Business
RBI keeps repo rate unchanged at 4%, maintains ‘accommodative’ stance
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday kept the repo rate unchanged at 4% and the reverse repo rate at 3.35%, even during the second wave of coronavirus disease (Covid-19) After the wave, the economy showed signs of recovery.
The Governor of the Reserve Bank of India, Shaktikanta Das, announced the October bimonthly monetary policy statement at 10 am on this day, saying: “As long as it is necessary to restore and maintain growth and mitigate the impact of the Covid-19 pandemic , While ensuring inflation, the monetary policy stance will remain accommodative. Stay within the target range.”
This is the eighth consecutive time that MPC, led by Shaktikanta Das, Governor of the Reserve Bank of India, has maintained the status quo. The Reserve Bank of India last revised its policy repo rate or short-term loan rate on May 22, 2020, in a non-policy cycle to boost demand by reducing interest rates to historical lows. Last Friday, the Reserve Bank of India also maintained its forecast of a real GDP growth rate of 9.5% for the 2021-22 fiscal year.
This includes 7.9% in the second quarter of the 2021-22 fiscal year, 6.8% in the third quarter, and 6.1% in the fourth quarter. The real GDP growth rate in the first quarter of fiscal year 2022-23 is expected to be 17.2%. The Governor of the Reserve Bank of India said at a press conference on Friday: “We have decided to keep the policy repo rate unchanged at 4%. The reverse repo rate remains at 3.35%.” He said that India’s economic recovery is gaining traction, adding that its situation is better than the prospects of the last MPC meeting.
“The growth momentum is strengthening and the inflation trajectory is more favorable than expected,” said Shaktikanta Das, Governor of the Reserve Bank of India. “Because the economic fundamentals of our economy are resilient, we hope to move towards a normal period.” The consumer price index (CPI) inflation rate for fiscal year 2022 is expected to be 5.3%, while the CPI inflation rate for the first quarter of fiscal year 2022-23 is expected to be 5.2%. With rising fuel prices, the retail inflation rate in August was 5.3%.
News Source : Hindustan Times
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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