Editorials/Opinions Analysis For UPSC 06 May 2022
Contents
- Inflation control needs another model
- With repo rate hike, RBI has done what’s necessary
Inflation Control Needs Another Model
Context
At the conclusion of the April meeting, the Monetary Policy Committee had already warned that the focus will henceforth be on inflation. Yesterday it raised the repo rate somewhat sooner than was expected by the market.
Relevance
GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Dimensions of the Article
- Discourse on inflation engaged in by the western central banks
- Inflation control in India
- What needs to be done?
- Way Forward
Click Here To Read More: Inflation Control Needs Another Model
With Repo Rate Hike, RBI Has Done What’s Necessary
Context
The RBI has decided to take the bull by the horns. It has raised the repo rate by 40 basis points and the cash reserve ratio (CRR) by 50 basis points to fight inflation.
Relevance
GS-III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Dimensions of the Article
- Why major central banks across the world are hiking rates?
- Analysing the RBI’s decision to hike interest rates
- Inflation dynamics in India
- Way Forward
Click Here To Read More: With Repo Rate Hike, RBI Has Done What’s Necessary
