The bright growth prospects of the Indian economy in 2024-25 supported by strengthening rural demand, rising consumer confidence, optimism on employment and income, strong prospects of the manufacturing and services sectors are among the factors cited by Reserve Bank of India Governor in pushing for a vote to keep the policy repo rate unchanged at 6.50 per cent. “The strong growth momentum, together with our GDP projections for 202425, give us the policy space to unwaveringly focus on price stability. Price stability is our mandated goal and it sets strong foundations for a period of high growth,“ said Das, emphasising on continuity with withdrawal of accommodation, at the 48th meeting of the Monetary Policy Committee of the RBI (April 3-5), 2024, the minutes of which were released on Friday. The meeting also saw members Shashanka Bhide, Ashima Goyal, Rajiv Ranjan, Michael Debabrata Patra and Shaktikanta Das voting on status quo. The MPC underlined the strong momentum in the domestic economy, the GDP expansion at 7.6 per cent in 2023-24 on the back of buoyant domestic demand, strong investment activity and a lower drag from net external demand.
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BJP's Purvanchali leader Anil Jha joins AAP
The BJP's Purvanchali leader and two-time former MLA from Kirari, Anil Jha, joined the Aam Aadmi Party (AAP) in the presence of party supremo Arvind Kejriwal on Sunday.
Two men arrested for cheating in fake currency exchange scheme
According to the officer, the duo would use genuine dollars initially to gain the victims' trust before handing over bundles of paper disguised as cash in exchange for money.
KAILASH GAHLOT RESIGNS AS DELHI TRANSPORT MINISTER, QUITS AAP
AAP leaders said Gahlot was facing ED probe and had no option but to join the BJP
BJP forms 12-member committee for assembly polls manifesto
BJP has announced the formation of the election manifesto committee to prepare a vision document and list promises for the upcoming assembly elections in Delhi.
Pressure from ED, CBI forced Gahlot to quit: AAP
AAP's national chief spokesperson Priyanka Kakkar alleged that the ongoing investigations against Gahlot and his family had left him with no choice but to join the BJP
Crime Branch arrests sharpshooter of Neeraj Bawania gang
An alleged sharpshooter of the Neeraj Bawania gang who was involved in a double murder in Delhi's Subhash Place area in 2014, was arrested from Sonepat in Haryana, police said on Sunday.
Delhi Assembly elections a âdharamyudhâ like Mahabharata, says Kejriwal
AAP national convener Arvind Kejriwal compared the upcoming Delhi Assembly elections to a 'dharamyudh'--a righteous battle akin to the one in the Mahabharata.
Kerala High Court: Assessing Authority Cannot Reassess Prior Years Without Inquiry While Determining Relevant Year's Assessment [Income Tax]
The Kerala High Court in the case Kings Infra Ventures Ltd. v. The Assistant Commissioner of Income Tax observed and has stated that while determining the assessment of relevant years assessing authority cannot determine the assessment for earlier years without enquiry.
Himachal Pradesh High Court Upholds Levy Of GST On Mining Royalty Payable Under Mining Concession Granted By State
The Himachal Pradesh High Court in the case M/s Lakhwinder Singh Stone Crusher v. Union of India & ors. observed and has dismissed a writ petition challenging notifications issued by the Central government for levy of GST on Royalty paid by a Mineral Concession Holder for mining concession granted by the State.
SC Issued Notice To Delhi Tree Authority And Officers: 'What Procedure Followed In Tree Felling?'
The Supreme Court in the case MC Mehta versus The Union Of India And Ors observed and has issued notice to the Tree Authority and the Tree Officers who are being appointed under the Delhi Preservation of Trees Act, 1994, in a petition filed seeking to prevent the Delhi government in order to permit tree felling under the Act without prior permission from the court.
