{"id":33017,"date":"2018-10-29T18:03:10","date_gmt":"2018-10-29T12:33:10","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=33017"},"modified":"2018-10-29T18:03:10","modified_gmt":"2018-10-29T12:33:10","slug":"rising-crude-oil-prices-fiscal-slippage-a-concern-says-patel","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rising-crude-oil-prices-fiscal-slippage-a-concern-says-patel\/","title":{"rendered":"Rising crude oil prices, fiscal slippage a concern, says Patel\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/rising-crude-oil-prices-fiscal-slippage-a-concern-says-patel\/article22080106.ece\"><strong>Rising crude oil prices, fiscal slippage a concern, says Patel<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Reserve Bank of India Governor Urjit Patel voiced concern over rising crude oil prices and fiscal slippage, during the meeting of the fifth bi-monthly monetary policy review held earlier this month.<strong><br \/>\n<\/strong><\/p>\n<p><strong>Uncertainties persist on fiscal, external fronts: RBI Governor<\/strong><\/p>\n<ul>\n<li>The recent upturn in crude oil prices has emerged as a source of concern<\/li>\n<li>Several uncertainties, especially on the fiscal and external fronts, persist. It is, therefore, important to be vigilant<\/li>\n<li>The central bank released the minutes of the monetary policy committee meeting, on Wednesday.<\/li>\n<li>RBI maintained status quo for the second straight meeting, which was voted by five out of six members.<\/li>\n<li>The key policy rate or the repo rate is currently at 6%.<\/li>\n<\/ul>\n<p><strong>Fiscal slippage concerns linger on<\/strong><\/p>\n<ul>\n<li>While the RBI has maintained a neutral stance on interest rate, one of the members of the committee, said the time had come to be ready to go on the front foot.<\/li>\n<li>Price pressures are no more confined to vegetables alone, as in previous readings; they are getting diffused across petroleum products, services, and into underlying inflation<\/li>\n<li>There seems little scope for accommodation or for change of stance at the present juncture<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Rising crude oil prices, fiscal slippage a concern, says Patel\u00a0 Context Reserve Bank of India Governor Urjit Patel voiced concern over rising crude oil prices and fiscal slippage, during the meeting of the fifth bi-monthly monetary policy review held earlier this month. Uncertainties persist on fiscal, external fronts: RBI Governor The recent upturn in crude&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rising-crude-oil-prices-fiscal-slippage-a-concern-says-patel\/\">Continue reading <span class=\"screen-reader-text\">Rising crude oil prices, fiscal slippage a concern, says Patel\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-33017","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704677099},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=33017"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33017\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=33017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=33017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=33017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}