Mumbai. Expressing concern about high inflation in the near future, Reserve Bank Governor Shaktikanta Das said on Thursday that the recent increase in tariff tariffs) by telecom operators (telecom operators) will increase inflation in the country. The Reserve Bank of India (RBI) on Thursday surprisingly decided to maintain the repo rate at 5.15 percent. The reason behind this was the high inflation and the possibility of food inflation going forward.
In a conversation with the media after the policy announcement, Das said, “In terms of core inflation, it is expected to remain the same in the current zone, which is below 4 percent… but some evidence suggests that Telecom and others Some decisions related to this will play a role. They could have an impact on inflation. It is expected that inflation could be 3.8% in the second quarter of next year. ”
Das said, “At present, inflation is high, which is due to food inflation. Our estimation suggests that food inflation is likely to be particularly high in the fourth quarter (January-March) and its balance will be many in the coming months. It depends on factors. ”
All three private telecom businessmen Vodafone Idea, Bharti Airtel and Jio have increased the pre-paid tariff plan and increased it by 40 to 50 percent. This increase was made after three years and in the wake of the sector going through a financial crisis in view of the Adjusted Grass Revenue, AGR) by the Supreme Court. The revised rates of Vodafone Idea and Airtel have come into effect from 3 December 2019 and Jio rates will be effective from Friday 6 December 2019).