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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More bad news, Goldman pegs FY20 GDP growth to 5.3%



The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.



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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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Sensex, Nifty end flat in volatile trading



Investors turned cautious weighing weak GDP numbers and continued drop in automobile sales, bringing banking and auto sector stocks under pressure.



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