RBI Bulletin - April 2021 - ஆர்பிஐ - Reserve Bank of India
RBI Bulletin - April 2021
The Reserve Bank of India today released the April 2021 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement, 2021-22, Resolution of the Monetary Policy Committee (MPC) April 5-7, 2021, Monetary Policy Report – April 2021, one Speech, four Articles and Current Statistics. The four articles are: I. State of the Economy; II. ARCs in India: A Study of their Business Operations and Role in NPA Resolution; III. The Relationship between Capacity Utilisation and Inflation: A Study of Indian Manufacturing Sector; and IV. Retail Payment Habits in India - Evidence from a Pilot Survey. I. State of the Economy As India battles the ferocious rise of new infections, a strong policy response is building. Economic activity in India is holding up against COVID -19’s renewed onslaught. Apart from contact-intensive sectors, activity indicators largely remained resilient in March and grew beyond pre-pandemic levels. The resurgence in COVID-19, if not contained in time, risks protracted restrictions and disruptions in supply chains with consequent inflationary pressures. Pandemic protocols, speedier vaccination, ramping up hospital and ancillary capacity, and remaining resolutely focused on a post pandemic future of strong and sustainable growth with macroeconomic and financial stability is the way forward. II. ARCs in India: A Study of their Business Operations and Role in NPA Resolution Asset reconstruction companies (ARCs) are important players in the asset resolution mechanism in India. Unlike many other countries that experimented with a public sector model of asset management companies marked by their existence for a pre-defined period following banking crises or crises-like situations, India introduced ARCs as private sector institutions as part of its ongoing financial sector reforms. Highlights:
III. The Relationship between Capacity Utilisation and Inflation: A Study of Indian Manufacturing Sector This article attempts to assess the efficacy of the capacity utilisation (CU) in the manufacturing sector in predicting inflation path. Highlights:
IV. Retail Payment Habits in India - Evidence from a Pilot Survey The article presents the results of a pilot survey on retail payment habits of individuals in six cities between December 2018 and January 2019 with a focus on the awareness and usage of digital payments. Highlights:
From the next issue onwards, the RBI’s monthly Bulletin will be released around the 15th of every month. (Yogesh Dayal) Press Release: 2021-2022/112 |