Economists urge RBI to cut interest rates as global markets decline ahead of April 9 policy decision
New Delhi: With global markets witnessing a sharp downturn, several economists have called on the Reserve Bank of India (RBI) to consider cutting interest rates in its upcoming monetary policy meeting scheduled for April 9.
In an interaction with ANI, experts highlighted that current global and domestic economic trends present an opportune moment for the central bank to take bold measures to support growth.
Debopam Chaudhuri, Chief Economist at Piramal Group, suggested that the RBI should front-load rate cuts. “A 50-basis-point cut in April can be a good pre-emptive move. Domestic inflation is low, global yields are declining, and the rupee has regained some ground against the dollar. These trends offer a strong case for aggressive rate cuts,” he said.
However, not all economists are in favour of such a sharp cut. Sonal Badhan, Economics Specialist at Bank of Baroda, advocated a more cautious approach. “We expect a 25-basis-point rate cut, as the RBI will wait for greater clarity on the monsoon. That said, the policy stance is likely to shift to ‘accommodative’, which could pave the way for additional cuts based on macroeconomic developments,” she noted.
Globally, central banks are facing increasing pressure due to economic uncertainties, intensified by recent tariff announcements from U.S. President Donald Trump. These protectionist moves have raised concerns about their impact on global trade and inflation control.
The RBI’s monetary policy committee began its meeting on Monday in Mumbai. The final decision on policy rates will be announced on April 9.
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Inappropriate for MLAs seeking free IPL tickets, says D.K. Suresh
Bengaluru: Bengaluru Milk Union Ltd President D.K. Suresh on Monday said it is inappropriate for MLAs to seek free IPL tickets, adding that those interested in watching matches should pay for them personally.
Speaking to reporters near his residence in Sadashivanagar, he said, “IPL is a commercial tournament and does not represent the country. It is not right for public representatives to focus too much on such matters.”
Referring to the recent controversy during the RCB celebrations, he said, “let us find out who benefited the most from the statements made during the incident.” He also pointed out that BJP MLAs had received IPL tickets as well.
Responding to discussions about relocating the Chinnaswamy Stadium, Suresh said the government has already approved the construction of a new stadium at a location he had proposed.
“I had suggested building a stadium in Surya City and submitted a proposal for it. Bengaluru needs four stadiums in four directions to cater to its growing population and encourage youth participation in sports,” he said.
He noted that apart from Kanteerava Stadium, KSCA, and the Football Stadium, there are limited facilities in the city.
“When I was a Lok Sabha member, I had proposed allocating 100 acres in my constituency at Surya City. The land was later earmarked and the plan approved,” he added.
Suresh said he has discussed the project with Minister Zameer Ahmed Khan, Rajiv Gandhi Housing Corporation Chairman Shivalingegowda, and Anekal MLA Shivanna.
“The Cabinet has now approved the project, and a stadium will be developed on around 50–60 acres,” he said.
He further added that he has requested the Deputy Chief Minister to build another stadium at Shivarama Karanth Layout through the BDA, where 40 acres have been allocated. Plans are also being discussed to develop a well-equipped stadium in Bidadi.
Commending state government's recent bilingual policy move, Suresh said forcing children to learn three languages could affect their comprehension.
“It is a good decision to make two languages compulsory. Learning a third language should be left to the choice of students and parents,” he said.
Responding to criticism from BJP leaders, he said their tendency is to oppose every decision of the government.
“To please their central leadership, they take a pro-Hindi stance. Instead, they should advocate for the adoption of Kannada in all states,” he said.
When asked about the earlier three-language policy under Congress, he said, “the situation is different now. Today, the focus should be on quality learning. Kannada should remain the primary language, while students and parents can choose an additional language.”
