civilstrategy

1. CIVILS STRATEGY WELCOME TO CIVILS STRATEGY.COM Civils strategy invokes the various plans and strategies for the preparation and examination for civil examinations. There are large number of candidates apply for the examination but very few aspirants can only clear that. For most aspirants, a complete training and orientation program, through one of the two available methods of online or classroom installation, becomes essential to have the opportunity to successfully navigate the prerequisites to access the IAS program. The Civils strategy focuses primarily on the aspirants to provide strategies for qualifying the UPSC exam. With the tricks of these strategies, aspirants improve their career success. As a civils strategies, it aspires to become the reference repository and all-inclusive guide for complete and complete information for aspirants hoping to successfully enter civil services. RBI keeps repo rate unchanged: •The Reserve Bank of India Monetary Policy Committee (MPC) announced that it would not cut the repo rate (currently 5.15%) in the latest monetary policy revision for the current calendar year. •The repayment rate is the rate at which the Indian central bank lends money to the banking system. It is also the rate at which all new loans in the economy are compared.

2. CIVILS STRATEGY •A reduction in the repo rate would signal a further reduction in the interest rate for new borrowers – in the hope of availing loans for houses and cars, etc. – which will be charged by the banking system. •Most economists and bankers expected the RBI to cut the repo rate in an attempt to stimulate India’s strong economic growth. •In the first five bi-monthly revisions of 2020, the RBI had reduced the repo rate by 135 basis points, but only about 44 BP were transferred to consumers of new loans. The RBI believes that with more time, monetary transmission will deepen. •RBI also pointed out that there is money on the market if one wants to borrow but the credit has been weak and is unlikely to be better than another rate cut. •When it comes to monetary policy, the most important mandate of the RBI is to maintain price stability. •With rising inflation, the RBI is concerned that a further reduction in the repo rate would further fuel inflation. •On 5th December, the central bank on its latest monitory bills announced that repo rates and reverse repo rates are unchanged. Shaktikanta das RBI governor announced that the central bank is no hurry to reduce interest rates. •The repo rate currently stands at 5.15 per cent and the repurchase agreement rate reverses to 4.90 per cent. •For more info: http://www.civilsstrategy.com/