Hi everyone, welcome back to our channel. I hope you all are doing well. Today we are going to discuss a very important topic. The topic for today is MPC meetings. So, Monetary Policy Committee meeting was very recently and it was concluded today on 8th February. And it gave certain recommendations. We are also going to talk about what all happened in the meeting and key highlights of the meeting. The detailed discussion on this will be held tomorrow. So, in the next session, we will discuss the details and what all happened in this meeting. But now, we are going to talk about the key highlights and recommendations of this Monetary Policy Committee meeting. So, this was concluded today like I said. First of all, we have to understand what is Monetary Policy Committee. Monetary Policy Committee is. This is a committee of six members, six members, out of which three are from RBI and the rest three are nominated by the Central Government of India. So, three members which are from the RBI is the Governor of RBI, the Deputy Governor and the third member is nominated by the Central Board of Directors of RBI. The rest three members are nominated by the Central Government of India. So, that the government also has a say in the Monetary Policy Committee. What is the purpose of Monetary Policy Committee? So, this Monetary Policy Committee aims at price stability and for that it maps inflation in the economy. So, using inflation, CPI inflation, it maps the CPI inflation and using that, it either increases the repo rates or decreases is, these are called as policy rates for an economy. Okay, so, you tracking this inflation, the Monetary Policy Committee shifts these policy rates. This year, the repo rate, this time, the Monetary Policy Committee meeting, this time the repo rate has been increased by 25 basis point and it has now been at 6.5%. So, it has increased by 25 basis point and increased to 6.5%. The repo rate currently stands at 6.5% effective immediately. After this meeting, talking about standing deposit facility, standing deposit facility forms the flow rate of liquidity corridor, liquidity adjustment framework. So, Huta Kya hai, the standing deposit facility forms the flow rate and the MSF marginal standing facility forms the ceiling rate and escape beachme, there is repo rate. So, the SDF and MSF adjust accordingly as per the repo rate. So, currently the SDF is 6.25% after this Monetary Policy meeting. The SDF stands at 6.25% and the MSF is 6.75%. I repeat, the MSF is 6.75% and the SDF is 6.25% after this meeting. So, like I said, the standing deposit facility forms the flow rate of this liquidity corridor. So, this liquidity corridor is being made. This is the liquidity adjustment framework. This may repo rate is in the middle. SDF forms the flow rate and MSF forms the ceiling rate. Now, we have understood what is MPC, what is the purpose of MPC? Repo rate Kya hai, SDF Kya hai. But, what has been the stance of Monetary Policy Committee? Why have they increased the rate this time? So, the stance was withdrawal of accommodation. The stance was withdrawal of accommodation. So, up until initial last year 2022, beginning May, the government, the RBI was following Monetary Policy Accommodation. Wherein, it was decreasing the rates and injecting liquidity in the economy. But, since last year, since last 5-6 times, the stance has been withdrawal of that accommodation. Right, to absorb excess liquidity out of the economy and the stance has been Monetary Titaning. I repeat, the stance has been Monetary Titaning, which is withdrawal of the accommodation. That is why the rates this time has increased. It has increased by 25 basis point, the repo rate and now it stands at 6.5%. Up, inflation Kya hai bi bathkar le te hai. The meeting also talked about what will be the inflation, expected inflation next year, as well as the inflation in the month of December. So, inflation in the month of December was 5.7%. The inflation in the month of December was 5.7% and the inflation of the entire year, that is the fiscal year 2023, will be 6.5%. Which in the next year, F by 24, will be 5.3%. I hope it na samajagya oga, the inflation in the month of December has been 5.7%. Talking about core inflation, what is core inflation? Core CPI? When from inflation, from CPI, you deduct or exclude the volatile food and fuel items. You get core inflation. So, the core inflation in the month of December was 6.1%. The core inflation in the month of December was 6.1%, which is above the band of 4 plus minus 2%. So, RBI na ik band ban aya hua hai, of inflation. This is the band of inflation, which is 4 plus minus 2%. So, the core inflation has at 6.1% is above the medium term target and above this 4 plus minus 2%. What is the medium term target? 4%. Just say inflation in the month of December, which was 5.7%, will be more. That is one of the reasons Ki a monetary policy tightening towards RBI is moving in this meeting as well. It was earlier expected to decrease, but the rate has been high in this monetary policy meeting as well. So, like I said, the medium term target of inflation is 4%. And the inflation, the CPI inflation in the month of December was 5.7%. For entire financial year, it will be 6.5%, and it will reduce to 5.3% in the next year. Talking about GDP projections. So, Asper first advanced estimate, which was given by NSO, National Statistical Office, the first advanced estimate, according to the GDP projection, for this year is expected to be 7%. The GDP expectation is 7% Asper, the recommended Asper RBI's monetary policy committee meeting. Okay, so, Yeh first advanced estimate, NSO Nidhiya tha, and this was also mentioned in this meeting, ki 7% hoga, GDP prediction. Talking about this, the statement on developmental and regulatory policies. RBI neh xstatement be nekali hai, along with this, this statement is on developmental and regulatory policies. A lot of discussions have taken place during the meeting, especially in which are mentioned in this statement. For example, about UPI. So, the first one is about UPI. UPI facility for merchant payment, will now be extended to inbound travelers, especially from G20 countries. So, abhita, this is for G20 countries. Further, this might expand to other countries as well. So, the UPI facility for merchant payments, for inbound travelers has been extended, especially from inbound travelers from the G20 countries. So, they can use this UPI facility for merchant payments. Other than that, there is also a QR-based coin-wending machine project. This will be launched on pilot basis in 12 cities. We will talk about these in details in the upcoming session tomorrow, RBI to 4.7 session. Abhikili, we're just going to discuss the key highlights. So, one of the key highlights was about UPI facility extension. The second one was for about QR-based, QR code-based coin-wending machines for 12 cities, nearly launch over on pilot basis. Other than that, also, there has been discussions on borrowing and lending of government securities, lending and borrowing. So, abhikili trading of government securities we have heard, but now lending and borrowing of government securities will also take place. Why? How will this be helpful? This we will discuss in detail in our next session. Abhikili, these has been the highlights, reparate, SDF, MPC, we have understood everything. Why has this chance been taken? We have also understood that. I hope you liked it. Thank you.