RBI pauses rate cut spree, cuts GDP growth to 5%



“The Monetary Policy Committee recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture,” the RBI said in its fifth bi-monthly monetary policy for this fiscal.



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It's confirmed, India to ban e-cigarettes



The bill defines electronic cigarettes ss electronic devices that heat a substance, which may contain nicotine and other chemicals, to create vapour for inhalation.



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Slowdown is almost entirely due to salaried persons



‘Unless income grows fast enough to outpace price inflation in services, which are in demand because of urbanisation, the consumption of industrially produced things will begin to slow down,’ says TCA Srinivasa Raghavan.



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Retail inflation inches up to 10-month high of 3.21%



The RBI, which mainly factors in CPI for arriving at its bi-monthly monetary policy, has been mandated by the government to ensure that inflation remains at 4 per cent, with deviation of 2 per cent on either side.



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Tata Steel to shut 2 UK sites; 400 jobs at stake



The announcement evoked a sharp response from the UK and Ireland’s largest trade union, Unite, which said it would fight for every job and demanded that there would be no compulsory redundancies from Tata Steel.



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July retail inflation eases to 3.15%



Currently, the retail inflation is well below the RBI’s comfort level. The government has asked the central bank to keep inflation in the range of 4 per cent.



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Subramanian's GDP claim has stirred up hornet's nest



Subramanian’s paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers.



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What cost more and what cost less in 5 yrs of NDA rule



The rates of price rise in many services used by the common man, including hospital and nursing, cook, domestic help and bus (fare), among others, have also touched double digits during the last four years, putting a burden on disposable income.



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