RBI APPLIES BRAKE ON REPO RATE HIKE

ducts six bi-monthly reviews of its monetary policy in a financial year.

New Delhi: The Supreme Court said on Thursday a lawyer accused of spreading false information about attacks on migrant labourers from Bihar in Tamil Nadu should be “more responsible” and asked him to tender an apology. Court was hearing two pleas filed by advocate Prashant Kumar Umrao, whose verified Twitter handle says he is a spokesperson for UP BJP, including the one challenging a condition imposed on him by the Madras High Court while granting anticipatory bail in the case.

MAHA: UPSET OVER HAIR CUT SHORT, TEEN ENDS LIFE

Thane: Angry over a hair cut, a 13-year-old boy allegedly jumped to death from a high-rise in Bhayandar area, police said on Thursday. The incident took place on late Tuesday night, said an official. The boy, who was studying in Class 8, was upset after a relative took him for a trim and his hair was cut short, according to his family. Around 11.30 pm, he jumped from the window of the bathroom of their 16th floor flat, the official said. He was found lying in a pool of blood in the compound.

Mumbai (ANI): The Reserve Bank of India, in its first monetary policy review meeting in 202324, decided to keep the key benchmark interest rate — the repo rate — unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday.

The central bank con-

Five out of six members of MPC voted to remain focused on the policy stance of ‘withdrawal of accommodation’ to ensure inflation aligns with the target while focusing on growth, RBI Governor Shaktikanta Das said at the postmeeting remarks.

Shaktikanta Dasheaded Monetary Policy Committee (MPC) conducted its three-day meeting on April 3, April 5 and April 6 even

IN FULL BLOOM!

as the central bank has raised the repo rate by 250 basis points cumulatively since May 2022.

At the last MPC meeting of the RBI in early February, it decided to raise the repo rate by 25

3-DAY MEETING HELD FROM APRIL 3 TO 6 basis points to 6.5 per cent to manage inflation.

Mumbai: RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) conducted its threeday meeting on April 3, April 5 and April 6 even as the central bank has raised the repo rate by 250 basis points cumulatively since May 2022.

At the last MPC meeting of the RBI in early February, it decided to raise the repo rate by 25 basis points to 6.5 per cent to manage inflation.

Raising interest rates is a monetary policy in- strument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.

Retail inflation had again been staying above the RBI’s tolerance limit of 6 per cent for two consecutive months since January. In February, India’s retail inflation stood at 6.44 per cent, while in January, it was at 6.52 per cent.

India’s retail inflation was above RBI’s 6 per cent target for three consecutive quarters and had managed to fall back to the RBI’s comfort zone only in November 2022.

Special yoga session for G-20 delegates at Dharamshala

Dharamshala (PTI):

G-20 delegates at the Research and Innovation Gathering here on April 19 and 20 will also take part in a special yoga session.

District Collector Nipun Jindal said 70 delegates including top scientists, policy-makers and experts from different countries will participate in the ‘Research and Innovation Initiative Gathering’.

Apart from discussing science and technology, the delegates would also do yoga exercises, he said.

Ayush department trainers will conduct the special session on

April 20 at 6.30 am, he said.

Jindal said the delegates will reach Dharamshala on April 18 for the conference, and will be accorded traditional welcome at the airport.

“It is a matter of pride that Dharamshala has been chosen for the G-20 meeting. This will give us an opportunity to introduce our guests to the cultural uniqueness, diversity and beauty of Kangra and Himachal.” he said.