Shaktikanta Das India city Mumbai 2020 information Government shock Shaktikanta Das India city Mumbai

RBI: Inflation outlook highly uncertain, growth remains a concern

Reading now: 685
www.livemint.com

MUMBAI: India’s inflation outlook is highly uncertain at the moment and forecasting it has become complicated due to partial release of data by the National Statistical Office (NSO), said Reserve Bank of India (RBI) governor Shaktikanta Das on Friday.

More worrisome, however, is the risk to India's economic growth, the governor said. The monetary policy committee, Das said, is of the view that headline inflation may remain firm in the first half of FY21 but should ease in the second half aided by favourable base effect.

By Q3 and Q4 of the current fiscal, the MPC expects headline inflation to fall below the target of 4%. “Thus, the forward guidance of the MPC is directional rather than in terms of levels.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

8-year-old Kidnap victim found and handed over to authorities - newsfirst.lk - Sri Lanka
newsfirst.lk
78%
253
8-year-old Kidnap victim found and handed over to authorities
COLOMBO (News 1st); The 8-year-old boy who was kidnapped from Horana was found on Thursday (17) evening and was handed over to the Horana Police HQI, said Sri Lanka Police.A police operation was launched on Thursday (17) afternoon after the boy was abducted by his own father.The man who abducted his own son from Horana was shot dead in a shootout with police on Thursday (17) afternoon.Sri Lanka Police announced that the man who was gunned down during a shootout with the Police Special Task Force was identified as Neelanka Sandaruwan alias Neela.Sri Lanka Police said the suspect had abducted his 8-year-old son from his mothers’ residence in Horana., after firing several rounds into the air.Police Spokesperson Attorney-at-Law Nihal Thalduwa speaking to News 1st said police officers received a tip-off that the man was in hiding in Walpita, Anguruwatota.Sri Lanka Police had launched a search operation to locate the kidnapper and based on the investigation police officers had surrounded a house in Wellapitiya, Horana.According to Sri Lanka Police, the suspect had opened fire at the officers.Police Officers then immediately called in the support of the Police Special Task Force.The STF’s Motor Cycle Attack squad Quick Reaction Team reached the location and they too were fired upon by the suspect, said Sri Lanka Police adding the STF personnel then returned fire, eventually killing the suspect.A T-56 Assault Rifle and several bullets that were in the possession of the suspect were seized from the crime scene.However, the suspect’s son was not at the house where the shooting took place, said the Police Spokesperson, adding a special operation is underway to locate him.The suspect had recently attacked his wife using a sharp
DMCA