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Rate Cuts Part Of RBI Effort To Prop Up Growth: MPC
The New Indian Express Vellore
|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.
Denne historien er fra June 21, 2025-utgaven av The New Indian Express Vellore.
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FLERE HISTORIER FRA The New Indian Express Vellore
The New Indian Express Vellore
Founders of PhonePe offload ₹5,548 cr shares
SAMEER Nigam and Rahul Chari, founders of Bengaluru-based digital payments firm PhonePe, sold a portion of their shareholding to General Atlantic Singapore in September 2025, as per the company’s updated draft red herring prospectus (UDRHP) filed with the Sebi.
1 min
January 23, 2026
The New Indian Express Vellore
29 fighter jets to fly past in 'Sindoor' formation
REPUBLIC DAY GLORY
2 mins
January 23, 2026
The New Indian Express Vellore
Start-ups seek AI spends, skilling, data infrastructure support in Budget 2026
AS India heads into the Union Budget 2026, tech and fintech founders are expecting higher AI investment, stronger skilling, and clear data and digital infrastructure policies to drive sustainable growth across fintech, AI, automation, and digital services.
1 min
January 23, 2026
The New Indian Express Vellore
Life convicts bride and groom fall in love in Raj jail, get parole for marriage
TWO life convicts lodged in separate murder cases have been granted parole to marry, after falling in love inside a Jaipur prison.
1 min
January 23, 2026
The New Indian Express Vellore
10 jawans dead, 11 injured as Army vehicle falls into 200-foot gorge in Doda
TEN Army men were killed and 11 others injured, some of them critically, after an armoured vehicle carrying the troops for anti-militancy operation skidded off the road and fell into a 200 ft gorge in Jammu and Kashmir’s Doda district on Thursday.
1 mins
January 23, 2026
The New Indian Express Vellore
Fresh violence in Manipur amid Centre's peace push
ON the day a Meitei man was abducted and shot dead in Manipur’s Churachandpur district, the Union Ministry of Home Affairs was intensifying negotiations to explore the possibility of installing a popular government in the ethnic violence-hit state, under President’s Rule since Feb 13, 2025.
2 mins
January 23, 2026
The New Indian Express Vellore
Rahul ups ante, says poor must unite to bring back MGNREGA
UPPING the ante on Centre’s new rural job law that replaces UPA-era MGNREGA, Congress leader Rahul Gandhi on Thursday said that the Modi government’s objectives in repealing MGNREGA are the same as they were in bringing the ‘three black farm laws’, and urged workers to stand united to demand the rollback of VB-G RAM G Act.
1 mins
January 23, 2026
The New Indian Express Vellore
Watch out! Superfood Makhana to go national, on parade at Kartavya Path
BIHAR’S most renowned aquaagro product, makhana, is set to feature prominently in the tableaux display on this year’s Republic Day parade.
1 mins
January 23, 2026
The New Indian Express Vellore
'Upset' with rift & chaos, Cong high command summons Punjab leaders
WITH factionalism widening within the Punjab Congress over former CM Charanjit Singh Channi’s remarks that “SC representation in the party is inadequate”, the Congress high command on Thursday stepped in to address the infighting and ruled out changes in state leadership.
1 min
January 23, 2026
The New Indian Express Vellore
PHYSICAL PRESENCE NOT NECESSARY FOR REGISTERING DOCUS, STAR 3.0 ROLLED OUT
CHIEF Minister M K Stalin on Thursday launched Sprint 1 of the Registration Department’s STAR 3.0 software project, marking a major step in the state’s push towards fully digital, paperless public services.
1 mins
January 23, 2026
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