Photo: Business Standard
The Reserve Bank of India (RBI) on October 8 issued its new report in which it has kept the repo rate unchanged at 4% and reverse repo rate at 3.35%. Reportedly, the decision ''by a majority of 5-1'' will push India's economic growth and recovery. Notably, the repo rate is the lending rate of RBI to commercial banks while RBI takes loans at the reverse repo rate from the banks.
The UK is pushing for a cut in customs duty on electric vehicles in the ongoing negotiations for signing a free-trade deal with India, a senior official confirmed. At present there is a customs duty of 60 per cent on imported cars priced below $… read-more
TAGS: India-UK Free Trade Deal, PM Modi, PM Rishi Sunak, Electric Vehicles
With the aim of making X, formerly known as Twitter, an all-app platform, Tesla CEO and X owner Elon Musk announced that X would soon be announced as a dating platform. Interestingly, the speculations of X being a relationship platform came after… read-more
TAGS: X Platform, Dating App, Elon Musk, Technology, Finance
Attrition at some private sector banks is "high" and the RBI is "closely" looking at the issue, Governor Shaktikanta Das said on Tuesday. Speaking at the annual BFSI Insight Summit organized by the Business Standard, Das said this is an… read-more
Elon Musk is once again caught attention of netizens for his bizarre suggestions to Mark Zuckerberg, the founder of Facebook. In a tweet, Elon Musk said, he will pay $1 billion to Facebook owner, if he changes the name to Faceboob. The response… read-more
TAGS: Facebook, Mark Zuckerberg, Elon Musk, Name Change, Tesla CEO
The Reserve Bank of India (RBI) has appointed Manoranjan Mishra as Executive Director. As the Executive Director (ED), Manoranjan Mishra will look after the Enforcement Department, Risk Monitoring Department, and Department of External… read-more
TAGS: RBI, manoranjan mishra, RBI Executive Director, Economic Graduate, National
Slain gangster-politician Atiq Ahmed's Benami Property, worth Rs 12.5 crore was attached by the Uttar Pradesh Police in Prayagraj's Katahula area on Monday. The confiscated land was spread across 5.0510 hectares, and was purchased and registered… read-more
TAGS: Benami Asset, Land, Farmers, gangster atiq ahmed, Uttar Pradesh
