JR VARMA
Real repo rate too high and could hurt growth, said MPC dissenters The two external members of the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) who had pushed for a 25 basis point rate cut at the June 7 meeting, Ashima Goyal and JR Varma, said the real repo rate at 2% was too high and could hurt grow...
22 Jun, 2024, 10.53 AM ISTNo rate cut seen in August either, but enough signs of a shift in stance The minutes of the meeting will be available on June 21. Varma and Goyal have argued that high interest rates might be hindering potential growth. They have previously debated that a high real interest rate—the difference between the actual interest...
08 Jun, 2024, 09.37 AM ISTRBI holds rates amid food inflation fears The Reserve Bank of India (RBI) kept policy interest rates unchanged for the eighth consecutive meeting due to concerns about rising food prices. The central bank raised its economic growth forecast for FY25 to 7.2% from 7%, driven by state investme...
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No rate cut seen in August either, but enough signs of a shift in stance In the normal course of events, the rising dissent in the MPC should have led to more joining the camp of rate cut seekers as data turns benign. Inflation may not have come back to the 4% target, but it's not threatening to soar. For the US, it is a...
08 Jun, 2024, 01.01 AM ISTRBI maintains interest rates amid growing calls for easier money policy The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 2...
07 Jun, 2024, 11.46 AM IST'Elephant in the room' - inflation - has returned to the forest and should stay there, says Governor Das The Reserve Bank of India (RBI) kept the policy interest rate and monetary stance unchanged for the seventh consecutive review meeting, citing uncertainties in food prices and leveraging robust growth prospects. Governor Shaktikanta Das emphasized I...
05 Apr, 2024, 01.22 PM ISTRBI wants to keep inflation vigil, MPC’s external members see room to ease a bit External members of the Monetary Policy Committee suggest reducing policy interest rates due to temporary food shocks and high real interest rates. However, caution is advised as markets are running ahead of policy makers and inflation history sugge...
23 Feb, 2024, 12.43 AM ISTRBI keeps rates unchanged for sixth time in a row Status quo maintained, but monetary stance considered irrelevant. Rates to remain unchanged. MPC interest rate decision voted 5 to 1. Financial markets volatile, with banking shares retreating. Experts believe rate easing odds have lengthened.
12 Feb, 2024, 02.45 PM ISTRBI MPC Meet: J R Varma dissents on both rate and stance decision this time Prof Jayanth R. Varma voted to reduce the policy repo rate by 25 basis points. While other members Shashanka Bhide, Ashima Goyal, Rajiv Ranjan, Michael Debabrata Patra and Shaktikanta Das voted to keep the policy repo rate unchanged at 6.50 per cent.
08 Feb, 2024, 01.44 PM ISTRBI holds rates; monetary stance change, rate cuts must wait The Reserve Bank of India (RBI) has maintained interest rates and monetary stance steady for the sixth consecutive monetary review meeting, amid geopolitical tensions and uncertain food prices. The central bank forecasts the economy will repeat its ...
08 Feb, 2024, 01.41 PM ISTRam Gopal Varma joins Nolan fan club! Director says 'Oppenheimer’ made him feel 'redundant & insipid', fans urge him to make a new film The ‘Rangeela’ director took to Twitter to gush about the director and his latest magnum opus, the period drama ‘Oppenheimer’.
24 Jul, 2023, 05.09 PM ISTMPC minutes: No change in rates but RBI red-flags likely food inflation The central bank has projected inflation measured by the Consumer Price Index (CPI) at 5.1% for FY24, higher than the 4% target it chases. This projection was made assuming a normal monsoon distribution, while the rainy season started off with a def...
23 Jun, 2023, 10.51 AM ISTAbhishek Bachchan reveals what kept him from teaming up with father Amitabh Bachchan The father-son duo will next share screen in Balki's upcoming feature 'Ghoomer'.
26 May, 2023, 05.09 PM ISTReserve Bank of India's rate hike impact on controlling inflation still unclear, MPC Member Varma says "If there is robust economic growth, then we would like to accelerate the (inflation) reduction to 4%. But if the economy is struggling, then a slower pace of adjustment would be appropriate," Monetary Policy Committee (MPC) member J.R. Varma said. ...
02 Sep, 2022, 03.32 PM ISTAryan Khan gets support from Farah Khan Ali & Ram Gopal Varma; producer Atul Kasbekar asks media to apologise Actress Swara Bhasker said that the media channels should be 'prosecuted'.
28 May, 2022, 02.19 PM ISTNot raising reverse repo rate could make the benchmark ‘irrelevant’: Prof JR Varma If the central bank is embarking on the path of rate tightening and liquidity normalization, it should ‘say it openly’ instead of holding the reverse repo rate, says Varma.
25 Feb, 2022, 11.12 PM ISTExternal members seek first steps in interest rate normalisation: MPC minutes Earlier this month the committee voted unanimously to keep its benchmark rates unchanged. Varma however, was the only one who dissented against keeping the accomodative stance 'as long as necessary' arguing that low rates are actually fanning inflat...
20 Aug, 2021, 11.09 PM ISTRate standstill fails to hide emerging taper debate on Mint Road Ultra-easy money might not be available for too long as a dissenting voice on the central bank panel points to increasing recognition of broader pricing pressures.
06 Aug, 2021, 06.04 PM ISTSuits & sayings: ET's weekly roundup of the wackiest whispers & murmurs in corporate corridors At a time when just about everyone seems to be heeding their entrepreneurial instincts, even heads of successful PE funds are jumping on the bandwagon.
11 Feb, 2018, 11.00 PM ISTHow Jatin Varma gives comics a new lease of life with Comic Con Varma returned to the country in early 2007 and managed to convince his father to give a small seed fund to start his own company.
09 Apr, 2015, 12.35 PM IST