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[Current] April-Week1-P1: Economy-Monetary Policy update,GI Tagging for Kanauj Attar,Predatory Pricing by Spicejet, BIS new labelling guidlines for electronics
1. [Act 1] Economy
2. E1: RBI: Monetary Policy April 2014
3. E2: GI Tagging & EC model code
1. #1: Dharmavaram Pattu Silk Sarees: Andhra
2. #2: Kannauj Attar, UP
3. #3: Muradabad Metal craft UP
4. #4: Saharanpur woodcraft, UP
5. #5: Firozabad Glassware, UP
4. E3: Predatory pricing by Aviation Companies
5. E4: BIS New labelling guidelines for Electronics
[Act 1] Economy
Current Affairs for April week 1 (1st to 7th April). Total three parts
1. Part 1/3: Economy= You’re here. (bank license topic discussed separately)
2. Part 2/3: Environment, Biodiversity, Polity and Culture click me
3. Part 3/3: Diplomacy-international relations (click me)
E1: RBI: Monetary Policy April 2014
Make sure you know the theory of repo, reverse repo, LAF, MSF, CRR, SLR, if not then click me
28th Jan 2014: Monetary policy (and Rajan said he’d update it after two months = Feb, March)
1st April 2014: monetary policy update
Key rates unchanged:
Bank Rate
9%
Marginal standing facility (MSF)
9%
LAF
Repo rate (policy rate)
8%
Reverse Repo rate
7%
Reserve ratios
Cash Reserve ratio (CRR)
4%
Statutory liquidity ratio (SLR)
23%
These rates are one and same like previous update (Feb 2014).
Rajan did not change the policy rate (repo rate) for the following reasons
1. Yes, inflation has declined but not sufficient enough where repo rate should be reduced.
2. Rajan fears that even in 2015, (CPI) inflation will not go below 8%, because…
3. Geo-political developments (like Ukrain) and their (negative) impact on crude oil, gold & other international commodity prices.
4. El Nino effect = less monsoon = less food production
5. fuel, fertilizer and electricity subsidies = more money supply (from government’s side)
6. MSP (Minimum support prices) on foodgrains. = more money supply
1. [Act 1] Economy
2. E1: RBI: Monetary Policy April 2014
3. E2: GI Tagging & EC model code
1. #1: Dharmavaram Pattu Silk Sarees: Andhra
2. #2: Kannauj Attar, UP
3. #3: Muradabad Metal craft UP
4. #4: Saharanpur woodcraft, UP
5. #5: Firozabad Glassware, UP
4. E3: Predatory pricing by Aviation Companies
5. E4: BIS New labelling guidelines for Electronics
[Act 1] Economy
Current Affairs for April week 1 (1st to 7th April). Total three parts
1. Part 1/3: Economy= You’re here. (bank license topic discussed separately)
2. Part 2/3: Environment, Biodiversity, Polity and Culture click me
3. Part 3/3: Diplomacy-international relations (click me)
E1: RBI: Monetary Policy April 2014
Make sure you know the theory of repo, reverse repo, LAF, MSF, CRR, SLR, if not then click me
28th Jan 2014: Monetary policy (and Rajan said he’d update it after two months = Feb, March)
1st April 2014: monetary policy update
Key rates unchanged:
Bank Rate
9%
Marginal standing facility (MSF)
9%
LAF
Repo rate (policy rate)
8%
Reverse Repo rate
7%
Reserve ratios
Cash Reserve ratio (CRR)
4%
Statutory liquidity ratio (SLR)
23%
These rates are one and same like previous update (Feb 2014).
Rajan did not change the policy rate (repo rate) for the following reasons
1. Yes, inflation has declined but not sufficient enough where repo rate should be reduced.
2. Rajan fears that even in 2015, (CPI) inflation will not go below 8%, because…
3. Geo-political developments (like Ukrain) and their (negative) impact on crude oil, gold & other international commodity prices.
4. El Nino effect = less monsoon = less food production
5. fuel, fertilizer and electricity subsidies = more money supply (from government’s side)
6. MSP (Minimum support prices) on foodgrains. = more money supply