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Rbi Mpc Meet Begins Today Key Policy Announcements On Friday – Mpc: Rbi meeting starts today, will you get the gift of cheap loan this time?

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Business Desk, Press24 News, New Delhi

Published by: Dimple Aladhi
Updated Wed, 06 Oct 2021 04:08 PM IST

Summary

The decision of the RBI’s Monetary Policy Committee meeting, which began today, will be revealed on October 8. The central bank may maintain the policy interest rate at the current level in the bi-monthly review amid fears of a third wave of Corona.

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The meeting of the Monetary Policy Committee (MPC) chaired by Reserve Bank of India (RBI) Governor Shaktikanta Das has started from today and its results will be announced on October 8. The monetary policy committee of the central bank meets every two months. In this meeting, the reforms in the economy are discussed as well as interest rates are decided. Experts believe that amid fears of a third wave of Kovid-19 and rising inflation, the central may maintain the policy interest rate at the current level in the bi-monthly review to be announced on Friday.

Experts claim – pressure on the central bank to keep inflation under control
Morgan Stanley says that while keeping the interest rates unchanged, the RBI will continue its soft stance in the upcoming meeting. In the current financial year, consumer price index based inflation will be around five percent. SBI Chairman Dinesh Khara had recently predicted the interest rates to remain unchanged.

Interest rates are expected to remain stable for the eighth time in a row
The six-member Monetary Policy Committee headed by Central Bank Governor Shaktikanta Das decides on policy rates. In the last meeting held on August 8, the central bank had retained the repo rate for the seventh time in a row at four per cent. That is, customers did not get relief on EMI or loan interest rates. The marginal standing facility (MSF) rate is also stable at 4.25 per cent. The reverse repo rate was also kept constant at 3.35 per cent. Along with this, it was decided not to make any change in the bank rate. It is at 4.25 per cent.

On the other hand, Deloitte India economist Rumki Majumdar said the RBI is under pressure to change its stance as inflation is rising due to monetary policy in some industrialized countries.

Expansion

The meeting of the Monetary Policy Committee (MPC) chaired by Reserve Bank of India (RBI) Governor Shaktikanta Das has started from today and its results will be announced on October 8. The monetary policy committee of the central bank meets every two months. In this meeting, the reforms in the economy are discussed as well as interest rates are decided. Experts believe that amid fears of a third wave of Kovid-19 and rising inflation, the central may maintain the policy interest rate at the current level in the bi-monthly review to be announced on Friday.

Experts claim – pressure on the central bank to keep inflation under control

Morgan Stanley says that while keeping the interest rates unchanged, the RBI will continue its soft stance in the upcoming meeting. In the current financial year, consumer price index based inflation will be around five percent. SBI Chairman Dinesh Khara had recently predicted the interest rates to remain unchanged.

Interest rates are expected to remain stable for the eighth time in a row

The six-member Monetary Policy Committee headed by Central Bank Governor Shaktikanta Das decides on policy rates. In the last meeting held on August 8, the central bank had retained the repo rate for the seventh time in a row at four per cent. That is, customers did not get relief on EMI or loan interest rates. The marginal standing facility (MSF) rate is also stable at 4.25 per cent. The reverse repo rate was also kept constant at 3.35 per cent. Along with this, it was decided not to make any change in the bank rate. It is at 4.25 per cent.

On the other hand, Deloitte India economist Rumki Majumdar said the RBI is under pressure to change its stance as inflation is rising due to monetary policy in some industrialized countries.

Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.

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When did Pakistan hold talks with extremist groups and what was the result?

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  • Farhat Javed
  • PRESS24 NEWS Urdu, Islamabad

image source, Getty Images

image caption,

In April 2004 a volatile agreement was reached between Nek Muhammad and the government in South Waziristan.

Pakistan Prime Minister Imran Khan recently told Turkey’s TRT News that Pakistan is in talks with various groups of the banned extremist organization Tehreek-e-Taliban Pakistan (TTP). Pakistani military officials have also confirmed this conversation.

According to sources, a TTP delegation recently met the Afghan Taliban in Afghanistan after getting the green signal from the Pakistani government.

