Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Rajan defends inflation targeting objective of RBI

Updated: June 20th, 2016, 23:44 IST
in Uncategorized
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Press Trust of India

 

Also Read

38-year-old Afridi makes history before SA lower-order fightback

38-year-old Afridi makes history before SA lower-order fightback

31 minutes ago
Gold

Gold prices may drop to Rs 1.22–Rs 1.23 lakh per 10 gm

31 minutes ago

sachibalaya thare reserve bank governor dr.raghuram .g.rajana baktabya pradan karuchanti  29

Mumbai, June 20: Within days of announcing his decision to leave RBI in September, Governor Raghuram Rajan Monday hoped his successor and the new monetary policy committee will ‘stay the course’ to ensure a low-inflation future for the country. “In the days ahead, a new governor as well as members of the monetary policy committee (MPC) will be picked. I am sure they will internalise the frameworks and institutions that have been set up, and should produce a low-inflation future for us,” Rajan said.

     The government has taken the ‘momentous step’ of both setting a consumer price index-based inflation objective for the Reserve Bank as well as setting up an independent monetary policy committee (MPC), he said. Rajan Saturday said would not accept a second term of governorship. While delivering the foundation day lecture on ‘Fight against inflation: A measure of our institutional development’ at the Tata Institute of Fundamental Research here, Rajan called for institutionalising the yet-to-be constituted MPC so that “we build the institutions necessary to secure a low inflation future, especially because we seem to be making headway.”

          Describing the MPC as a truly revolutionary step, he said we got used to decades of moderate to high inflation, leading to industrialists and governments paying negative real interest rates and the burden of the hidden inflation tax falling on the middle class saver and the poor. “With the MPC, which is truly revolutionary, we are abandoning the ways of the past that benefited the few at the expense of the many. As we move towards embedding institutions that result in sustained low inflation and positive real interest rates, this requires all constituencies to make adjustments” he said. Warning that a move to a sustained low-inflationary regime demands a lot of  difficult and painful adjustments in the short run, he said the rewards, however, are be many such as cheaper money for individuals and corporations as well as for the government. Noting that the past three years of inflation fighting has created a stable macro-environment, Rajan, who took over when the rupee was falling like nine pins and Balance of Payments was on a precarious position, said a “stable rupee has given investors confidence in our monetary policy goals, and this stability will only improve as we meet our inflation goals.”

          Urging the government and the new governor to stay the course, Rajan said going forward, the present stability “will ensure that foreign capital inflows will be more reliable and increase in the longer maturity buckets, including in rupee investments, which will expand the pool of capital available for our banks and corporations. Listing the long-term benefits of a low-inflationary economy, the governor, who will demit office at the end of his three-year tenure on September 4, said a stable rupee can increase investors’ confidence in our monetary policy goals; foreign capital inflows will be more reliable and increase in the longer maturity buckets, including in rupee investments.

ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Aishwarya Ranjan Mohanty

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Sarmistha Nayak

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019

Archives

Editorial

Behold Gen Z

GenZ
October 22, 2025

A new wave of political movements without any so-called ideological underpinning except for deafeningly noisy demands for basic citizens' needs...

Read moreDetails

Trumpian Dilemma

October 20, 2025

After showing admirable and decisive toughness in defusing the crisis in the Middle East, US President Donald Trump has been...

Read moreDetails

Empty Ambition

Rights & Restrictions: AAKAR PATEL
October 19, 2025

When was the last time you read or saw something about India and the G20? And what do you recall...

Read moreDetails

Market Power

Power of Continuity
October 18, 2025

The power corridors are abuzz again, but not over taxes or budgets this time. Eyeballs are fixed on who’ll get...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST