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Rate Cuts Part Of RBI Effort To Prop Up Growth: MPC
The New Indian Express Sambalpur
|June 21, 2025
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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FLERE HISTORIER FRA The New Indian Express Sambalpur
The New Indian Express Sambalpur
Doc names cops in palm note, ends life
A 28-year old woman doctor working at a government hospital in Phaltan in Satara district of Maharashtra died by suicide late on Thursday night and left a seven-line note on her palm, blaming two police inspectors for her harassment, torture and sexual exploitation.
1 min
October 25, 2025
The New Indian Express Sambalpur
Senapati decked up to greet & honour Muivah
UNC declares Genna for NSCN-IM leader’s visit
2 mins
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The New Indian Express Sambalpur
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.
2 mins
October 25, 2025
The New Indian Express Sambalpur
The adman who spoke to India in its own language
PIYUSH Pandey was the odd man out at a RedInk Awards panel discussion soon after Prime Minister Modi was voted in for the first time in 2014.
1 mins
October 25, 2025
The New Indian Express Sambalpur
SBI Life profit falls 6.6% despite rise in premium income
SBI Life Insurance on Friday reported a 6.6% year-on-year fall in net income to ₹494.6 crore in the September quarter, despite the largest private sector life insurer saw its premium income growing by 22.6%.
1 min
October 25, 2025
The New Indian Express Sambalpur
Jaishankar snubs UN over Pak terror, says ‘all not well
EAM says Islamabad blocks world body’s sanctions over Pahalgam attack
1 mins
October 25, 2025
The New Indian Express Sambalpur
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.
1 min
October 25, 2025
The New Indian Express Sambalpur
Taliban to build dam to limit water to Pak
IN a move that could have far-reaching consequences for Pakistan's already strained water and energy security, Afghanistan's Taliban government has said it will build a series of dams on the Kunar River.
1 min
October 25, 2025
The New Indian Express Sambalpur
16-yr-old girl gangraped by neighbours in house in Puri, two detained
IN a shocking incident, two youths allegedly gangraped a minor girl in her house in a village under Puri's Chandanpur police limits late on Thursday.
1 mins
October 25, 2025
The New Indian Express Sambalpur
India on alert as polio cases rise in Pak, Afghan
DESPITE being officially certified as polio-free in 2014, India remains at risk of polio reinfection due to vaccine-derived poliovirus (VDPV), its proximity to endemic countries, Pakistan and Afghanistan, and potential gaps in immunity, experts said here on the occasion of World Polio Day on Friday.
2 mins
October 25, 2025
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