As the Reserve Bank of India's Monetary Policy Committee (MPC) begins its two-day meeting in Mumbai to deliberate on the key policy rates, economists are divided over the quantum of the rate cut that the central bank should undertake in its June 6 announcement.
According to a report by SBI, the RBI is likely to announce a 50 basis points (bps) cut in the repo rate during this policy. The bank believes that a large rate cut at this stage could help revive the credit cycle and support overall economic growth.
Under Chief Minister Pushkar Singh Dhami's "zero tolerance" policy, the Uttarakhand government has initiated action against several senior officials on charges of corruption, misuse of office, disproportionate assets, and financial irregularities.
Bihar Chief Minister Nitish Kumar chaired a high-level cabinet meeting on Tuesday and approved 47 key proposals, including large-scale infrastructure projects, new government job openings, and significant policy decisions.
Summing up the visit, Reddy said, "It has been an extremely productive visit from the perspective of conveying the key message of new India. It's about India's policy of zero tolerance against terrorism, and that message has resonated well."
Wrapping up a high-level diplomatic mission to the UAE, Democratic Republic of Congo, Sierra Leone, and Liberia, Shiv Sena MP Shrikant Shinde described the 13-day visit by the all-party delegation as a unified assertion of India's zero-tolerance approach to terrorism and a reflection of its
Hong Kong, June 3: Today, Bindo Labs - the parent company and developer of Wonder, a leading payments gateway and fintech platform for merchants in Hong Kong - announced its collaboration with Generali Hong Kong, a member of Generali Group, one of the world's largest integrated insurance and
New Delhi [India], June 2: In a landmark decision that has excited the Indian travel community, the Philippines has officially introduced visa-free travel for Indian passport holders, allowing a stay of up to 14 days. With this relaxed visa policy, the Philippines has become one of the top v
India's MoS Kirti Vardhan Singh is visiting Tajikistan and Kyrgyzstan to strengthen ties and attend key climate and biodiversity conferences. He highlighted glacier melt risks, India's environmental efforts, and held talks on trade, security, and regional cooperation as part of India's "Conn
The Ministry of Heavy Industries issued detailed guidelines for its electric car manufacturing scheme, first announced on March 15, 2024. Name of the scheme is "Scheme to Promote Manufacturing of Electric Passenger Cars in India" (SPMEPCI).