Court ruled NCDRC's 16-yr-old decision 'appropriated' the RBI's jurisdiction. The commission had acted on a petition alleging exploitation of credit card holders.
RBI has hiked interest rates by 250 basis points since May 2022 to combat inflation. Study by central bank says growth might have been ‘sacrificed’ by 65 basis points due to this.
While interest rates for PPF & savings deposits have been retained at 7.1% & 4%, respectively, there has been an increase of 0.1% to 0.7% in other saving schemes, the finance ministry said.
Goyal was one of the 2 members who voted against a rate hike and for the policy stance to be changed to 'neutral' from the current 'withdrawal of accommodation' at the February meet.
RBI is weighing the need for supporting growth despite surging inflation keeping in mind factors such as localised lockdowns, widening output gap and rising jobless rate.
The fears of firming inflation may also refrain the Monetary Policy Committee from tinkering with the interest rate in its bi-monthly monetary policy outcome to be announced Friday.
The Satellite Communication vertical is expected to contribute approximately $14.9 billion by 2033, with $12.7 billion projected from the domestic market and $2.2 billion from exports.
The menu, it is learnt, is from an IAF station that saw intense action during Op Sindoor and was curated as part of a dinner to mark Air Force Day (8 October).
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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