Reserve Bank of India (RBI) Governor, Shaktikanta Das, is scheduled to announce the third monetary policy of fiscal year 2024. The six-member Monetary Policy Committee (MPC) held a three-day meeting from August 8 to 10. The previous two policy reviews took place in April and June. In the most recent review in June 2023, the RBI MPC opted to maintain the key repo rate at 6.50 percent. Currently, the Standing Deposit Facility (SDF) rate is at 6.25 percent, while the Marginal Standing Facility (MSF) and Bank Rates are set at 6.75 percent.
In a significant escalation of diplomatic and strategic tensions, India has sharply reduced the downstream…
India’s largest public sector bank, the State Bank of India (SBI), reported a 10% year-on-year…
The Central Bureau of Investigation (CBI), in collaboration with international agencies, has successfully dismantled cybercrime…
India is now among the top five air powers in the world. With a fleet…
Prime Minister Narendra Modi virtually inaugurated the seventh edition of the Khelo India Youth Games…
India is poised to play a crucial role at the 2025 World Bank Land Conference,…
