The Reserve Bank of India (RBI) Governor Shaktikanta Das has cautioned Non-Banking Financial Companies (NBFCs) that give incentives and fixed targets for granting loans to their employees.
Das said, "Real GDP growth for 2024-25 is projected at 7.2 per cent. With Q2 at 7 per cent, Q3 at 7.4 per cent and Q4 7.4 per cent. Real GDP growth for Q1 of next financial year that is 2025-26 is projected at 7.3 per cent and the risks are evenly balanced."
The decision was made with a majority vote of 5 out of 6 MPC members. The standing deposit facility (SDF) rate remains steady at 6.25 per cent, while the marginal standing facility (MSF) rate and the bank rate are both maintained at 6.75 per cent.
The Reserve Bank of India (RBI) is set to conclude the three-day Monetary Policy Committee (MPC) meeting today, with Governor Shaktikanta Das expected to announce the central bank's decision on policy rates.
The IDF (Israel Defense Forces) reported that at least 50 Hezbollah terrorists in Lebanon were eliminated, including 6 senior commanders from its Southern Front and Radwan Force, as a result of the "extensive air strikes" against a series of underground Hezbollah headquarters in southern Leb
The Madhya Pradesh Anti-Terrorist Squad (ATS) arrested a 33-year-old man for allegedly being involved in interstate illegal arms trade on Monday, and recovered two country-made pistols with magazines and hundreds of barrels from his possession.
Snapping six-day losses, Indian stock indices closed in green Tuesday, primarily due to buying at lower levels and with BJP heading for a third straight term in Haryana.
External Affairs Minister S Jaishankar addressed the seventh India-Argentina Joint Commission Meeting, expressing his delight with Argentina's participation in the Voice of the Global South Summit. Jaishankar also emphasised the economic partnership, noting that trade has been thriving betwe
Nam Định is a quaint town in northern Vietnam. With a population of just over 236,000, it doesn't have an airport of its own, so after landing in the capital Hanoi, the Indian senior men's team undertook a 100-kilometre bus journey through the rural landscapes of the Red River Delta to re
Kerala Assembly on Tuesday passed a Motion to reprimand four of its members belonging to the opposition United Democratic Front. They are accused of acting in breach of parliamentary etiquette when they were protesting against the Speaker in the well of the House on Monday.
India on Monday said that the inter-governmental negotiations input for the 'Summit of the Future' (SOTF) did not go far enough in addressing the critical issues related to UN Security Council reforms and its expansion.