Given the cost plus formula for the determination of MSPs, the increase in MSPs as above is consistent with the rising input costs as evidenced by figures below. BIS central bankers’ speeches  5  19. It is a fair presumption that MGNREGS has considerably affected labour costs while also tightening availability of agricultural labour during peak seasons.
For instance, appropriate pricing of foreign currency liquidity provision can limit its function to that of an emergency backstop facility which is costly for banks to use. Additionally, the framework has to be in line with global economic objectives, such as price stability, balanced growth and efficient international allocation of resources.