • #BeInspired
  • Careers
  • 40 under 40
  • Exams
  • What The FAQ
  • Videos
    • Straight Up
    • Odisha Literary Festival 2020
    • Campus Convo
    • Careers After Corona
    • Express Expressions
    • Q&A With Prabhu Chawla
    • ThinkEdu Awards 2020
  • edex_worksEDEXWORKS
ADVERTISEMENT
pandemic

Published: 07th April 2021     

What The FAQ: What is the RBI's new monetary policy all about?

The RBI Governor Shaktikanta Das has announced the new monetary policy on Wednesday. Here's why it is important

Parvathi Benu
Edex Live
f_icon t_icon i_icon l_icon koo_icon whatsapp_icon email_icon

Share Via Email

What_the_FAQs

What the FAQ

The Reserve Bank of India has introduced its new Monetary Policy for fiscal 2021-2022 on Wednesday. It was announced by the RBI Governor Shaktikanta Das at a press conference, after a three-day-long meeting. We breakdown what it was all about and the key takeaways from it.

Why is the policy important?

The new monetary policy by the RBI is seen by many economists as an indispensable measure to help the economy fight the second charge of the pandemic. The Indian economy had recorded negative growth in decades, in the last financial year.

READ ALSO: What the FAQ: Taller than Eiffel Tower, India completes arch of the world's highest rail bridge. Here's all about it

What is there in the new policy?

The deadline of Targeted Long Term Repo Operations  (TLTRO) was extended to September 30 from March 31. Banks can now accept deposits of Rs 2 lakh from individuals. Earlier, it was Rs 1 Lakh. Apart from that, RTGS and NEFT will be extended to entities other than banks. Also, the RBI announced the introduction of a Financial inclusion index to measure the level of financial inclusion, which will be published every July.

Can the Indian economy ever recover?

Answering the questions at the press conference, the RBI governor says that an efficient vaccine distribution is key to the recovery of the economy. Das also said that the vaccine distribution has strengthened the Financial Year 2021-22.

telegram
TAGS
pandemic What the FAQ RBI Monetary Policy

O
P
E
N

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
telegram
ADVERTISEMENT
Write to us!

If you have campus news, views, works of art, photos or just want to reach out to us, just drop us a line.

newsletter_icon
Mailbox
edexlive@gmail.com
fb_icon
Facebook
twitter_icon
Twitter
insta_icon
Instagram
ADVERTISEMENT
Facebook
ADVERTISEMENT
Tweets by Xpress_edex
ADVERTISEMENT
ADVERTISEMENT

FOLLOW US

Copyright - edexlive.com 2021

The New Indian Express | Dinamani | Kannada Prabha | Samakalika Malayalam | Indulgexpress | Cinema Express | Event Xpress

Contact Us | About Us | Privacy Policy | Terms of Use | Advertise With Us

Home | Live Now | Live Story | Campus Trip | Coach Calling | Live Take