Economy news
Loan EMIs to go up? RBI hikes interest rate by 40 basis points, everything you need to know
The Reserve Bank of India Governor Shaktikanta Das on Wednesday announced a hike in the repo rate by 40 basis points and cash reserve ratio (CRR) by 50 basis points. The decision was taken in an off cycle-meeting by the monetary policy committee (MPC) of the central bank held between May 2 to 4.
Economy news
Financial changes effective from September, Aadhaar update, nomination deadline for demat account
Some changes will take effect on the first day, while others will be implemented later in the month. This list will affect people’s finances.
Economy news
India will remain on similar growth curve till 2030, expect well behaved inflation this fiscal: CEA
Chief Economic Adviser (CEA) V Anantha Nageswaran on Tuesday projected that India’s economy was poised to do better and expected to grow at 6.5-7 percent till the end of the decade.
Economy news
India a bright spot amid projected decline in global growth: IMF
The International Monetary Fund (IMF) has projected India’s growth to dip slightly from 6.1 percent to 6.8 percent during the current fiscal year ending on March 31. IMF also expects some minor slowdown in the Indian economy in the next fiscal year.
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