{"id":18739,"date":"2016-12-09T09:00:45","date_gmt":"2016-12-09T09:00:45","guid":{"rendered":"https:\/\/www.edristi.in\/?p=18739"},"modified":"2016-12-09T09:00:45","modified_gmt":"2016-12-09T09:00:45","slug":"fifth-bi-monthly-monetary-policy-statement-2016-17","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/fifth-bi-monthly-monetary-policy-statement-2016-17\/","title":{"rendered":"Fifth Bi-monthly Monetary Policy Statement, 2016-17"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question: RBI in its fifth Bi- monthly Monetary policy Statement lowered its forecast for India\u2019s gross domestic product (GDP) growth to \u2013<\/strong><br \/>\n(a) 7.2<br \/>\n(b) 7.6<br \/>\n(c) 7.1<br \/>\n(d) 7.4<br \/>\n<strong>Ans:(c)<\/strong><br \/>\n<strong>Related facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>On 7 December, 2016; RBI governor Urjit Patel led six-member Monetary Policy Committee (MPC) has released its fifth Bi- monthly Monetary policy Statement, 2016-17.<\/li>\n<li>The RBI kept keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.25 per cent.<\/li>\n<li>The reverse repo rate under the LAF remains unchanged at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.<\/li>\n<li>It may be recalled that Reserve Bank of India (RBI) on 5 October 2016 in its fourth Bi- monthly Monetary policy Statement cut repo rate by 25 bps to 6.25 per cent.<\/li>\n<li>Statutory Liquidity Ratio (SLR) remains unchanged at 20.75 per cent.<\/li>\n<li>Reserve Ratios Cash Reserve Ratio (CRR) of scheduled banks also remains unchanged at 4.0 per cent of net demand and time liability (NDTL).<\/li>\n<li>The MPC also has cut Gross Value Added (GVA) growth estimates for the economy in the fiscal year ending March 2017 to 7.1% from 7.6% earlier.<\/li>\n<li>The decision of the MPC is consistent with an accommodative stance of monetary policy in consonance with the objective of achieving consumer price index (CPI) inflation at 5% by Q4 of 2016-17 and the medium-term target of 4% within a band of +\/- 2%, while supporting growth.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=38818\" target=\"_blank\">https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=38818<\/a><br \/>\n<a href=\"https:\/\/rbi.org.in\/scripts\/Annualpolicy.aspx\" target=\"_blank\">https:\/\/rbi.org.in\/scripts\/Annualpolicy.aspx<\/a><br \/>\n<a href=\"http:\/\/www.livemint.com\/Industry\/YP7odc0NG8deWiSoWW060L\/RBIs-monetary-policy-statement-Key-highlights.html\" target=\"_blank\">http:\/\/www.livemint.com\/Industry\/YP7odc0NG8deWiSoWW060L\/RBIs-monetary-policy-statement-Key-highlights.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: RBI in its fifth Bi- monthly Monetary policy Statement lowered its forecast for India\u2019s gross domestic product (GDP) growth to \u2013 (a) 7.2 (b) 7.6 (c) 7.1 (d) 7.4 Ans:(c) Related facts: On 7 December, 2016; RBI governor Urjit Patel led six-member Monetary Policy Committee (MPC) has released its fifth Bi- monthly Monetary policy [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-18739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/18739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=18739"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/18739\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/18722"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=18739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=18739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=18739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}