RBI cuts repo rate by 25 bps to 6.25%; Governor announces additional measures
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday ‘unanimously’ decided to reduce the policy rate by 25 bps from 6.50 per cent to 6.25 per cent.
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) on Friday ‘unanimously’ decided to reduce the policy rate by 25 bps from 6.50 per cent to 6.25 per cent.
The Index exhibited a further downward momentum in January, dipping to 4 per cent on a YoY basis, moderating from 5.4 per cent in December.
The Communist Party of India (CPI) on Saturday strongly criticized the Union Budget for 2025-26, claiming it has failed to address critical structural challenges such as rural distress, stagnant agriculture, rising unemployment, and the crumbling healthcare and education systems.
Britain's Consumer Prices Index (CPI) rose by 2.5 per cent in the 12 months to December 2024, down from 2.6 per cent in November, according to data from the Office for National Statistics (ONS) released on Wednesday.
The easing of inflation reflects a steadily declining trend after having touched a 14-month high of 6.21 per cent in October. CPI inflation had declined to 5.48 per cent in November.
The all-India Consumer Price Index-Industrial Workers (CPI-IW) for August decreased by 0.1 points, and stood at 142.6.
The Ministry of Statistics and Programme Implementation (MoSPI) organised an interaction with Forecasters & Economists of GDP and CPI in Mumbai, it said in a statement on Wednesday.
The Ministry of Statistics and Programme Implementation (MoSPI) organised the meet in Mumbai for making these indices more robust and effective.
The Kerala government has issued an order directing the Vigilance and Anti-Corruption Bureau (VACB) to probe allegations of wealth accumulation against ADGP (law and order) M R Ajith Kumar and former Pathanamthitta SP Sujith Das S.
This downward trend brought much-needed relief, especially as the country's inflation rate has remained high in recent years, largely driven by increasing gas, food and electricity costs.