Will new RBI Guv cut rates to boost growth in 2025?
The Free Press Journal|December 23, 2024
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth.
Will new RBI Guv cut rates to boost growth in 2025?

Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.

Sanjay Malhotra, another civil servant, was named as Das' successor barely 24-hour before the latter's second three-year term came to an end.

The Reserve Bank of India (RBI) under Das kept interest rates unchanged for almost two years even when economic growth slipped to a seven-quarter low in July-September quarter of the current fiscal.

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The Free Press Journal

Trump's order to impact millions of Indian-Americans

Donald Trump's first day as the 47th President of the United States was marked by a significant move to reshape the country's immigration landscape. He signed an executive order that targets multiple immigration laws, including the long-standing principle of birthright citizenship. This move has sparked intense debate and is expected to face formidable legal challenges.

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1 min  |
January 22, 2025
The Free Press Journal

Pehchaan Kaun?

Bhuvan Bam debuts clean-shaven look; sources confirm it's for new acting project

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1 min  |
January 22, 2025
The Free Press Journal

Transport dept's camp office may come under probe agencies' radar

Many people may come under the scanner of probe agencies after the raids on the residential premises of former constable of the transport department Saurabh Sharma.

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1 min  |
January 22, 2025
Djokovic beats Alcaraz, gets closer to 25th Slam title
The Free Press Journal

Djokovic beats Alcaraz, gets closer to 25th Slam title

Novak Djokovic refused to let anything stop his pursuit of a record 25th Grand Slam trophy in the Australian Open quarterfinals.

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1 min  |
January 22, 2025
The Free Press Journal

Taylor Swift to perform at Adani wedding?

Reports suggest she has been approached to perform at the pre-wedding festivities of Jeet Adani, son of businessman Gautam Adani

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1 min  |
January 22, 2025
The Free Press Journal

Walking through time in Nashik

Having grown up in Juna Nashik, it was only when Amrita Gangatirkar left home and later brought back friends from Mumbai that she looked at the town on the banks of the mighty Godavari as a city of wonders.

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1 min  |
January 22, 2025
The Free Press Journal

Team India Aim Fresh Start

Shami's comeback in focus as World champions take on England

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1 min  |
January 22, 2025
How will BJP's aggression affect the 'Mahayuti' ahead of civic polls?
The Free Press Journal

How will BJP's aggression affect the 'Mahayuti' ahead of civic polls?

Most insiders now feel that there are indications that the alliance partners of the BJP will decide to fight alone in the upcoming civic polls

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3 dak  |
January 22, 2025
Will be present at time of waste burning at Ramky, says div comm
The Free Press Journal

Will be present at time of waste burning at Ramky, says div comm

Dhar collector says that claims made by 'so-called' experts are baseless, burning process is safe and secure

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1 min  |
January 22, 2025
The Free Press Journal

Man Torches SUV, Self

Chaos prevailed at the district collectorate after a man torched his SUV during the public hearing on Tuesday and tried to immolate himself.

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1 min  |
January 22, 2025