RBI retains repo rate at 6.5 pc for fifth time in a row
Mumbai (PTI): The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation.
The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent.
He said the MPC will remain "actively disinflationary".
According to him, the growth projection has been raised to 7 per cent for the current financial year from 6.5 per cent earlier.
The central bank projected the Consumer Price-based Inflation (CPI) based retail inflation at 5.4 per cent for the current fiscal.
The MPC meeting took place against the backdrop of inflation declining to 4.87 per cent in October. The November print of inflation is expected to be released next week.
The government has mandated the RBI to keep CPI inflation at 4 per cent with a margin of 2 per cent on either side.
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BJP takes out torch rally in Ranchi over women's quota bill
Ranchi (PTI): Jharkhand BJP on Tuesday took out a torch rally in Ranchi against the Congress-led opposition alliance for allegedly obstructing the implementation of the women's reservation bill in the Lok Sabha.
Led by the BJP women's wing, the 'Mahila Aakrosh Mashal Yatra' was taken out from Ranchi's Jaipal Singh Stadium to Albert Ekka Chowk.
Jharkhand BJP president Aditya Sahu, who also took part in the procession, said, "By opposing the Women's Reservation Bill, the Congress-led opposition alliance in Lok Sabha has committed an injustice against women in the country. The people will never forgive them."
Union Minister of State for Defence Sanjay Seth said, "Historic decisions are being taken to empower women under the leadership of Prime Minister Narendra Modi, but the opposition is obstructing women's rights due to its narrow politics."
Jharkhand BJP women's wing president Aarti Singh said that the women of Jharkhand have now awakened and are ready to fight to any extent for their honour and rights.
