This comes amid looming uncertainties as Trump’s tariff regime kicks in. RBI also revised its growth estimates for FY25-26, lowering GDP estimates by 20 points to 6.5% from 6.7%.
While IMF welcomes India's shift towards debt-based fiscal anchor, it recommends improvements to the framework, besides endorsing exchange rate flexibility & other steps.
Rate cut comes within week of Union Budget which provided biggest-ever tax break to middle class to boost consumption after economy slowed to lowest pace since pandemic.
Liquidity has been a concern as banks have been grappling for stable deposits for months. This is reflected in an increase in the credit-deposit ratio for individual banks.
Rupee had a major fall this week, led by strong US macro data, rising crude prices. China's currency moves, Japan’s possible rate hike & domestic growth concerns may maintain pressure.
Global media also highlights India’s growing military presence in the Indian Ocean, with recent naval manoeuvres and ongoing tensions with China shaping its strategic stance.
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.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
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.
An appointment to SCOTUS is like planting a fully grown tree that will bear fruits for decades. 6 – 3 now. There could be another appointment at least in the second term.
May the RBI also be fair to saving households.
An appointment to SCOTUS is like planting a fully grown tree that will bear fruits for decades. 6 – 3 now. There could be another appointment at least in the second term.