A senior military official said on condition of anonymity that a general pardon with the TTP would be conditional.

According to some sources, there are some names associated with TTP which the army does not want to forgive and a list of those names is being prepared which will not be part of any such ‘amnesty’ scheme.

Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.

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sugar to ethanol: Blending Ethanol With Petrol: Government wants to mix 20 percent ethanol in petrol

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New Delhi
Sugar Price: The Modi government last Friday announced an incentive policy to encourage sugar mills to use sugarcane for making ethanol. Experts fear that after this move of the government, the price of sugar in the country may increase. If this happens then sugar can be removed from the plate of poor people this festive season. The government has prepared a time bound plan for mixing ethanol in petrol and is giving incentives to sugar makers accordingly.

Also read: India is heading towards severe power shortage, even after the festive season, there may be a power crisis for six months

How much ethanol production?
By crushing 100 kg of sugarcane, 60 liters of ethanol is obtained. Thus, from one ton of sugarcane, sugar mills can produce 115 kg of sugar and 45 kg of molasses, which gives 10.8 liters of ethanol. Ethanol is a type of alcohol of more than 99 percent purity, which is being mixed with petrol. To meet the government’s target of 20 per cent blending of ethanol, the ethanol storage capacity of Chinese companies would need to be increased to three times from the current level of about 300 crore liters.

regular quota of sugar mill
The Modi government, as part of its incentive policy, will be allotted a sugar quota equal to the amount of sugarcane transferred for monthly domestic sales, in addition to their regular quota, to sugar mills transferring sugarcane for ethanol production from this month. In order to maintain the demand-supply position of sugar in the country, stabilize the pre-mill prices of sugar and ensure adequate availability for domestic consumption, the government is fixing mill-wise monthly sugar quotas from June 2018.

The target of mixing ethanol in petrol
The Government of India is aiming to mix 20% ethanol in petrol by the year 2025 and accordingly companies are being encouraged to increase its production. Prime Minister Narendra Modi had said in June this year that earlier the government had made this plan of 20 percent ethanol blending by 2030 but it has been shifted further to 2025. The government has identified 11 sectors that can use their resources to recycle it using modern technology.

Promotion of making ethanol from sugar
“Incentive on sugar used for production of ethanol from ‘B-heavy molasses’/sugarcane juice/sugar syrup/sugar has been doubled in their monthly release quota from October 2021,” the Union Food Ministry said in a statement. This has been done to encourage sugar mills to use excess sugarcane/sugar for ethanol production and to achieve the target of blending ethanol with petrol in line with ‘Petrol with Ethanol Blending Programme’.

Also read: During the Corona crisis, expensive phones, car sales doubled, who are these people who are wasting money

What are the other benefits including LIC Saral Pension Plan, lifetime pension

Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.

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Lakhimpur Kheri Violence: Pro Khalistan Group Sikh For Justice Announced Use Drones Tractor To Siege Cm Yogi On October 9

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Summary

On October 9, programs of many big leaders are scheduled in ‘Lucknow’. These include the rally of BSP chief Mayawati. Apart from this, Congress General Secretary Priyanka Gandhi can also start her political campaign from Lucknow.

Sikhs for Justice: Gurpatwant Singh Pannu
– Photo : Press24 News

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Efforts are being made to repeat the ruckus in ‘Lakhimpur Kheri’. This time the target is not the Union Minister or the Minister of State, but Uttar Pradesh Chief Minister Yogi Adityanath. With the kind of inputs being received, October 9 may prove to be a risky day for ‘Yogi’. Central security agencies and state police have become conscious about the security of the Chief Minister. Some changes are being made regarding the Chief Minister’s security circle and route. Gurpatwant Singh Pannu, the founder and legal advisor of Sikh for Justice, a terrorist inciting people to sabotage the farmers’ movement, is once again in the news. This time he has talked about creating a ruckus like Lakhimpur Kheri in ‘Lucknow’ on October 9. Pannu has sent a message to the farmers asking them to surround the Chief Minister ‘Yogi’ with the help of drones, tractors and other vehicles. Pannu asked the families of the farmers killed in Lakhimpur Kheri to return the compensation amount given by the Uttar Pradesh government. He will provide them double the amount.

