The Reserve Bank of India (RBI) has increased the benchmark repo rate by 25 basis points, taking it from 5.25% to 5.50%. The decision marks the central bank’s first repo-rate increase since February 2023 and comes at a time when inflationary pressures and global economic uncertainties are gaining attention. The decision was taken by the […]
Former Prime Minister of India, former RBI Reserve Bank of India and former Finance Minister of India Manmohan Singh said that the GDP growth rate of 4.5% was unacceptable and worrisome, and urged his successor to set aside “deep-rooted suspicion” of society and nurse India back to harmonious, mutually trustworthy society that can help the […]
Today resignation of RBI Reserve Bank of India Governor Urjit Patel comes as a big surprise after a very short span of just over 2 years of holding the post. Urjit is said to have resigned due to personal reasons. His resignation comes just on a previous day of winter session of Parliament. It is […]
