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.
RBI data shows bad loans in India are the lowest in at least 13 years. While write-offs are the main reason, lower NPA additions & falling slippage ratio are also driving factors.
In a new report, RBI data shows subsidy payments are being concentrated among fewer states, with Tamil Nadu in particular seeing a sharp rise in its share of total subsidies.
Weak governance, corruption and poverty continue to define tribal life in India. The introduction of industrial and mining projects has benefited contractors, politicians and officials more than Adivasis.
Clean energy is “no longer the sideshow, it is the show”, BVR Subrahmanyam told the Odisha summit, warning India to lead the global shift or risk others’ tech dominance.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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