Top news this week: Govt's White Paper, Repo Rate, Paytm-RBI saga and more
Read more The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Thursday decided to keep its key policy rates unchanged for a sixth straight meeting. Shaktikanta Das-headed six-member MPC maintained the repo rate at 6.5% with five out of six members voting in favour of the rate decision. Read more The RBI projects a 7% real GDP growth for the upcoming financial year 2024–25 from the previous projection of 6.6%.
This projection includes a growth rate of 7.2% in Q1, 6.8% in Q2, 7% in Q3, and 6.9% in Q4. Read more Employees Provident Fund Organisation (EPFO) has restricted deposits and credit transactions in Paytm Payment Bank accounts. This was announced in a circular issued on Feb 8, 2024 and uploaded on the official website of pension fund body.
Read more The Congress president said that the party is raising the issues of unemployment and discrimination with opposition-ruled Southern states. "We are raising the main issue of unemployment, which the BJP never talks about...There is discrimination being done with non-BJP states like Kerala, Karnataka, Telangana..." Read more Finance Minister Nirmala Sitharaman on 9 February laid the 'White Paper' in Lok Sabha and called it is a statement laid with responsibility. While speaking in the Lok Sabha, the Finance Minister said, “White Paper' has been laid on the table by the government, after 10 years of pulling out an Indian Economy which was in fragile five to reach the stage of top five.
It is a statement laid with responsibility…". Read more Metals and mining giant Vedanta Resources Ltd on Friday said it has made an upfront payment of $779 million to its bondholders and completed repayments as part of the debt restructuring exercise. Read more The owner of
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