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The Reserve Bank of India’s Monetary Policy Committee (MPC) may cut rates by 25 basis points in its September meeting, according to a report by State Bank of India (SBI).The report highlighted that a rate cut in September makes sense, as inflation is already under control and is expected to ease further.The report warned that…
Commerce and industry minister Piyush Goyal on Saturday unveiled a set of integrated logistics plans aimed at reducing transaction cost of industry.The pilot programme has started in eight cities across eight states and is designed to review existing logistics infrastructure, spot gaps, and provide a roadmap for improving efficiency and reducing costs, the ministry said.Goyal…
Amul’s parent company, Gujarat Cooperative Milk Marketing Federation (GCMMF), on Saturday announced reducing the retail prices of more than 700 product packs, passing the benefits of recent GST reforms to consumers. The price reduction covers a wide range of products, including ghee, butter, ice cream, bakery items, and frozen snacks, with the new prices taking…
NEW DELHI: From Monday, consumers looking to upgrade their homes will find appliances like air conditioners and dishwashers much lighter on the pocket. Leading brands have slashed prices by up to Rs 4,500 on ACs and Rs 8,000 on dishwashers, passing on the benefits of the GST Council’s recent decision to cut tax from 28%…
NEW DELHI: Himachal Pradesh faced more rain-related damage on Friday after fresh landslides were reported across the state, already battered by heavy rains this monsoon. In Shimla, a landslide near St Edwards School in the Himland area forced the administration to shut the school for two days. The slide also blocked the city’s Circular Road,…
The Goods and Services Tax (GST) Council’s decision to shift from four slabs to a simpler two-rate structure of 5 per cent and 18 per cent from September 22 is unlikely to weigh on government finances, ratings firm Crisil has said.In its latest report, Crisil noted that the government has estimated a short-term annualised revenue…
(Picture Courtesy: Facebook) Bollywood star Deepika Padukone has officially stepped away from ‘Kalki 2898 AD’ sequel. According to the reports, Deepika’s character, Sumathi aka SUM-80, was initially central to the sequel but was later reduced to a cameo and this is said to be the reason for her exit from the project.As reported by India…
Federal Reserve policy adjustments influence consumer costs for various financial products. (AI image) How does the US Federal Reserve’s decision to cut the benchmark rate by 25 basis points to the 4-4.25% range impact the lives of common people in America? The Federal Reserve establishes the federal funds rate, which governs inter-bank lending practices. Although…
Wall Street surged toward new record highs on Thursday, led by technology stocks, after Nvidia announced a $5 billion investment in Intel and the Federal Reserve delivered its first interest rate cut in nine months. The S&P 500 rose 0.4 per cent in early trade, poised to surpass its all-time high set earlier this week,…
Maruti Suzuki India, the country’s largest carmaker, on Thursday said it will cut vehicle prices by up to Rs 1.29 lakh from September 22, passing on the benefit of a GST rate reduction to customers.According to the company’s regulatory filing, entry-level model S-Presso will see the steepest reduction of Rs 1,29,600, followed by Alto K10…
