The repo rate is the rate at which the RBI lends money to commercial banks. Which means that home, auto and personal loans are likely to get more expensive.
RBI’s move comes as central banks in emerging markets step up action to counter capital outflows and weaker currencies that threaten to drive up inflation.
The former RBI governor said developing economies were in a stronger position to absorb interest rate hikes by the US Fed than during the so-called taper tantrum in 2013.
Growth accelerated to 7.7% in the quarter ending March, making India the fastest growing major economy. Amid growing calls to pull the rate trigger, this might see the RBI increase interest rates as early as next week.
Hidden bad debt is a blow to the sector given that half of India’s 22 government-controlled banks are already under the Reserve Bank of India’s strict Prompt Corrective Action program that restricts lending and expansion.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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