RBI annual report
Posted on : 30 Nov 2019Views: 134
- The report, which is released every year, analyses the working and operations of the RBI and suggests measures to improve the economic performance.
- Release of the new economic capital framework under which RBI will transfer ₹1.76 trillion surplus to the government.
- Reviving consumption demand and private investment remains the top priority in the current fiscal.
- RBI, cautioned that a broad-based cyclical downturn is underway in several sectors—manufacturing, trade, hotels, transport, communication and broadcasting, construction, and agriculture.
- The delayed onset and skewed distribution of the south-west monsoon may pose downside risks to crop production and rural consumption demand.
- The central bank has forecast India’s GDP to grow at 6.9% for FY20—in the range of 5.8-6.6% during the first half of the year and 7.3-7.5% in the second half.
- The annual report pointed out that throughout the year, protectionist policy pronouncements and actions dominated the global political arena.
- Another conduit through which trade wars and other sources of global spillovers impacted India during 2018-19 is the intertwining of the finance and confidence channels.
- Viable external financing can become an additional consideration for holding adequate precautionary buffers.
- One of the recommendations of BimalJalan committee report is that the central bank should align its accounting year to the Arpil-March fiscal year for better understanding.
Article Related Questions
Consider the following Statements regarding recently released RBI’s annual report
1.The report, is released every 2 years
2.The central bank has forecast India’s GDP to grow at 6.9% for FY20
Which of the above statements is/are correct?
The 1857 Uprising was the culmination of the recurrent big and small local rebellions that occured in the preceding hundred years of British Rule. Elucidate (Answer in 150 words) - 2019 Mains
3.Both 1 and 2
4.Neither 1 nor 2
Right Ans : 2 only