New Delhi . The second wave of Corona in the country is not taking its name. The Reserve Bank of India has warned amid concerns of Corona’s ever-increasing cases and lockdown. RBI says that if the corona cases are not stopped and there is a lockdown in the whole country then it will affect the supply. Due to which there is a danger of increasing inflation in the country. The RBI has said these things in the bulletin released for April. RBI believes that if this is not controlled, it may lead to long-term restrictions on the movement of goods.
You have to focus on these-
RBI has said that the corona epidemic protocol, rapid vaccination, expansion of hospitals and associated facilities, with a focus on strong and sustainable growth after the epidemic will lead the way. If we have to get out of troubles, we have to get out of these problems as soon as possible. According to data from the Reserve Bank of India, inflation based on the Consumer Price Index rose to 5.5 per cent in March from 5 per cent in February. At the same time, inflation in food and fuel prices has increased sharply.
The risk of rising inflation in May-
Corona cases are increasing in the country due to which many types of restrictions have been imposed in many states including lockdown. This has led to a huge uncertainty in Outlook. This may increase inflation in April and May. In fact, due to the ever increasing cases of Corona, the capital of the country has been under lockdown for the last 15 days. The supply chain is being affected due to the lockdown in a big state like Maharashtra.
Tenure fixed for 15 years
Taking a major step towards reform, the Reserve Bank of India has fixed the tenure of the bank’s MD and CEO. In a circular issued to all commercial banks on Monday, the RBI said that no one can hold the post of Managing Director (MD) and Chief Executive Officer (CEO) or full-time director (WTD) for more than 15 years. In addition, MDs and CEOs or WTDs, who are also promoters or major shareholders, cannot hold these positions for more than 12 years.