Upcoming Events
Fiscal Policy Roadmap Seminar
on 17-May-2019
Future Events
31-May-2019
Fourth EGROW Shadow MPC Meeting
21-Jun-2019
Financial sector Roadmap Seminar
01-Aug-2019
Fifth EGROW Shadow MPC Meeting
26-Sep-2019
Sixth EGROW Shadow MPC Meeting
29-Oct-2019
Talk by Prakash Loungani, Assistant Director, IMF, Washington DC
28-Nov-2019
Seventh EGROW Shadow MPC Meeting
20-Dec-2019
Talk by Romain Wacziarg, Professor of Economics, Hans Hufschmid Chair in Management, UCLA
30-Jan-2020
Eight EGROW Shadow MPC Meeting
Recent Events
Highlights
RBI cannot ignore unemployment, must cut interest rates at monetary policy review
Dr. Arvind Virmani's interview with Chennai 36, IIT Madras
Third EGROW SMPC Meet on April 2, 2019
Key recommendations:-
- Shift in Policy stance from Neutral to “Accommodative”.
- In Indian financial market conditions, long term liquidity is important and should be adequately ensured.
- Rate cut, preferably by 50 bp; and certainly not less than 25 bp immediately, with 25 bp later.
- Reduction in SLR.
Key takeaways
Research
Input from experts on 3rd Shadow Monetary Policy Committee held in April 2019
Nripendra Narayan SarmaNaliniprava TripathyS.J.S. SwamidossMeenakshi RajeevCredit led consumerism will not improve quality of life … Nripendra Narayan Sarma … Consumption demand and personal consumer loans are on the rise, which is likely to fuel economic growth. The economy of the North-East India is highly driven by consumer demand. Consumption at the lower strata of the society is an indicator of growth. Allocation of government budget on developmental schemes and…
Talking Financial Inclusion in Liberalised India - Book Review
Charan SinghTalking Financial Inclusion in Liberalised India – Conversations with Governors of Reserve Bank of India … Edited by M.S. Sriram, Routledge, Oxon, U.K. Pp.xviii+229. Rs. 795.00 … The book explores the changing landscape for financial inclusion over the years for reforms and liberalisation, and is a collection of interviews conducted by Prof. M S Sriram with Governors from the Reserve Bank of…
Input from experts on Shadow Monetary Policy Committee on December 2018
Naliniprava TripathyS.J.S. SwamidossNripendra Narayan SarmaR. R. SharmaManoranjan SharmaProf. Nalini Prava Tripathi, IIM Shillong … I feel the interest rates should remain at the existent levels or should go down by 25 basis points, to ease the liquidity crunch pervasive in the country and in the finance sector particularly. Monetary Policy as it is known, determines the outlook of the lending and borrowing rates. Major considerations are given to the macroeconomic factors…
Relevance of Guru Nanak Dev after 550 years
Charan SinghI must thank Prof. Jaspal Singh Sandhu, Vice-Chancellor, Guru Nanak Dev University for inviting me to deliver this lecture. I am honored by this invitation. I am also humbled because I am a product of this University named after Guru Nanak Dev ji, and many of you as Professors have been my teachers. I have learnt many things in the hallowed and famed halls in this campus, and at your feet. At the…
Board of Directors
Arvind Virmani
Chairman
Charan Singh
Chief Executive
Ashok Vishandass
Director
Rattan Chand
Director
Mohinder Pal Singh
Director
