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RBI Governor Opines Interest Rate Reduction to Bolster Private Consumption

April 24, 2025

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The Statesman Bhubaneswar

RBI Governor Sanjay Malhotra said cutting benchmark interest rates will boost private consumption and help revive private corporate investment.

- STATESMAN NEWS SERVICE

His comments came during the Monetary Policy Committee (MPC) meeting held earlier this month, where he and five other members voted for a 25 basis point repo rate cut, as noted in the minutes released by the RBI on Wednesday.

المزيد من القصص من The Statesman Bhubaneswar

The Statesman Bhubaneswar

First legally binding pact to protect marine life takes effect

The worlds first legally binding agreement to protect marine life in international waters took effect Saturday, marking a historic moment for ocean conservation after nearly two decades of negotiations.

time to read

1 min

January 18, 2026

The Statesman Bhubaneswar

Renewed fighting in Myanmar’s Rakhine over strategic port cities

Fresh fighting has broken out between the Arakan Army (AA) and Myanmar’s military junta as both sides battle for control of the strategically vital port cities of Sittwe and Kyaukpyu in Rakhine State, according to security sources.

time to read

2 mins

January 18, 2026

The Statesman Bhubaneswar

Reliance Industries posts ₹18,645 crore profit in Q3 FY26; GDR slips 2 per ecnt

Reliance Industries (RIL) has reported a consolidated net profit of Rs 18,645 crore in the third quarter of the financial year 2025-26 (Q3 FY26).

time to read

1 mins

January 18, 2026

The Statesman Bhubaneswar

Kyiv, EU allies seek firmer Ukraine commitments from Trump

Kyiv and its European Union allies want Donald Trump to firm up his Ukraine commitmentsin Davos, reports Politico Europe.

time to read

1 mins

January 18, 2026

The Statesman Bhubaneswar

On their return, Indians describe situation in Iran as ‘very bad’

Several Indian nationals, who were stranded in Iran in the midst of deteriorating security in the Middle Eastern country in the wake of anti-government protests, landed at Indira Gandhi International Airport in New Delhi late Friday evening.

time to read

1 min

January 18, 2026

The Statesman Bhubaneswar

Form 7 submission: Four BJP cadres arrested

Bharatiya Janata Party cadres clashed with police personnel in Burdwan town this afternoon following chaos during the submission of Form 7 to the Election Commission of India.

time to read

1 min

January 18, 2026

The Statesman Bhubaneswar

Sunday’s matchalmostlikea WCfinal, says Siraj

Star pacer Mohammed Siraj has compared Sunday’s series decider against New Zealand toa World Cup final, a reflection of just how fiercely contested the first two ODIs have been.

time to read

2 mins

January 18, 2026

The Statesman Bhubaneswar

Cold Ambitions

In the Arctic, ambition wears a colder mask.

time to read

2 mins

January 18, 2026

The Statesman Bhubaneswar

AIADMK manifesto: ₹2,000, subsidised loan for women, free bus travel for men

From Rs 2,000 for all ration card holders to Rs 25,000 subsidy to five lakh women for purchasing two-wheelers and free bus travel for men, it is raining freebies in the first phase of AIADMK manifesto.

time to read

1 mins

January 18, 2026

The Statesman Bhubaneswar

CM Majhi secures ₹1lakh crore investment commitments at Odisha Investors' Meet in Kolkata

Odisha attracted investment intents worth close to Rs 1 lakh crore at its Investors Meet Roadshow held in Kolkata over two-days Friday and Saturday.

time to read

1 mins

January 18, 2026

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