The Reserve Bank of India on Thursday cut its benchmark repo rate by 25 basis points to 5.75%. This is the third rate cut in 2019. The change in repo rate is likely to lower interest rates on new bank loans.
Prime Minister Narendra Modi has set up two Cabinet committees to address the problems of slowing growth and rising unemployment. Other Cabinet committees, such as the one on security, appointments and economic affairs, have also been reconstituted.
RBI reduces repo rate by 25 basis points
The Reserve Bank of India on Thursday cut its benchmark repo rate by 25 basis points to 5.75%. This is the third rate cut in 2019. The change in repo rate is likely to lower interest rates on new bank loans.
‘No pressure to revise clause on Hindi in draft education policy,’ says panel chief K Kasturirangan
Former Indian Space Research Organisation chief Krishnaswamy Kasturirangan on Wednesday denied that a panel he headed on drafting the National Education Policy was under any kind of pressure. “There was no pressure, and nobody even rang us to say that there was a problem,” Kasturirangan said
