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Below the Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance Today’s MPC decision to keep the repo rate unchanged at 6.5% did not come as any surprise as the rate setting committee once again reiterated its stand on containing inflation without sacrificing growth. More importantly, the apex bank has kept the GDP growth forecast for the current fiscal unchanged at 7.2% which underscores its stance of `withdrawing accommodation' ...
Quote on RBI Monetary Policy by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Below the Quote on Union Budget by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance "Union Budget 2024-25 takes forward the measures announced in the Interim Budget outlining a roadmap for 'Viksit Bharat'. Nine priority areas identified in the Budget which include agriculture, education and MSME segments will facilitate skilling and employment generation while boosting manufacturing growth. Infrastructure push is reiterated with a Central govt capex outlay of...
Quote on Union Budget by Mr. V. P. Nandakumar, MD & CEO at Manappuram Finance
Below the Pre-Budget quote by Mr. V.P. Nandakumar, Managing Director & Chief Executive Officer at Manappuram Finance. “I expect the Finance Minister to stick to fiscal discipline while supporting growth on a durable basis. To keep the growth momentum on track, the Finance Minister should ensure policy continuity. Therefore, I expect the forthcoming Budget to increase capital expenditure and infrastructure spend and take steps to enhance rural income and...
Pre-Budget quote : I expect the Finance Minister to stick to fiscal discipline while supporting growth on a durable basis by Mr. V.P. Nandakumar, Manappuram Finance
Quote on RBI MPC By Mr. V. P. Nandakumar - Managing Director & CEO at Manappuram Finance. “The MPC’s decision on Friday (December 8) to keep the key policy rates steady while staying the course on monetary tightening is the best policy prescription that the central bank could deliver at this point of time. The tightening cycle, in my view, will continue till the headline inflation returns to the below 4% mark. For this to happen, we may have to wait for a f...
The point, however, to note here is that the past policy actions have started showing results as mirrored in the moderating core inflation print Says Mr. V. P. Nandakumar, Manappuram Finance
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