Unlike terms & condition document, key facts statement is a simple, page-long snapshot of key information about a loan. However, depth of information it offers can be shallow.
Markets were expecting pause in rate hike cycle after 25 basis points hike but RBI gave no such assurance. Globally, too, central banks have continued to tighten monetary conditions.
While overall inflation is moderating, high and persistent core inflation remains a worry, as does the uncertain global growth & inflation environment, the governor said.
RBI governor Shaktikanta Das also projected a GDP growth of 6.4% for 2023-24; a reduced retail inflation at 6.5% for 2022-23; and 5.3% for the next fiscal.
Union Finance Minister Nirmala Sitharaman has also said the country’s markets are ‘well regulated’ and that the Adani controversy would not affect investor confidence.
Pity none of the well-behaved guests attempted India’s favourite 'Nagin dance' when Italian brand Bvlgari 'saap' slithered through The Art House in Mumbai.
According to the Niti Aayog quarter trade watch report launched Monday, India’s total trade in FY 2025 was at US$1.73 trillion—exports at US$823 billion & imports US$908 billion.
Senior Army officer says AI use enabled pinpoint targeting with 94% accuracy. The capabilities are being upgraded with military-specific LLM, expected to become operational in 6 months.
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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