February 14, 2026

revises

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RBI keeps repo rate at 5.5%: Central bank projects inflation at 2.6% for FY26; revises GDP growth upward to 6.8%

contact@dailyupdatesindia.com03 mins

The Reserve Bank of India (RBI) on Wednesday lowered its FY26 inflation forecast to 2.6% from 3.1%, while revising India’s GDP growth upward to 6.8% on the back of a good monsoon and GST rate rationalisation. The central bank also kept the policy repo rate unchanged at 5.5% for the second straight review.The decision comes…

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Indian Railways revises contract conditions: Introduces localisation, price variation clauses; compliance with GST norms in focus

contact@dailyupdatesindia.com02 mins

Indian Railways has revised its standard conditions of contract for tenders, introducing localisation and price variation clauses while emphasizing maintenance during contract execution, officials said. The changes aim to make procurement more flexible and reduce litigation.“Contractors can replace faulty or rejected goods within 60 days of being informed of defects. They had just 21 days…

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