#RBIPolicy | @RBI’s Monetary Policy Committee decides to maintain ACCOMMODATIVE stance as long as necessary
#RBIPolicy | Reverse Repo Rate maintained at 3.35%, MSF rate at 4.25% & Bank Rate at 4.25%
#RBIPolicy | @RBI reduces FY22 GDP forecast to 9.5% from earlier estimate of 10.5%
#RBIPolicy | @RBI reduces Q1FY22 GDP forecast to 18.5% from earlier estimate of 26.2%
#RBIPolicy | @RBI sees Q1FY22 GDP growth at 18.5%, Q2 at 7.9%, Q3 at 7.2% & Q4 at 6.6%
#RBIPolicy | @RBI sees CPI inflation at 5.1% in FY22 with Q1 at 5.2%, Q2 at 5.4%, Q3 at 4.7% & Q4 at 5.3%
#RBIPolicy | Forecast of normal monsoon and resilience of agriculture and farm economy will provide tailwinds to growth revival: @RBI Governor @DasShaktikanta
#RBIPolicy | On-tap liquidity window for contact-intensive sectors (Hotels, Restaurants, Tour Operators, Aviation Ancillary Services, Car Services, Parlours And Salons) of Rs 15,000 cr at repo rate
#RBIPolicy | Special liquidity facility of Rs 16,000 cr for MSMEs via SIDBI For 1-year at repo rate
#RBIPolicy | RRBs allowed to issue CDs with an option to buy back CDs. NAC has emerged as important DBT vehicle, it will be made available for all days of the week from August 1
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#MaharashtraUnlock | Maharashtra Govt announces 5-level unlock plan. Most activities under level-1 and level-2 categories are allowed to function without any restrictions
#MaharashtraUnlock | Shops, malls, theatres, restaurants can function without any restrictions in cities under level-1
#MaharashtraUnlock | Private & govt offices in cities falling under level-1 and level-2 can function with 100% capacity
#RBIPolicy Poll | Majority of the bankers expect @RBI to cut its FY22 GDP forecast to sub-10% & also lower the Q1FY22 GDP estimate from the earlier forecast of 26.2%
#RBIPolicy Poll | @RBI is expected to retain Q1FY22 CPI inflation forecast of 5.2% & Q2FY22 forecast of 5.2%
#MarketAtClose | Sensex, Nifty & Midcap index post record closing highs.
Frontline indices gain nearly 1% each on weekly expiry day.
Sensex rises 383 points to 52,232 & Nifty 114 points to 15,690
#MarketAtClose | Nifty Bank gains 275 points to 35,649 & Midcap index 245 pts to 26,363
Titan top Nifty gainer with a move of over 6% on unlock theme.
ONGC continues to move higher on rising crude prices, up 4%
#MarketAtClose | IndusInd Bank ends in the red, but is 4% off intra-day low.
Adani shares continue to move higher; Adani Ports up 1.6%, Adani Ent up 3%
Reliance Industries: Co made pre-payment of $7.8 billion of long-term foreign currency debt in FY21 - #AnnualReport
Reliance Ind Annual Report: Mukesh Ambani Says have a strong balance-sheet with high liquidity that will support growth plans. Strong #balancesheet will support growth plans Jio, Retail & O2C.
JioMart continues to grow
in scale wrt traffic, active users & orders
RIL Annual Report | Mukesh Ambani: Ajio.com saw 3x rise in biz on high orders,improvement in all metrics
SC On Pvt Hospitals: Present system of allowing only digital registration & booking of appointment on CoWIN coupled with current scarcity of vaccines, will ultimately ensure that initially all vaccines, whether free or paid, are 1st availed by the economically privileged.
thread
Supreme Court: Private Hospitals provide a public health service, they still remain private, for-profit entities.
Consequently, they may sell the vaccine doses procured at a higher price.
*Follow thread for more*
Supreme Court: Private hospitals also may not sell all their vaccine doses publicly through appointments on #CoWIN, but rather sell them for lucrative deals directly to private corporations who wish to vaccinate their employees