RBI cautions against farm loan waivers

June 07, 2017 14:57

RBI rate cut: RBI projects inflation in 2-3.5 per cent range for the first half of 2017-18 and 3.5-4.5 per cent for the second half. RBI cuts the Statutory Liquidity Ratio by 0.5 per cent. Implementation of GST is not expected to have any material impact on overall inflation. RBI cuts growth projection for current fiscal to 7.3%, from 7.4%. RBI cautions against rush of farm loan waivers, warns of risk on fiscal slippages and inflationary spillovers.

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