RBI monetary policy: Repo rate kept at 5.25% – what’s the GDP, inflation outlook & what does status quo mean for your EMIs, fixed deposits?

The Reserve Bank of India (RBI)-led Monetary Policy Committee (MPC) on Friday kept the repo rate unchanged at 5.25% in line with expectations from market analysts and economists. The decision to hold the repo rate was driven by resilient GDP growth and benign inflation, amid global headwinds.“After a detailed assessment of the evolving macroeconomic conditions…

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HC scraps 1,600 supernumerary teachers’ posts in WB schools | India News

KOLKATA: Calcutta HC on Thursday set aside a Bengal notification creating 1,600 supernumerary posts following a cabinet decision in May 2022 for absorption of candidates on waitlist in state-level selection test 2016 for recruitment of physical education & work education teachers in upper primary of state-run schools.HC junked the notification, questioning validity of the decision-making…

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West Bengal: Bharatpur MLA Humayun Kabir’s son held on PSO assault complaint; gets bail | India News

Bharatpur MLA Humayun Kabir’s son held on PSO assault complaint BEHRAMPORE: Police on Sunday surrounded Bharatpur MLA Humayun Kabir‘s Shantipur residence in Murshidabad’s Manikyahar and took his son Golam Nabi Azad alias Rabin in for questioning after constable Jumma Khan, one of Kabir’s three personal security officers, alleged that Rabin had assaulted him when he…

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Crypto deal: Pakistan, Binance sign MoU on tokenising sovereign assets; plan covers up to $2 bn

Pakistan on Friday signed a memorandum of understanding (MoU) with global crypto exchange Binance to explore tokenisation of sovereign and real-world assets of up to $2 billion, marking one of the country’s most significant steps toward adopting blockchain-based financial infrastructure, PTI reported.The MoU was signed at the Finance Division by Finance Minister Muhammad Aurangzeb and…

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Tech rules clash: EU slaps €120 million fine on Elon Musk’s X; says platform misled users and blocked researchers

European Union regulators on Friday fined Elon Musk’s social media platform X 120 million euros ($140 million) for violating the bloc’s Digital Services Act (DSA), saying the platform’s practices could expose users to scams, manipulation and opaque advertising, according to an ET report.The European Commission announced the penalty after completing an investigation it launched two…

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