Jago Grahak jago

State Consumer Helpline Knowledge Resource
Management Portal (SCHKRMP)

Empowering Consumers

Govt. of India
IIPA logo

Daily News Clipping

 
Health Insurance Claim: This is why your insurer may not pay the entire claim amount
Homebuyers can now seek full refund with 10 interest if flats get delayed beyond 1 year
Govt mulls making UPI-based QR codes mandatory for shops
Consumer panel to rescue of car buyer
Coke to connect with new-age consumers across media
Consumer court orders insurer to pay for inpatient diagnosis
Director of real estate firm held for non-compliance with consumer forum order
Possession delay, Consumer forum slaps Rs 1-lakh fine on Unitech
EMI scheme: HDFC Bank ordered to pay Rs 35,000 compensation to customer
Bank transfers Rs 48,000 to wrong account, held guilty for ‘careless transaction
Ahmedabad man sues lawyer after court dismisses his case
Consent not must for lifesaving surgery, says consumer body
Compensation of Rs 19 lakh awarded in medical negligence case
Bengaluru apartment owners win battle against developer
Complaints Against Illegal Deductions By Mobile Operators Can Be Filed In Consumer Forums: HP SCDRC
Air Canada to pay Rs 15k to Panchkula resident for damaging luggage
Pay Rs13.39L claim to truck owner, insurance co told
Consumer forum direts MakeMyTrip to pay Rs. Lakh to group of travellers
More power to you over builders Now, get refund for delayed possession of house
Irdai proposes to increase third-party insurance premium for cars, two-wheelers
Insurance firms told to pay Rs 27k for failing to provide cashless treatment
OnePlus directed to pay customer Rs.47,000
Charging GST on discounted items an ‘unfair trade practice’
Third party motor insurance rates may be hiked up to 20
More power to you over builders Now, get refund for delayed possession of house
Cookie crumbles for courier firm for ‘neglect’ in delivery.
Amul hikes milk prices by Rs 2 a litre from today
Insurance firm told to pay over Rs.2 lakh for non-settlement of claim
Firm fails to provide charter service to Amarnath shrine, to pay Rs. 25,000
Sterling Resorts told to refund customer for deficiency in service
Firm fails to provide charter service to Amarnath shrine, to pay ?25,000
GSTN launches prototype for new return filing system
SBI to organise nationwide customer meet to address grievances
CCI approves GSK, Pfizer joint venture in consumer healthcare
Rs.10.46 lakh compensation in 2017 accident case
No GST at duty-free shops: HC
 

RBI likely to keep interest rate unchanged on Dec 5
THE HINDU, DECEMBER 02, 2018


NEW DELHI: The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet for three days starting December 3 for the fifth bi-monthly monetary policy review of the current financial year.

The Reserve Bank is likely to maintain status-quo on interest rate in the upcoming monetary policy review on December 5 despite moderation in economic growth and easing inflation, opined experts.

After back-to-back hikes since June, the RBI had kept interest rates unchanged in the previous policy review in October, surprising markets that had expected a rate hike to support the tumbling rupee and combat inflationary pressures from high oil prices.

The repo rate, at which RBI lends to other banks, was left unchanged at 6.50%.

The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, will meet for three days starting December 3 for the fifth bi-monthly monetary policy review of the current financial year.

The MPC’s decision will be announced in the afternoon of December 5.

Since the previous policy announcement, rupee has appreciated against the US dollar and moved above the psychologically crucial mark of 70.

Global crude oil prices too have softened significantly, slipping below USD 60 per barrel from USD 86.

However, India’s economic growth slowed to 7.1% in the September quarter after peaking to an over two-year high in the first three months of this fiscal, as consumption demand moderated and farm sector displayed signs of weakness.

The growth in Gross Domestic Product (GDP) in July-September is the lowest in three quarters but better than 6.3% in the same period of the previous year.

The Indian economy had grown by 8.2% in the first quarter of the current fiscal year that began in April, according to data released by the Central Statistics Office (CSO).

Kotak Research said the MPC in its last policy had estimated inflation at 3.9-4.5% in the second half of the fiscal and 4.8% in first quarter of next year.

It expects the inflation at 2.9-4.3% in the second half of the fiscal and 4.5% in first quarter of 2019-20.

“The softer-than-expected inflation prints are on the back of benign food inflation, especially as most kharif crop prices remain well below the MSP prices.

“While softer retail fuel prices will push core inflation lower, there will be significant divergence from headline inflation mainly on the back of higher prices of education and health,” Kotak Research said, adding that it expects RBI to maintain status-quo.

Devendra Kumar Pant, Chief Economist, India Ratings and Research (Fitch Group), said 2018-19 may still end up with a GDP growth of 7.3 per cent and “RBI may get the much needed elbow room to keep the policy rate unchanged in the forthcoming bi monthly policy review on 5 December 2018”. Retail inflation based on Consumer Price Index (CPI) fell to a one-year low of 3.31% in October on the back of cheaper kitchen staples, fruits and protein-rich items, as per latest available data.

It was 3.7% in September 2018 and 3.58% in October 2017. The retail inflation number is the lowest since September 2017, when it touched 3.28%.

Translate this page

Help No. States Consumer Helplines

  • ANDAMAN & NICOBAR
    03192-246323
  • ANDHRA PRADESH
    1800-425-0082, 1800-425-2977
  • ARUNACHAL PRADESH
    1800-345-3601
  • ASSAM:
    1800-345-3611
  • BIHAR
    1800-345-6188
  • CHHATTISGARH
    1800-233-3663
  • DELHI
    011-23379266
  • GUJARAT
    1800-233-0222,
    079-27489945 / 46
  • HARYANA
    1800-180-2087
  • HIMACHAL PRADESH
    1800-180-8026
  • JHARKHAND
    1800-3456-598
  • KARNATAKA
    1800-425-9339,
    1967
  • KERALA
    1800-425-1550
  • MADHYA PRADESH
    1800-233-0046
  • MAHARASHTRA
    1800-22-2262
  • MANIPUR
    1800-345-3821,
    0385-2443924
  • MIZORAM
    1800-345-3891
  • NAGALAND
    1800-345-3701
  • ODISHA
    1800-345-6724,
    1800-345-6760,
    0674-2351990,
    0674-2350209
  • PUDUCHERRY
    1800-425-1082,
    1800-425-1083,
    1800-425-1084,
    1800-425-1085
  • RAJASTHAN
    1800-180-6030
  • SIKKIM
    1800-345-3209
  • TAMIL NADU
    044-28592828
  • TELANGANA
    1800-425-00333
  • TRIPURA
    1800-345-3665
  • UTTAR PRADESH
    1800-1800-300
  • UTTARAKHAND
    1800-180-4188
  • FSSAI
    1800-11-2100
  • WEST BENGAL
    1800-345-2808