As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.
Announcing the decision of the MPC after its three-day deliberations, RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.
Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24.
As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues including potential agricultural produce.
Das also said uncertainty exists due to geopolitical situation, monsoon and others.
The MPC met on October 4-6.
IMD and TU signs MoU for indigenous lightning detection system development
In a significant step towards enhancing India's capabilities in weather monitoring and research, a Memorandum of Understanding (MoU) was signed between the India Meteorological Department (IMD) and the Department of Physics, Tripura University.
Tripura Chief Minister hails Officers for promoting transparency in governance
Chief Minister Prof. Dr. Manik Saha today said that officers in the state government are playing a key role in making the administration corruption-free which is an example of Good Governance.
NEC Plenary to usher development for Tripura: CM
Tripura Chief Minister Prof. Dr. Manik Saha today said that the recently held Plenary Session of the North Eastern Council (NEC) will greatly benefit the state and other North Eastern states; as such meetings will bring more development works to this region.
Directorate of Revenue Intelligence seizes drug items worth Rs 56.525 Cr this December; 15 persons detained
In a major crackdown on the smuggling and trafficking of contraband narcotic drugs and psychotropic substances, the Directorate of Revenue Intelligence (DRI) carried out a focused operation in the month of December 2024 in the North Eastern Region.
CPI(M) opts for young leaders in Tripura, chooses 87 pc new faces in divisional committees
Around 87 per cent of new faces were elected as secretaries in the CPI(M)’s Divisional Committees in Tripura replacing old guards, a party leader said here on Tuesday.
PCC urges CM to disclose NEC's decisions before public
Tripura Congress President Asish Kumar Saha on Tuesday wrote a letter to the Chief Minister Prof. Dr. Manik Saha urging him to inform the citizens of the Tripura about what decisions were taken in the NEC Plenary Session for the development of Tripura and this region.
Tripura making significant strides towards rapid development: CM Dr Saha
Tripura Chief Minister Prof. Dr. Manik Saha today said that the present state government is committed to delivering good governance to all sections of society, with the state making significant strides towards rapid development.
Lok Sabha MP Biplab Kumar Deb slams Congress's dynastic politics
Former Tripura Chief Minister and current Lok Sabha MP, Biplab Kumar Deb, on Monday launched a scathing attack on the Congress party's dynastic politics, accusing it of surrendering power to the communists in the state due to family-based succession.