https://www.taxtmi.com/news?id=17489 Monetary policy will support a rapid rebound after withdrawal of high denomination notes, with remonetisation proceeding quickly and a V shaped recovery expected following a short slowdown. The RBI lowered near term growth estimates but forecasts a stronger rebound next year; full benefits of currency replacement will take time. Sustainable higher growth hinges on structural reforms in land and labour. The MPC kept the policy rate unchanged and shifted stance from accommodative to neutral to allow flexibility, and emphasised maintaining low, stable inflation and financial stability. Rising trade protectionism poses volatility risks. en-us Fri, 17 Feb 2017 13:24:12 +0530 Fri, 17 Feb 2017 13:24:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17489 Monetary policy will support a rapid rebound after withdrawal of high denomination notes, with remonetisation proceeding quickly and a V shaped recovery expected following a short slowdown. The RBI lowered near term growth estimates but forecasts a stronger rebound next year; full benefits of currency replacement will take time. Sustainable higher growth hinges on structural reforms in land and labour. The MPC kept the policy rate unchanged and shifted stance from accommodative to neutral to allow flexibility, and emphasised maintaining low, stable inflation and financial stability. Rising trade protectionism poses volatility risks. News - Fri, 17 Feb 2017 13:24:12 +0530 https://www.taxtmi.com/news?id=17489