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RBI MPC Meeting: Repo rate unchanged at 6.5% for 8th time in a row
RBI Governor Shaktikanta Das on June 7, 2024, said the Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5%. File | Photo Credit: ANI The Reserve Bank of India (RBI) on June 7 decided to keep the policy rate unchanged for the eighth time in a row, saying it will maintain […]
Watch | Why is the RBI worried about banks giving out too many personal loans?
Watch | Why is the RBI worried about banks giving out too many personal loans? Many industries across India were failing, and were consequently unable to pay back their loans. Banks in India responded to this by giving out more personal loans, especially housing loans. Personal loans consist of housing loans, vehicle loans, education loans, […]
Fiscal deficit in April-August at 27% of full-year target: Govt data
Image used for representative purpose only | Photo Credit: istock.com/Getty Images The Centre’s fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday (September 30, 2024). In absolute terms, the fiscal deficit – the gap between expenditure and revenue – […]