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Repo rate, reverse repo rate remain unchanged amid Omicron threat

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2 years ago

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Repo rate, reverse repo rate remain unchanged amid Omicron threat

The Governor of the Reserve Bank of India Shakti Kantadas said after the meeting that the Reserve Bank of India maintained its repo rate and reverse repo rate unchanged at the bimonthly policy review meeting on Wednesday. Das added that India is better prepared to fight the pandemic, and in several sectors, output before the pandemic has exceeded, and there is little demand for external financing. However, due to the emergence of a new Covid variant Omicron in some countries, and other reasons, policy support is needed.

As the central bank decides to maintain its easing stance, the repo rate will remain at 4% and the reverse repo rate will remain at 3.35%. MSF also remains unchanged. A 5:1 majority vote supports RBI’s relaxed position.

“The recovery interrupted by the second wave of pandemics is gaining traction, but it is not strong enough to be self-sustaining and durable. This underscores the importance of continued policy support,” the governor said.

The last time the Reserve Bank of India changed these key lending rates was in May 2020. When the Reserve Bank of India last changed its policy interest rate, India’s GDP fell by 24.4%. Seeing the recovery, the economy grew by 20.1% in the April-June 2021 quarter. In the July-September quarter of 2021, GDP grew by 8.4%, while it contracted by 7.4% in the same period last year. As the central and local governments cut fuel taxes, the inflation rate has been within RBI’s 2-6% target range. However, the damage to food crops caused by heavy rains and rising prices in the telecommunications industry may once again push up inflation.

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Consumer prices rose by 4.48% year-on-year in October, up from 4.35% in September. The new Covid-19 strain Omicron, first discovered by South African scientists, is seen as the next potential uncertainty factor in the Indian economy. This variant was first reported from South Africa and has been listed as a variant of concern by the World Health Organization. It spread rapidly in India, and Omicron cases have been reported in Delhi, Maharashtra, Karnataka, Rajasthan, and Gujarat.

News Source : Hindustan Times

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Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

Published

9 months ago

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August 9, 2023

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10 best activities hacks for the better lifestyle for Business Managers.

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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