Warrier's Collage on Sunday February 11, 2024

Welcome To Warrier's COLLAGE On Sunday, February 11, 2024 Friends Good Morning Happy Birthday to all readers having Birthday during the period February 11 to 17, 2024. Best Wishes 🙏 Nice Day M G Warrier A Collage Cover Story : RBI Monetary Policy I Monetary Policy Announcement on February 7, 2024 https://m.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=57277 Excerpts : "The Monetary Policy Committee (MPC) met on 6th, 7th and 8th February, 2024. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, it decided by a 5 to 1 majority to keep the policy repo rate unchanged at 6.50 per cent. Consequently, the standing deposit facility (SDF) rate remains at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided by a majority of 5 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target, while supporting growth." Press Report : https://www.livemint.com/economy/rbi-mpc-meeting-2024-live-monetary-policy-committee-review-shaktikanta-das-india-economy-repo-rate-interest-rate-11707331135103.html II Media Response February 7, 2024 Monetary Policy* This refers to the article "Budget pre-empts monetary policy" (The Hindu Business Line, February 7, 2024). The growing harmony between fiscal and monetary policies in recent years, to be specific since 2019, has been interwoven in the well-researched piece by Mridul Saggar. We are into an era when Monetary Policy will have no independent relevance as its dependence on fiscal policy support is growing. Post-pandemic, there were times when the central bank really worried about the inflation target prescriptions. At this stage, one expects the Centre to come forward with at least expression of intentions to manage resources outside the budget like domestic gold stock productively which can change the nation's image in the eyes of global rating agencies. M G Warrier Mumbai *Published on February 8, 2024 B Collage Spirituality Kathopanishad https://www.sivanandaonline.org/?cmd=displaysection§ion_id=582 Excerpts : Ultimate Knowledge "Nachiketas, having acquired this knowledge imparted by Yama, and also the whole teaching about Yoga, attained Brahman, having become free from all impurities and from death. Thus it will be with others also who thus know the nature of Brahman." C Collage Tips : Key to Success https://www.speakingtree.in/blog/the-key-to-success-867023 Excerpts : Meditation provides a way to perfect our ability to stay focused so we can find the inner treasures. Through meditation, we perfect our ability to increase our concentration. We learn patience and perseverance. These two qualities help us progress spiritually within and will also help us achieve success in the outer world. It takes practice. We will not achieve our goal if we give up. We must never give up. D Collage is listening : Budgets should do more to reduce inequalities Mainstream Weekly February 9, 2024 https://mainstreamweekly.net/article14291.html E Collage Books : M G Warrier Notion Press : Author Page https://notionpress.com/author/m_g_warrier F Current Affairs : White & Black Papers Media Response The Economic Times Chat Room February 9, 2024 Role of Opposition* This refers to the reports "Centre Tears into UPA Over 'Economic Mismanagement' and "Cong Black Paper says 'Economy Devastated' Under BJP-led NDA"(February 9). While the White Paper on the progress of Indian Economy during the decade of NDA regime relied on facts and figures, the UPA Black Paper is more of a political presentation, perhaps addressing the people outside the house. Unfortunately, our "Opposition" in legislative houses since independence, irrespective of political denominations have taken on themselves the responsibility of "blindly opposing" the government of the day. With growing numerical strength on the opposition benches, we expect a responsible and participative role for opposition, as the responsibility for governance keeps shifting between different permutations and combinations of political parties. In the present case, if the intention of the opposition was to counter the data used by the government, those who put together the "Black Paper" could have relied on the RBI Website and come out with a fact-based presentation. M G WARRIER Mumbai *Not published

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