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Rate Cuts Part Of RBI Effort To Prop Up Growth: MPC
June 21, 2025
|The New Indian Express Bhubaneswar
The 50 bps repo rate cut and 100 bps reduction in cash reserve ratio announced on June 6 are part of the Reserve Bank's effort at propping growth that has lost some momentum due to the ongoing trade war and aided by the six-member panel's unanimous benign outlook on inflation on falling food prices and forecast for a normal monsoon season, show the minutes of June 4-6 MPC meeting released by RBI on Friday.
The 50 bps rate cut was the only time it did in recent years after the 75 bps reduction in May 2020. During Covid pandemic. During the time, CRR was slashed to 3%.
The current package is aimed at offering stability and to aid growth in near term. The MPC changed the stance to neutral from accommodative, announced in the April policy.
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The New Indian Express Bhubaneswar
FORMER ACE CRICKETER A ‘SPOILER’ FOR RJD 1ST FAMILY
RAMEEZ Nemat, referred to by Lalu Prasad's daughter Rohini Acharya during her public criticism of her brother Tejashwi Yadav and the family, has a strong connection to Uttar Pradesh.
1 min
November 18, 2025
The New Indian Express Bhubaneswar
‘Special revision’ of rolls in Assam; cutoff date is Jan 1, ‘26
THE Election Commission (EC) Monday ordered Special Revision (SR) of electoral rolls in Assam, which is expected to go to polls in March-April next year.
1 mins
November 18, 2025
The New Indian Express Bhubaneswar
50% quota cap can’t be breached in Maha polls: SC
THE Supreme Court on Monday asked the Maharashtra government not to exceed the 50% reservation policy in local body elections that are scheduled for next month, warning to stay the polls if the quota limits are breached.
1 min
November 18, 2025
The New Indian Express Bhubaneswar
India-China ties improved in last yr, thanks to better coordination: Army
THE relationship between India and China has undergone significant transformation over the past year, thanks to enhanced communication at various levels, Chief of Army Staff General Upendra Dwivedi said on Monday.
1 mins
November 18, 2025
The New Indian Express Bhubaneswar
Deadly landslides in Java leave 18 dead, 34 missing
Rescue workers dug through tons of mud and rubble on Monday as they searched for 34 missing people after two separate landslides in two different regions on Indonesia’s main island of Java killed at least 18 people.
1 min
November 18, 2025
The New Indian Express Bhubaneswar
Putin’s top aide holds talks with Doval to bolster ties
RUSSIAN President Vladimir Putin's top aide Nikolay Patrushev on Mondy held talks here with National Security Advisor Ajit Doval, focusing on key aspects of the India-Russia relationship just ahead of Putin's visit to India early next month, for the keenly-watched annual summit.
1 min
November 18, 2025
The New Indian Express Bhubaneswar
Sonbhadra stone quarry collapse toll goes up to six; magisterial probe ordered
WITH the recovery of five more bodies, the death toll in the stone mine collapse in Sonbhadra district of eastern Uttar Pradesh rose to six on Monday.
1 min
November 18, 2025
The New Indian Express Bhubaneswar
House of cards: Soren says will review alliance with Cong, RJD in J’khand
Bihar results have created tremors in Jharkhand politics, prompting Congress and RJD to manage tensions in ruling coalition
1 min
November 18, 2025
The New Indian Express Bhubaneswar
HOW BIHAR TIPPED THE SCALES
THE narrative surrounding the recent Bihar assembly election has been constructed in several overlapping ways.
3 mins
November 18, 2025
The New Indian Express Bhubaneswar
Azam, son sentenced to 7-yr jail term in PAN card case by MP/MLA court
SENIOR Samajwadi Party leader Mohammad Azam Khan and his son, Abdullah Azam, were on Monday sentenced to seven years' imprisonment by the MP/MLA Court in Rampur.
1 min
November 18, 2025
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