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Hit by slowdown, tariff, housing sector receives no reprieve from RBI

The New Indian Express Shivamogga

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August 07, 2025

REAL estate sector feels a repo rate cut by the Reserve Bank (RBI) in its latest Monetary Policy Committee (MPC) meeting outcome would have boosted confidence among buyers amid a slowdown phase and additional pressure caused by US President Donald Trump's new 25% tariffs on Indian goods.

- ARSHAD KHAN @New Delhi

The RBI kept the policy rate unchanged at 5.5% and retained its 'Neutral' stance in the August MPC meeting, citing inflation stability and geopolitical uncertainty. The decision follows a cumulative 100 bps rate cut earlier this year and comes as former US President Donald Trump threatens a 25% tariff on Indian exports, a move th

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BJP scores surprise win in 1 seat, NC bags 3 in RS polls

THE Opposition BJP on Friday pulled off an unexpected victory in one of the four Rajya Sabha seats from J&K due to cross-voting by at least four legislators, while the ruling National Conference (NC) won the remaining three seats.

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Ease of travel: Civil aviation ministry firms up winter schedule of all airlines

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Gold rally lifts forex reserves by $4.5 billion

THE record rally in gold prices, which scaled past $4,300/ounce mark in the reporting week, have lifted the overall forex reserves by $4.5 billion to near the record level it had scaled in September when it was near $705 billion.

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POWER OF EDUCATION DIPLOMACY

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DON'T CRITICISE CITIZENS DEMANDING BETTER INFRA

HE acrimonious exchange between Karnataka’s top political and corporate leaders over Bengaluru’s failing infrastructure has only served to highlight the reality that has become the city’s identity—cratered roads, traffic bottlenecks, and garbage piles.

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Senapati decked up to greet & honour Muivah

UNC declares Genna for NSCN-IM leader’s visit

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Cong slams Centre over official maps of Great Nicobar Island

2021 map no longer shows Galathea Bay

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Jaishankar snubs UN over Pak terror, says ‘all not well

EAM says Islamabad blocks world body’s sanctions over Pahalgam attack

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Madrasa probe for demanding 'virginity test' for 13-yr-old in Moradabad

'Threatened to expel her if she refused to comply'

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Yeast can survive Martian environment: IISc

YEAST, an indispensable ingredient in making bread, beer, and biotech products, has the resilience to withstand harsh conditions found in the Martian environment, a new study by researchers from the Department of Biochemistry, Indian Institute of Science (IISc), and collaborators at the Physical Research Laboratory (PRL), Ahmedabad, have found.

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