Repo rate retained at 6 percent- Reserve Bank of India remains even

Reserve Bank of India RBI, its monetary policy committee has retained the short-term-pending rate or Repo rate at 6 percent, unchanged during the fifth bi-monthly review of policy during the current fiscal year. this decision was on the expected lines as 95 percent (52 out of 54) of the financial expert's survey poll were sure that policy rate will be retained.

Seven-year low policy rate is still retained. Sine the committee reduced the key lending rate by 25 basis points in August 2017.

Inflation statistics in the past five months revealed a rise in the cure oil prices, G.S.T rates, and loss-making varients due to risk factors during the current financial year. Experts believe US Federal Reserve intends to up the interest rate in the next week's policy review, has forced the Monetary Policy committee to retain the rate cut.

RBI forces inflation to remain between 4.3 to 4.7 percent till 31st March 2018. Even though vegetables are costlier, non-arrival of vegetable during productive winter, the prices are subject to change. Pulses rate are in the fall since GST rates reduced on several retail goods and service to lower tax, which should have a bearing on retail prices in future.

Farm loan waivers by some states, roll back partly on excise duty and VAT on some petroleum products thereby decrease in revenue may have its effect on inflation.

 

Fashion

Dec 182018
The Philippines’ Catriona Gray was named Miss Universe 2018 in a competition concluding on Monday in Bangkok, besting contestants from 93 other countries and delighting her home country.

Entertainment

Nov 272018
ദേശീയ / സംസ്ഥാന അവാര്‍ഡുകള്‍ക്ക് പരിഗണിക്കുന്നതിനുള്ള വിവിധ വിഭാഗം സിനിമകള്‍ (ഫീച്ചര്‍, ഷോര്‍ട്ട് ഫിലിം, ഡോക്യുമെന്ററികള്‍, കുട്ടികളുടെ ചലചിത്രങ്ങള്‍ മുതലായവ) ഫിലിം സര്‍ട്ടിഫിക്കേഷനും  സ്‌ക്രീനിംഗി