RBI likely to hold repo rate at 5.25% amid inflation risks from Middle East crisis

The Reserve Bank is expected to keep the benchmark repo rate unchanged at 5.25% in its April monetary policy review, as rising inflation risks linked to the Middle East crisis cloud the outlook, according to a poll of economists cited by PTI.Geopolitical tensions, volatile commodity prices and sharp currency movements — with the rupee hitting…

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‘Mischievous and must be opposed’: Chidambaram slams Centre’s move to convene Parliament at poll time | India News

NEW DELHI: Congress leader and former Union minister P Chidambaram on Sunday slammed the Centre’s decision to convene Parliament just days ahead of polling for the assembly elections in Tamil Nadu and West Bengal.In a social media post, Chidambaram termed the Centre’s proposal “mischievous” and alleged that it was designed to exclude MPs from the…

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State-run oil firms to pay discounted refinery rates as fuel prices stay frozen despite crude surge

In a first since fuel price deregulation, state-run oil marketing companies (OMCs) have moved to pay discounted rates to refineries for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses arising from a self-imposed freeze on retail fuel prices, sources told PTI.OMCs on March 26 fixed rates for petroleum products at discounts…

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‘Politically motivated lies’: Himanta Biswa Sarma rejects Pawan Khera’s allegations, vows to file defamation case | India News

NEW DELHI: Assam chief minister Himanta Biswa Sarma on Sunday hit out at Congress leader Pawan Khera over his allegations related to his family’s assets and financial dealings. Sarma said that he and his wife Rinki Bhuyan Sarma will file criminal and civil defamation cases against the Congress leader within the next 48 hours.The sharp…

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