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Finance Ministry Welcomes RBI’s Move to Cut Repo Rate by 25 Basis Point;
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....inance Ministry Welcomes RBI’s Move to Cut Repo Rate by 25 Basis Point; <br>News and Press Release<br>Dated:- 15-1-2015<br><BR>States this will Help in Providing A Fillip to the Economy Directly by ....
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....Increasing the Private Sector's Ability and Willingness to Spend as well as Indirectly by Improving the Balance Sheet of the Corporate Sector and Banks, Facilitating an Increase in Demand for and Supp....
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....ly of Credit The Ministry of Finance says that the 25 basis point Report Rate cut announced by the Reserve Bank of India (RBI) is a welcome move and consistent with strong and ongoing disinflationar....
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....y trends identified in the Ministry's Mid Year Economy Analysis presented to the Parliament last month. The Ministry further states that this is a significant move in signaling a shift in stance and....
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.... direction for policy going forward, as the RBI's statement has noted. The Ministry further states that this move will provide a fillip to the economy directly by increasing the private sector's abi....
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....lity and willingness to spend. It should also help indirectly by improving balance sheet of the Corporate Sector and banks, facilitating an increase in the demand for and supply of credit. The Minis....
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....try further states that along with other policy actions already taken by the Government and other that are under its consideration, this move represents one more step towards reviving investment and r....
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....ealizing India's medium term growth potential.<BR> News - Press release - PIB....