SShortSingh.
Back to feed

RBI holds repo rate steady amid inflation concerns and global uncertainties

0
·1 views

The Reserve Bank of India has decided to keep its repo rate unchanged despite several economic headwinds. RBI Governor Sanjay Malhotra acknowledged that the ongoing conflict in West Asia is disrupting trade routes and supply chains, adding pressure to the global economy. The instability has also contributed to increased market volatility and weakened business confidence. However, the primary reason for holding the rate steady was that although inflation has risen, the resulting cost pressures have not spread broadly across the economy.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Stalin Slams TVK Budget as Rehash of Dravidian Model With No Fresh Vision

Tamil Nadu opposition leader M.K. Stalin criticized the TVK government's latest budget, calling it a wasteful exercise that merely repackaged existing schemes. He argued the budget offered no new vision and amounted to a remake of the Dravidian model. The state's finance minister presented the budget with an ambitious target of building a $1.5 trillion economy by 2031. Other opposition parties joined in, raising concerns over unmet election promises and rising debt levels. The budget did include spending allocations across schools, higher education, and various welfare programmes.

0
IndiaNDTV ·

Britain's WWII Spy Mansion Trent Park Opens to Public as Museum

Trent Park, a historic British mansion used as a secret intelligence facility during World War II, has opened its doors to the public as a museum. The site was famously used to house high-ranking German prisoners of war, whose conversations were secretly recorded by British intelligence. A dedicated team of German speakers worked at the mansion, transcribing intelligence gathered from the bugged discussions of captive officers. The new museum, named Trent Park House of Secrets, aims to shed light on this covert wartime operation and the people behind it.

0
IndiaNDTV ·

Japanese Inventor, 72, Develops Method to Generate Electricity From Soil

Japanese designer Satoshi Nakagawa, 72, has developed a technique called micropower collection (MPC) that extracts small amounts of electrical current from natural and everyday materials. The method is capable of harvesting energy from a surprisingly wide range of sources, including soil, wine, and French bread. MPC works by capturing tiny trickles of electricity that exist within these substances. Nakagawa's invention represents a novel approach to alternative energy generation from unconventional sources.

RBI holds repo rate steady amid inflation concerns and global uncertainties · ShortSingh