EU leaders to face off in ”very tough” budget summit

EU leaders are to hold a Brussels summit Thursday to set a seven-year budget despite splits between some stingy rich nations, poorer ones wanting to preserve spending and others wanting to fund grand global ambitions.

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Low inflation, falling growth leave more room for rate cut: RBI governor

The government has limited fiscal space to support growth, but low inflation can help the monetary authority ease policy rates further and help boost the economy that has badly lost its momentum, RBI governor Shaktikanta Das said yesterday. Continue Reading

Loss of industrial output momentum to dampen GDP growth: Report

India Ratings and Research (Fitch Group) in its recent report has stated that the loss of momentum in the industrial output growth, expected lower-than-normal monsoon for the year and continued agrarian distress, are reasons for it. Continue Reading

RBI cuts repo rate by 0.25 bps to 6%

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das today announced reduction of repo rates by 0.25 bps points to 6 per recent in its first bi-monthly monetary policy of 2019-20.
The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers. Continue Reading