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    RAM SINGH

    RBI flags widening inflation risks, puts rate cuts on ice

    RBI's Monetary Policy Committee raised the benchmark repo rate by 25 basis points to address rising inflation concerns. Governor Sanjay Malhotra indicated a generalisation of inflation, with many commodities exceeding 4% inflation. Deputy Governor Poonam Gupta highlighted the influence of external supply-side shocks on inflation projections. External members expressed concerns about the implications of an aggressive rate hike on economic growth.

    Inflation remains top of mind, MPC minutes show

    RBI's monetary policy committee has increased the benchmark repo rate by 25 basis points due to inflation concerns. Core inflation has shown an upward trajectory, indicating a normalization from earlier benign levels. Various members expressed views on external supply shocks impacting inflation expectations and the need for timely policy adjustments. The differing opinions highlight the complexities of achieving growth while managing inflation effectively.

    Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT Jaipur

    Senior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT Jaipur order explained.

    More RBI rate hikes loading? Decoding what Malhotra's 'caliberated tightening' stance means

    The Reserve Bank of India has increased the repo rate to 5.50% after maintaining it for several months. This shift to a calibrated tightening stance indicates a focus on controlling inflation risks. Retail inflation rose recently, prompting the central bank to adjust its policy outlook for the future. While growth remains firm, inflation now takes priority in decision-making.

    RBI raises policy rates 25 bps to tame inflation as India hurdles growth barriers

    The Reserve Bank of India has unanimously decided to increase the benchmark repo rate by 25 basis points. This decision was made amid rising inflation projections and increasing US bond yields. The bank also revised its economic growth forecast for FY27 to 7.1%, indicating strong economic activity. Inflation is expected to reach an average of 5.2% through FY27, affecting consumer prices.

    India's cultural, civilisational renaissance remained incomplete after Independence: Rajnath Singh

    Defence Minister Rajnath Singh stated India's cultural renaissance remained incomplete after independence. He attributed this to appeasement politics and a distorted secularism concept. Singh highlighted India's ongoing cultural and civilisational renaissance under Prime Minister Modi. He emphasised strengthening national consciousness through heritage awareness for progress. India's achievements in defense, economy, and poverty reduction were also noted.

    The Economic Times
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