On October 9, programs of many big leaders are scheduled in ‘Lucknow’. These include the rally of BSP chief Mayawati. Apart from this, Congress General Secretary Priyanka Gandhi can also start her political campaign from Lucknow. Gurpatwant Singh Pannu has been sending such messages for the past several days. He has also sent similar messages to journalists. In these it has been said that apart from Punjab, farmers from other states of the country should assemble. Farmers have been killed in Lakhimpur Kheri. On October 9, all the farmers should unite and surround Chief Minister Yogi in Lucknow. For this, Pannu has appealed to the farmers to use drones to surround Yogi. Surround the Chief Minister with the help of tractors and other vehicles.

These messages are coming from America, Britain and Canada

Gurpatwant Singh Pannu, who started the ‘Khalistan’ movement through Sikh for Justice sitting abroad, says that the families of the farmers who were killed in Lakhimpur Kheri, should not take any help from the Yogi government. The state government had announced after this incident that it would give Rs 45-45 lakh to the next of kin of the farmers killed. Pannu said in his message, the victim’s family should not take this amount. He will be provided double the amount from Sikh for Justice. Security agencies have taken this message seriously. Such messages are coming from the US, UK and Canada. Pannu had sought the name, address and details of the incident of farmers who were injured during the Red Fort riots on Republic Day this year and those who lost their lives at different stages of the agitation. Pannu had said that he would take the issue to the United Nations.

He will tell the world that farmers are being harassed in India. The government is deliberately not withdrawing the anti-farmer agriculture laws. Farmers are being forced to leave the fields and sit on the road.

The Union Home Ministry has included Pannu in the list of terrorists. NIA has attached properties of Pannu in Punjab. Pannu is no longer a citizen of India, due to which the investigating agencies are unable to take action against him. A senior NIA officer says, at present, Pannu is not a citizen of India. Because of this the investigating agencies are not able to take action against him. There is such freedom from where Pannu makes phone calls. There such things come under the ambit of freedom of expression. If the police there take action against him, then he will come under the category of human rights violation. According to an NIA official, it is very difficult to bring Gurpatwant Singh Pannu to India. The laws there do not give such exemption. Terrorist Gurpatwant Singh has foreign citizenship. This has become the biggest obstacle in the action against him. Apart from the NIA investigation, there are several cases registered against Pannu in Punjab and Haryana.

Expansion

Efforts are being made to repeat the ruckus in ‘Lakhimpur Kheri’. This time the target is not the Union Minister or the Minister of State, but Uttar Pradesh Chief Minister Yogi Adityanath. With the kind of inputs being received, October 9 may prove to be a risky day for ‘Yogi’. Central security agencies and state police have become conscious about the security of the Chief Minister. Some changes are being made regarding the Chief Minister’s security circle and route. Gurpatwant Singh Pannu, the founder and legal advisor of Sikh for Justice, a terrorist inciting people to sabotage the farmers’ movement, is once again in the news. This time he has talked about creating a ruckus like Lakhimpur Kheri in ‘Lucknow’ on October 9. Pannu has sent a message to the farmers asking them to surround the Chief Minister ‘Yogi’ with the help of drones, tractors and other vehicles. Pannu asked the families of the farmers killed in Lakhimpur Kheri to return the compensation amount given by the Uttar Pradesh government. He will provide them double the amount.

On October 9, programs of many big leaders are scheduled in ‘Lucknow’. These include the rally of BSP chief Mayawati. Apart from this, Congress General Secretary Priyanka Gandhi can also start her political campaign from Lucknow. Gurpatwant Singh Pannu has been sending such messages for the past several days. He has also sent similar messages to journalists. In these it has been said that apart from Punjab, farmers from other states of the country should assemble. Farmers have been killed in Lakhimpur Kheri. On October 9, all the farmers should unite and surround Chief Minister Yogi in Lucknow. For this, Pannu has appealed to the farmers to use drones to surround Yogi. Surround the Chief Minister with the help of tractors and other vehicles.

Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.

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