RBI third Quater Monetary Policy Review FY 14

Following are the highlights of RBI’s third quarter review of monetary policy: *Key lending rates hiked by 0.25 per cent to 8 per cent *Cash reserve ratio kept unchanged at 4 per cent *Marginal Standing Facility (MSF) rate stands at 9 per cent *GDP growth to be less than 5 pc in current fiscal *Growth Read more about RBI third Quater Monetary Policy Review FY 14[…]

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Withdrawl of Currency notes to Unearth Black Money

Today it was in the news that from 01/04/2014 Currency notes  will be completely withdrawn from the circulation, which were issued before 2005. It has its own implication for the economy, two of them which are most important are to unearth the black money in India and to check the counterfeited currency. another important objective Read more about Withdrawl of Currency notes to Unearth Black Money[…]

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