'@ unacademy * The Reserve Bank of India (RBI), which cut its repo rate by 0.25 percentage points last month, retained its neutral policy stance, citing uncertainty on the future trajectory of inflation because of several uncertainties: If states choose to implement salary and allowance increases similar to the centre in the current financial year,headline inflation could rise by an additional estimated 100 basis points above the baseline over 18-24 months. Also, indicators suggest that price pressures are building up in vegetables and animal proteins in the near months. + The second volume of the Economic Survey 2016-17 took a contrarian view and maintained that India is undergoing a structural shift toward low inflation, mostly due to changing dynamics in the oil market, which has capped upside risks.