https://www.taxtmi.com/news?id=21382 Monetary policy shifted to an accommodative stance with a short-term policy rate reduction to address growth concerns while ruling out near-term rate hikes; systemic liquidity is now in surplus and the central bank committed to ensuring sufficient liquidity. The review narrowed the GDP growth forecast and cited lower food inflation as enabling consecutive easing. The governor stressed that an accommodative stance does not guarantee further cuts and called for faster transmission by banks. State development loans were described as sovereign-backed and safe; the RBI is examining fraud reports and will comply with a judicial order on disclosure under access-to-information rules. en-us Thu, 06 Jun 2019 17:27:26 +0530 Thu, 06 Jun 2019 17:27:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21382 Monetary policy shifted to an accommodative stance with a short-term policy rate reduction to address growth concerns while ruling out near-term rate hikes; systemic liquidity is now in surplus and the central bank committed to ensuring sufficient liquidity. The review narrowed the GDP growth forecast and cited lower food inflation as enabling consecutive easing. The governor stressed that an accommodative stance does not guarantee further cuts and called for faster transmission by banks. State development loans were described as sovereign-backed and safe; the RBI is examining fraud reports and will comply with a judicial order on disclosure under access-to-information rules. News - Thu, 06 Jun 2019 17:27:26 +0530 https://www.taxtmi.com/news?id=21382