RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption. Aug 8, 2024
Reserve Bank Of India

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent. Aug 8, 2024
US to boost military presence in Middle East amid rising tensions

US to increase military presence in Middle East amid rising tensions

The US Defense Department will move a fighter jet squadron to the Middle East and maintain an aircraft carrier in the region, the Pentagon said, as President Joe Biden made good on his promise to beef up the American military presence to help defend Israel from possible attacks by Iran and its proxies and also safeguard US troops. Aug 3, 2024