RBI Monetary Policy Committee updates: Governor announces host of measures to boost forex inflow and reserves
Distilled Policy Brief
- The Reserve Bank of India (RBI) Monetary Policy Committee has decided to reduce the policy repo rate by 50 basis points to 4.90 percent, and the reverse repo rate by 40 basis points to 4.10 percent.
- The RBI will purchase government securities worth Rs 1,28,000 crore and will continue to buy bonds of up to Rs 60,000 crore in the second phase of the G-sec acquisition program.
- The monetary policy decision will be effective immediately, and the RBI will closely monitor the impact of these measures on the foreign exchange market and will conduct a review of the policy in two weeks.
🎯 UPSC Prelims Practice Drill
With reference to the bilateral research and industrial cooperation engagements between India and Germany, consider the following statements: 1. Roundtables held with German research organizations, such as the Fraunhofer Institutes, prioritized key fields including microelectronics, power electronics, and smart manufacturing. 2. Expanding industry-academia innovation networks and collaboration in battery technologies form key components of the enhanced strategic cooperation. Which of the statements given above is/are correct?
- [A] 1 only
- [B] 2 only
- [C] Both 1 and 2
- [D] Neither 1 nor 2
▶ Reveal Official Answer & Analytical Explanation
Both statements are correct. High-level roundtables with German research institutes, including Fraunhofer Institutes, focused on microelectronics, power electronics, smart manufacturing, battery technologies, and logistics. Furthermore, the engagement emphasized strengthening industry-academia innovation networks, science and technology cooperation, and advanced manufacturing capabilities between India and Germany.
🏛️ Historical Twin PYQ Anchor (2021)
Consider the following statements regarding the "National Clean Air Programme (NCAP)": 1. It is implemented by the Ministry of Environment, Forest and Climate Change. 2. Central Pollution Control Board acts as the sole regulatory executive body.