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RBI MPC Announces Rate Cut by 25 bps to 6 pc; Governor Flags US Tariff Concerns
The Statesman Bhubaneswar
|April 10, 2025
The Reserve Bank of India (RBI), Monetary Policy Committee (MPC) has unanimously decided to reduce the repo rate by 25 bps to 6 per cent, said Governor Sanjay Malhotra on Wednesday.
Presenting the first monetary policy for the financial year 2025-26, he announced that the MPC has decided to change the stance to 'accommodative' from 'neutral'.
The Governor also announced that the Standing Deposit Facility (SDF) rate now stands at 5.75 per cent, while the Marginal Standing Facility (MSF) rate and the Bank Rate have been revised to 6.25 per cent.
The RBI Governor also discussed the US tariff, saying it has posed 'new headwinds' for global growth and inflation.
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The Statesman Bhubaneswar
China extends ‘warm welcome’ as direct flight from Kolkata lands in Guangzhuo
China on Monday extended a warm welcome to the passengers of an IndiGo Airlines flight which landed in Guangzhou on Monday, making it the first direct flight between both countries after a gap of over five years.
1 min
October 28, 2025
The Statesman Bhubaneswar
Ayodhya’s Ram Temple construction complete; PM Modi to hoist flag on 25 Nov
The Shri Ram Janmabhoomi Teerth Kshetra Trust announced on Monday completion of all construction work related to Ayodhya’s Shree Ram Janmabhoomi Temple.
1 min
October 28, 2025
The Statesman Bhubaneswar
Fit-again Bavuma to captain South Africa in India
Fresh from a 1-1 series draw against Pakistan, reigning World Test Champions South Africa were bolstered by the return of regular skipper Temba Bavuma for the upcoming two-match series against India in November, following his recovery from a left calf strain sustained during the England tour in September.
2 mins
October 28, 2025
The Statesman Bhubaneswar
ECI to check over 1.5 cr voters in Uttar Pradesh through SIR from today
Uttar Pradesh will now undergo athorough revision of the voter list, called Special Intensive Revision (SIR) along with 11 other states similar tothe one conducted in Bihar.
1 min
October 28, 2025
The Statesman Bhubaneswar
Andhra Pradesh braces for Montha; PM assures all help
With cyclonic storm Montha moving towards its coast, Andhra Pradesh is on high alert and Prime Minister Narendra Modi on Monday discussed the state’s readiness and intensity of the cyclone with Chief Minister N Chandrababu Naidu over the phone.
1 mins
October 28, 2025
The Statesman Bhubaneswar
BJP’s misrule has turned ambulances into bullock carts: Akhilesh
Samajwadi Party chief Akhilesh Yadav on Monday launched ascathing attack on the BJP governmentin Uttar Pradesh, alleging that the state's healthcare system has deteriorated under its watch.
1 min
October 28, 2025
The Statesman Bhubaneswar
Godrej Properties to earn ₹10,000 cr from Worli project
Godrej Properties Ltd officially announced on Monday through a regulatory filing to the stock exchange that it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential project called ‘Godrej Trilogy’, in Worli, Mumbai.
1 min
October 28, 2025
The Statesman Bhubaneswar
It is all in the mind
There is a very famous saying of John Milton, the famous English poet, that states — ‘The mind in its own place and in itself/ Can make a Heaven of Hell, a Hell of Heaven’.
3 mins
October 28, 2025
The Statesman Bhubaneswar
SC summons Chief Secretaries over non-compliance of orders in stray dog menace case
TheSupremeCourton Monday directed the personal presence of Chief Secretaries of all States and Union Territories that have failed to submit compliance affidavits on measures taken, in pursuance toits 22 August directions, to address the stray dog menace across the country.
1 min
October 28, 2025
The Statesman Bhubaneswar
SIR of voter lists in 12 states, UTs to begin on 4 November
The second phase of the Special Intensive Revision (SIR) of electoral rolls covering 12 states and Union Territories, with a focus on poll-bound states, will roll out from 4 November, the Election Commission of India announced on Monday.
1 min
October 28, 2025
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