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October 18, Thursday 2018 6:59 AM       

       HEADLINES: Nation going to witness protests of Ayyappa devotees, Rahul Easwar tells Arnab Goswami                                              ‘Cyber bullies should be purified’, says Saradakkutti                                              Women should not destroy rituals, says Ali Akbar                                              Police dept prepares List of women-officers to be deployed at Sabarimala                                              Navarathri festival begins at Pathmanabhapuram palace                                              Bar demands lifting ban on lawyers' strike, but CJI unimpressed                                              Sharad Pawar won't contest 2019 polls: NCP                                              Khaleda Zia admitted to specialised state-run hospital                                              India beat West Indies by innings and 272 runs                                              Kaumudi Facebook
       BUSINESS Next Article: CAG of India signs 28 UN Audit Reports  
       Considerable uncertainty around impact of MSP schemes, says RBI
 
         Posted on :19:25:41 Aug 1, 2018
   
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       Last edited on:19:25:41 Aug 1, 2018
         Tags: MSP schemes, RBI
 
New Delhi: The Reserve Bank of India (RBI) Deputy Governor Viral Acharya on Wednesday said that the impact of MSP hike on projections is a challenging task.
 
"Such an increase operates through multiple channels as there is a direct impact on the targeted food items. There could be impact on rural wages and then there could be generalization of all this through inflation expectations.
 
He added that the MPC's rate hikes in June and August will only play out in due course in their projections.
"It is proposed to set up an internal group to comprehensively review timings of various markets and the necessary payment infrastructure for supporting the recommended revisions to market timings," added Acharya.
 
The MPC which will hold its next meeting during the festive season from October 3 to 5, 2018, is likely to not see a rate increase.
 
The Reserve Bank of India (RBI) on Wednesday raised its repo rate by 25 basis points to 6.5 percent, keeping its focus firmly on taming inflation.
 
The six member Monetary Policy Committee (MPC) said that its decision is consistent with the neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 percent. 
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       BUSINESS
Next Article: CAG of India signs 28 UN Audit Reports
 
 
BUSINESS HEADLINES
IndiGo announces flights to Male, Phuket  
RBI maintains status quo; warns volatile oil prices pose risk to inflation  
Chanda Kochhar resigns from ICICI Bank  
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Prabhu to chair inter-ministerial meet on rupee, trade deficit tomorrow  
Jaitley defends loan write-offs; says they don't lead to waiver, recovery still pursued  
Air India to sell 14 properties; eyes Rs 250 cr  
Betting on premiumisation, Godrej Locks eyes Rs 10 billion revenue by FY22  
Uttarakhand receives investment proposals worth Rs 74K cr  
Trade war will help India emerge as bigger trading, manufacturing base: Jaitley  
RBI eases cash reserve rules to ease liquidity  
Gold climbs Rs 175 on global cues, jewellers' buying  
India's economy continues on robust growth path: ADB  
Sensex, Nifty turn choppy ahead of US Fed policy outcome  
Jaitley asks PSU banks to take effective action against frauds, wilful defaults  
New MD-cum-CEO for Indian Bank  
New MD-cum-CEO for Indian Bank  
India may cut oil imports to mitigate pain from high oil prices, dip in rupee  
Gold rises marginally as traders widen bets  
Fed rate decision, rupee, crude oil to drive markets this week: Experts  
"RBI unlikely to hike repo rate in Oct despite weak INR"  
OYO to hire over 2,000 tech experts, engineers by 2020  
Sensex ends in red after 1,000-pt flash crash  
OYO to hire over 2,000 tech experts, engineers by 2020  
Avis India announces free doorstep delivery, collection of self-drive cars  
 
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