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Monetary Policy Decision – RBI retains status quo The RBI’s Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5%, with SDF at 5.25% and MSF/Bank Rate at 5.75%. The stance was retained at neutral, reflecting RBI’s flexibility to act based on growth and inflation trends. The RBI highlighted that the benefits of front-loaded … Continue reading The RBI keeps the policy rates unchanged amid evolving inflation & growth dynamics
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In his 79th Independence Day address, Prime Minister Narendra Modi unveiled a major overhaul of India’s Goods and Services Tax (GST) regime, labeling it a symbolic “Diwali gift” for the common man and the middle class. The central government has proposed a simplified two-slab structure, comprising “standard” and “merit” rates, with special rates reserved only … Continue reading GST Rationalisation: A Big Push To Consumption
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