RBI holds rates again to keep inflation down
The New Indian Express Madurai|December 07, 2024
In balancing act, cuts cash reserve ratio and frees up ₹1.16 lakh crore to support growth
BENN KOCHUVEEDAN @Mumbai
RBI holds rates again to keep inflation down

THE Reserve Bank of India (RBI) on Friday chose to stay the course on inflation control, refusing to make any knee-jerk reaction to the growth slump reported in the second quarter with a repo rate cut.

RBI's monetary policy committee (MPC) led by governor Shaktikanta Das decided to maintain the repo rate at 6.5% for the 11th time on the trot. The last time it changed the repo rate—the interest rate at which RBI lends money to commercial banks—was in February 2023, when it raised it by 25 basis points.

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The New Indian Express Madurai

From playing with bamboo stick to Arjuna award

GROWING up, when Salima Tete fashioned hockey sticks out of bamboo to practice with, she would have hardly guessed that one day she would lead the Indian women's hockey team.

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2 mins  |
January 18, 2025
The New Indian Express Madurai

BPCL signs loan agreement worth ₹31,802 crore

BHARAT Petroleum Corporation Limited (BPCL) has signed a loan agreement worth ₹ 31,802 crore with a consortium of six lenders led by the State Bank of India.

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1 min  |
January 18, 2025
The New Indian Express Madurai

SpaDex docking a step towards Indian space station by '35: Singh

UNION minister Jitendra Singh said on Friday that an Indian space station would be established by 2035 and the successful docking of satellites through SpaDex is a major breakthrough in that direction.

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1 min  |
January 18, 2025
The New Indian Express Madurai

234 posts vacant, states told to send IPS officers for Central deputation

FACING an acute shortage of officers in various ranks in central agencies and paramilitary forces, the Centre has written to the states asking them to make a conscious attempt to send names of Indian Police Service (IPS) officers for central deputation to fill around 234 posts, officials said on Friday.

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1 min  |
January 18, 2025
The New Indian Express Madurai

Crime Cases Down Within Madurai City Limits in 2024

While rape cases dropped by 85%, Pocso cases increased slightly than last year: Commissioner

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2 mins  |
January 18, 2025
The New Indian Express Madurai

'Savukku' granted bail in case related to spreading false info on land-fraud probe

THE Madras HC has granted bail to YouTuber Savukku Shankar in connection with a case registered on the charges of spreading false information about a land-fraud investigation causing 'alarm' among the people and 'instigating them to do offence' against the state and public tranquility.

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1 min  |
January 18, 2025
The New Indian Express Madurai

Severe snowfall covers high peaks, harsh winter disrupts life in U'khand

UTTARAKHAND has been experiencing a harsh winter over the past 36 hours, with heavy snowfall affecting the region significantly.

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1 min  |
January 18, 2025
The New Indian Express Madurai

3 Lawyers of Late Russian Opposition Leader Navalny Jailed

THREE lawyers who once represented the late Russian opposition leader Alexei Navalny were convicted by a court Friday as part of the Kremlin's crackdown on dissent that has reached levels unseen since Soviet times.

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1 min  |
January 18, 2025
The New Indian Express Madurai

Hero Launches 4 New Products at the Auto Expo

THE country's largest two-wheeler maker Hero MotoCorp launched four new products at the Bharat Mobility Global Expo 2025.

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1 min  |
January 18, 2025
The New Indian Express Madurai

65 file papers as Erode bypoll

DMK's VC Chandirakumar, NTK's MK Seethalakshmi submit nomination; scrutiny today

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2 mins  |
January 18, 2025