R-7 Parwana Vihar, Jaipur

Hello everyone today we are talking about the Union Budget 2024-25. It was expected to have some implications for the Indian economy. The Reserve Bank of India (RBI) will play a key role in ensuring the successful implementation of the financial and monetary policies outlined in the budget.

Some key areas where RBI's guidelines may align with the 2024-25 budget:

1. Monetary Policy and Inflation Control:
The government is likely to focus on managing inflation through fiscal policy and the RBI is pushing its efforts to balance inflation targeting and growth. The RBI may revise its interest rates or utilize tools like repo rate, reverse repo rate and open market operations to maintain price stability and align with the budget's inflation outlook.

2. Banking Sector Reforms:
The budget may include measures to improve the banking sector, promote financial equality, and handle non-performing assets (NPAs). The RBI's liquidity, governance, and asset quality requirements will most likely be aligned with these measures to guarantee banking sector stability.

3. Digital Economy and Payments:
As we all can see there is an increase in focus on the use of digital currency in the economy, the

22 budget may propose further expansions related to digital payments and financial inclusion initiatives. RBI, through its frameworks like UPI (Unified Payments Interface) and Digital Rupee, will continue supporting these measures by issuing relevant guidelines and ensuring smooth transitions in the financial system.

RBI's role, guided by these policies, will remain crucial for implementing the budget's vision. To learn more about RBI guidelines and RBI exam-related details you can read it on rbinotes.com, it is one of the best websites where you can get to know about RBI Grade B Exams.