This is the tenth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
The meeting has been scheduled for February 14 where she would be addressing the board members and talk about announcements made in the Budget to perk up growth hit by three waves of COVID-19, sources said.
Benchmark indices started the session weak as investors remained cautious assets ahead of RBI's policy meet. However, the selling pressure deepened in the afternoon trade, they added.
Lata Mangeshkar, whose voice struck an instant chord of recognition with generations of South Asians and is considered one of India's greats, died in a Mumbai hospital on Sunday due to multiple organ failure.
Bharti Airtel will invest up to Rs 17,000 cr on transactions with Indus Towers in next 4 financial years and Rs 20,000 cr in 2025-26, the filing said on Feb 5.
With the company deciding to go all-electric globally from 2033, it is a matter of time for local production of its electric cars, which has so far received a robust response in India.
A top government source, who wished not to be identified said, the digital currency issued by the RBI would be numbered in units, just like every fiat currency has an unique number.
LIC offers concessions in late fee for other than term assurance and high risk plans, depending on the total premiums paid.
The car, a Rolls Royce Cullinan petrol model, was registered by RIL at the Tardeo Regional Transport Office in South Mumbai on Jan 31, officials aware of the matter said.
SBI was the top loser in the Sensex pack, shedding nearly 2 per cent, followed by M&M, NTPC, Kotak Bank, Bajaj Finserv, HDFC and PowerGrid.
Consequent to the bloodbath, Zuckerberg personally lost 23.34 pc of his net worth. At $87.7 bn, he slipped to No 12 in the Forbes real-time billionaires index- marginally behind India's Mukesh Ambani and Gautam Adani.
“We have been projecting a quite robust growth for India. Yes, there is a small downgrade versus our previous projection from 9.5 pc to 9 pc for 2022. But then we also have a small upgrade for 2023, because we think that we'll see stable growth not very different from (those projected by) the (Union) Minister of Finance,” Georgieva said
Introduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.
MPs have been asked to hold a press conference in their parliamentary constituency on February 5, 6, 12 and 13 and the party officials in all the districts will promote the key points of the budget.
H&M Home offers fashion-forward decor and accessories for every room and style. Its assortment ranges from high-quality bedlinen and dinnerware to diversified textiles, with contemporary style.
Bitcoin, Ethereum, or NFT will never become legal tender. Crypto assets are assets whose value will be determined between two people. You can buy gold, diamond, crypto, but that will have not have the value authorization by the government, Finance Secretary said.
Finance Minister Nirmala Sitharaman had announced that India will launch a 'digital rupee' in 2022-23 using blockchain and other technologies.
FM Nirmala Sitharaman had allocated Rs 73,000 cr for Mahatma Gandhi National Rural Employment Guarantee Programme in last year's budget too. However, this was later revised to Rs 98,000 cr on account of higher demand for the work.
The announcement comes in the backdrop of the lingering border standoff in eastern Ladakh and concerns in the security establishment over China setting up villages in several sectors close to the Line of Actual Control (LAC).
The Government proposed to introduce Digital Rupee, using blockchain and other technologies, to be issued by the Reserve Bank of India starting 2022-23 for more efficient and cheaper currency management system.
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