February 2 2016, 14.12 PM IST || Pocket News Alert
“With the ongoing weakening of activity in major emerging market economies (EMEs) outweighing the recovery in some advanced economies (AEs). World trade has remained subdued, held down by anaemic demand, new lows in commodity prices and currency realignments. however, on the domestic front economic activity lost momentum in last quarter. Post evaluation of all these micro and macro economic situation, RBI has kept status quo this time to control the economic situation.
Though we welcome this dovish movement, we expect RBI would relax its monetary policies in near future and would boost sales in the realty market. We also hope that government would announce some reformatory measures in terms of tax in the upcoming Union Budget to give some breather to manufacturers and developers so that they may also slash cost of their products. Moreover, Structural reforms in the forthcoming Union Budget that boost growth while controlling spending will create more space for monetary policy to support growth, while also ensuring that inflation remains on the projected path of 5 per cent by the end of 2016-17.”
