New Delhi, Apr 7: Following are the highlights of RBI's monetary policy for 2021-22:

  • RBI keeps policy rate unchanged for fifth time in a row; repo at 4 pc
  • Economic growth projection for current fiscal retained at 10.5 pc
  • RBI to maintain accommodative monetary policy stance to support growth, keep inflation at targeted level
  • Says recent surge in COVID-19 infections has created uncertainty over economic recovery, focus be on containing virus spread
  • Projects 26.2 pc and 8.3 pc growth in June and September quarters; 5.4 pc and 6.2 pc in December and March quarters respectively
  • Retail inflation projection revised to 5 pc in March quarter 2020-21
  • Projects retail inflation at 5.2 pc in June and September quarters
  • Gains from inflation targeting framework of 4 pc (+/- 2 pc) since 2016 reinforced by the retention of the target and the tolerance band by the government for next five years
  • To ensure ample liquidity in system so that productive sectors get adequate credit
  • Rs 50,000 crore additional liquidity facility to NABARD, NHB and SIDBI for fresh lending
  • Will continue to do whatever it takes to preserve stability and to insulate financial firms from global spillovers
  • Enhances maximum balance limit at end of the day from Rs 1 lakh to Rs 2 lakh per individual customers of payments banks
  • To set up a committee for comprehensive review of the working of Asset Reconstruction Companies (ARCs).

Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.



Bengaluru, Apr 20: Karnataka has reported its biggest single day spike of 21,794 COVID-19 cases and 149 related fatalities, taking the total caseload 11.98 lakh and the toll to 13,646, the Health department said on Tuesday.

The state had previously reported its biggest single day spike of 19,067 cases on Sunday.

Out of the 21,794 fresh cases reported on Tuesday, 13,782 were from Bengaluru Urban alone.

The day also saw 4,571 patients getting discharged after recovery.

Cumulatively 11,98,644 COVID-19 positive cases have been confirmed in the state, which includes 13,646 deaths and 10,25,821 discharges,the Health department said in a bulletin.

Out of 1,59,158 active cases, 1,58,407 patients are stable and in isolation at designated hospitals, while 751 are in Intensive Care Units.

Among 149 deaths reported on Tuesday, 92 were from Bengaluru Urban, Bengaluru Rural (13), Bidar and Kalaburagi (7), Ballari (5), followed by others.

Among the districts where the new cases were reported, Bengaluru Urban accounted for 13,782, Tumakuru 1,055, Kalaburagi 818, Mysuru 699, Bengaluru Rural 513, Dakshina Kannada 482, followed by others.

Bengaluru Urban district topped the list of positive cases, with a total of 5,70,035, followed by Mysuru 63,018 and Ballari 42,745.

Among discharges too, Bengaluru Urban was on top with 4,49,889, followed by Mysuru 57,745 and Ballari 39,829.

A total of over 2,38,64,354 samples have been tested so far, out of which 1,47,488 were done on Tuesday alone.

To view today's health bulletin: CLICK HERE