The Reserve Bank of India increased the repo rate by 25 basis points to 5.5%. This is the first such hike in 44 months, driven by rising inflation and strong economic growth. The move will make loans more expensive, increasing EMIs for borrowers. Banks are also expected to raise interest rates on fixed deposits as a result.
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Elon Musk claims certain oligarchs are hindering Starlink's market entry in India. The company states it has its infrastructure ready and aims to launch affordable broadband in underserved areas. Starlink's commercial rollout is pending regulatory approvals. The firm's strategy includes collaboration with local telecom operators.
The White House has denied reports that former President Donald Trump suggested Iran should target U.S. cities. The denial follows accusations from California Democrats. They claimed Trump encouraged Iran to strike Los Angeles and San Diego. The alleged remarks were attributed to the 80-year-old former president.
Opposition parties in India staged a second consecutive day of protests against newly appointed Election Commissioners. The protests, which occurred on Thursday, specifically targeted Chief Election Commissioner Gyanesh Kumar and other new appointees. Demonstrators were detained by police during the event. The action follows the government's recent appointments to the Election Commission, which the opposition claims undermine the body's independence.
The National Medical Commission has issued new guidelines restricting the use of artificial intelligence in medical advertising. It prohibits registered doctors and hospitals from creating synthetic patient testimonials or manipulating online search rankings. The rules also ban absolute claims of being the best or guaranteeing specific treatment results. Furthermore, offering discounts or referral incentives that could promote unnecessary consultations is not permitted. These measures aim to curb misleading advertising practices in the healthcare sector.
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