:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

HIGHLIGHTS OF RBI'S MONETARY POLICY REVIEW


Following are the highlights of the ‘Mid-Quarter Monetary Policy Review: June 2012’ announced by the Reserve Bank of India today.

*No change in key policy rates
*Inflationary pressure still high
*Higher export refinance limit to release Rs 30,000 crore
*Global economic conditions have deteriorated since April
*Domestic economic situation raises several concerns
*Factors besides high rates more responsible for slowdown
*Rupee slide offset impact of fall in crude oil on inflation
*Sticky inflation points to serious supply bottlenecks
*Oil subsidy crowding out public investment
*Slowing capital flows will have adverse impact on India

Posted by C.B.O.A., A.P.

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