BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of n
Governor Das stated, "After a detailed assessment of the evolving macroeconomic and financial conditions and the overall outlook. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent."
RBI Governor Shaktikanta Das to deliver the monetary policy statement on Thursday at 10:00 am, following the Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting, the post-policy press conference scheduled to be telecast at 12:00 pm on the same day.
The Royal Air Force (RAF) of the United Kingdom joined the Indian Air Force (IAF) and counterparts from Germany, Spain, and France in the first phase of the IAF's maiden multilateral exercise, Tarang Shakti, on Tuesday.
The exercise is being conducted in two phases, first in Tamil Nadu's Sulur and second in Rajasthan's Jodhpur, which aim to showcase India's defence prowess and provide a platform for participating militaries to foster coordination
German Air Force is conducting joint training exercises with the Indian Air Force for the first time, said German Ambassador to India, Philipp Ackermann on Tarang Shakti-2024, which is set to begin at Air Force Station Sulur in Tamil Nadu on August 6.
The Government of India, in collaboration with state governments, is implementing the Jal Jeevan Mission (JJM)-Har Ghar Jal, aiming to ensure tap water supply to every rural household.