Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

RBI Might Slightly Cut Interest Rate, Says Kaushik Basu

The RBI's monetary policy review is slated in February.

PTI

Updated:January 14, 2019, 10:39 PM IST
facebookTwitter Pocket whatsapp
RBI Might Slightly Cut Interest Rate, Says  Kaushik Basu
File photo of former Chief Economic Adviser Kaushik Basu (Image: REUTERS)

Kolkata: Former chief economic advisor Kaushik Basu on Monday said the Reserve Bank of India (RBI) could "slightly" reduce interest rate to boost growth.

"NPAs have made the banks cautious. But, India can do with slightly lower rate of interest," Basu said at an interactive session organised by the Indian Chamber of Commerce here.

The central bank should be left alone with complete autonomy, he added.

The RBI's monetary policy review is slated in February.

Basu also said that the investment rate in India was on the decline.

Talking about the GST, he said it was borrowed from advanced countries and "poorly implemented", and demonetisation was a "bad idea".

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Yes Bank 45.35 5.96
TCS 2,020.90 -1.03
Indiabulls Hsg 291.25 8.53
Ujjivan Small 55.95 51.22
SBI 321.85 2.89
Company Price Change %Gain
Infosys 701.85 -2.63
Yes Bank 45.35 5.96
Reliance 1,567.50 0.31
Ujjivan Small 55.90 51.08
Indiabulls Hsg 291.55 8.71
Top Gainers
Company Price Change %Gain
Tata Motors 173.35 7.14
Yes Bank 45.35 5.96
Vedanta 144.00 3.97
Tata Steel 418.70 3.24
SBI 321.85 2.89
Company Price Change %Gain
TML-D 70.45 7.23
Tata Motors 173.35 7.17
Yes Bank 45.35 5.96
Vedanta 143.95 3.86
Tata Steel 418.75 3.29
Top Losers
Company Price Change %Gain
Infosys 702.10 -2.63
ONGC 125.90 -1.64
HCL Tech 536.35 -1.37
TCS 2,020.90 -1.03
Bharti Infratel 252.20 -0.94
Company Price Change %Gain
Infosys 701.85 -2.63
ONGC 125.85 -1.68
HCL Tech 536.30 -1.39
TCS 2,016.75 -1.20
Bharti Airtel 438.30 -0.95

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results