The monetary policy committee (the MPC) will meet in the first week of August 2020 to deliberate and are likely to have their task cut out with the economy staring at a contraction and the need to manage inflation. The MPC has already delivered 115 bps repo rate cuts along with a slew of liquidity measures from RBI like CRR cut and open market purchases and introduced new liquidity tools like long term repo operations (LTRO) to support the economy and stabilise markets in these uncertain times.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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