What Factors Led the RBI to Keep Repo Rate Unchanged?

The Monetary Policy
Committee (MPC), at its meeting (June 8, 2023) agreed to: Maintain the policy
repo rate at 6.50 percent based on an evaluation of the existing and changing
macroeconomic conditions.

The rates for the bank
rate, the marginal standing facility, and the standing deposit facility (SDF)
remain the same at 6.25 percent and 6.75 percent, respectively.

The MPC also made the
decision to continue concentrating on the withdrawal of
accommodation to make sure that inflation gradually aligns with the objective
while fostering growth.

These choices are in
line with the goal of promoting growth while meeting the medium-term aim for
consumer price index (CPI) inflation of 4% within a range of +/- 2%.Read Also This: Climate Change Poses a Threat to India’s Economy

Global
Outlook:

The global economy is
still growing in the second quarter of 2023 despite continued high but dropping
inflation, tighter financial conditions, stress in the banking industry, an

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Interesting Insights about the Shri Jagannath Puri Rath Yatra

Beginning on June 20, 2023, is the Shri Jagannath Puri Rath
Yatra. Continue reading to learn more about the famed Yatra’s fascinating
history as the preparations for the massive event unfold.

Along with his siblings Balbhadra and Subhadra, Lord Jagannath
will embark on his journey. The journey will start at the well-known Puri
temple.

The Puri Rath Yatra, which honours Lord Jagannath, his sister
Subhadra, brother Balbhadra, and other family members, is the oldest chariot
celebration. The gods’ yearly journey on three enormous wooden chariots is
visible from the road that runs between the famous Puri Jagannath Temple and
the Gundicha Temple. Read Also This: PM Modi – Rishi Sunak’s friendship was seen on the world stage, Ministry of External Affairs wrote “strong-friendship”In order to participate in the Lord’s yatra, priests and
followers pull the three vehicles with ropes. This event is truly breathtaking,
which is why it draws admirers from all around the world.The p

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Reliance Foundation outlines 10-point assistance initiatives for Odisha railway accident victims; Disaster Management Team sent to help relief operations

The
Reliance Foundation offers its condolences in the most sincere manner to the
families of those who died in the unfortunate train disaster in Odisha. Our
special disaster management team was dispatched to the spot as soon as the
accident was notified to speed up rescue operations. Our crew is supporting and
helps the injured 24 hours a day.

Although loss
cannot be reversed, we are devoted to supporting families devastated by loss as
they rebuild their lives and get ready for the future. We are introducing a
10-point programme with this as our sober objective in order to continuously
support individuals impacted by this sad occurrence.

Following
the railway tragedy in Balasore, Odisha, on June 2, Ms. Nita Ambani, the
founder and chairperson of Reliance Foundation (RF), said in a statement, “Our Foundation, along with the wider
Reliance family, stands as a pillar of strength alongside the affected
communities in these difficult times.”

Read also this: Climate Ch

View More Reliance Foundation outlines 10-point assistance initiatives for Odisha railway accident victims; Disaster Management Team sent to help relief operations

The RBI maintains its repo rate at 6.5% and continues the withdrawal of accommodation

The Reserve Bank of India kept the policy repo rate at 6.5%.
According to experts, the lowering of retail inflation in April, as well as the
possibility of an additional drop, demonstrates the positive impact of recent
policy rate measures. Das stated that the MPC, with a majority of five out of
six members, will continue to focus on withdrawing stimulus to ensure that
inflation gradually aligns with the objective while sustaining growth.Read Also this: Climate Change Poses a Threat to India’s EconomyOTT India updates you with the latest news, Country’s no.1 digital news platform OTT India, Keeps you updated with national, and international news from all around the world. For more such updates, download the OTT India app on your Android and IOS device

View More The RBI maintains its repo rate at 6.5% and continues the withdrawal of accommodation

Climate Change Poses a Threat to India’s Economy

According to the
Reserve Bank of India’s most recent report extreme heat and humidity might
have a negative impact on work hours and threaten up to 4.5 percent of India’s
GDP by 2030.

In talks about it, the
repercussions of climate change on the physical world frequently take central
stage. But what about its effects on the economy? By 2030, it is predicted that
eight crore jobs will be lost globally due to heat stress, with around 3.4 crore
of those jobs coming from India. read also this:  PM Modi – Rishi Sunak’s friendship was seen on the world stage, Ministry of External Affairs wrote “strong-friendship”Changes in demand
patterns and negative effects on the economy’s supply potential are two ways
that climate change may affect the economy. Events related to climate change
are frequently described as unfavorable supply shocks that have a negative
impact on the economy’s potential growth by raising prices and reducing overall
economic output.

What Climate change a

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PM Modi – Rishi Sunak’s friendship was seen on the world stage, Ministry of External Affairs wrote “strong-friendship”

PM Modi met Rishi Sunak at the G-7 summit in Hiroshima and that meeting is now being discussed a lot. Along with this, both the leaders also held talks on India’s free trade agreement and have decided to continue this deal.The same PM Modi tweeted that “The meeting with Prime Minister Rishi Sunak was very meaningful. We discussed increasing cooperation in trade, innovation, science and other such fields.” The Ministry of External Affairs tweeted that “PM Modi has given a boost to the Comprehensive Strategic Partnership. PM Modi had meaningful talks with British Prime Minister Rishi Sunak in Hiroshima. The friendship of the two leaders was written as ‘strong friendship’, this meeting It is being talked about all over the world.The Foreign Ministry said that Modi and Sunak have agreed to deepen cooperation in a wide range of areas such as trade and investment, science and technology, higher education and people-to-people relations between the two countries. It is very important forread t

View More PM Modi – Rishi Sunak’s friendship was seen on the world stage, Ministry of External Affairs wrote “strong-friendship”

Big relief to Adani Group in Hindenburg case, SC committee did not find evidence

Adani Group has got a big relief in Hindenburg case. An expert committee constituted by the Supreme Court found no evidence against the group in its investigation. The Supreme Court’s expert committee has said in its report that it has not found any evidence of manipulation of share prices by the Adani Group. The inquiry committee has cited 4 SEBI reports. According to the information received, this report has been handed over to the Supreme Court. Along with this, the expert committee has said in its investigation report that Adani Group had given all necessary information to the stock exchange. The group’s shares were already under the watchful eye of additional surveillance measures. Let us tell you that in the report given by SEBI to ED, no allegation has been made against Adani Group. This is a big relief news for Adani Group.After Adani Group got relief in the report of the inquiry committee formed by the Supreme Court, the shares of the group companies are seeing a surge. Out of

View More Big relief to Adani Group in Hindenburg case, SC committee did not find evidence

Sri Sri Ravi Shankar is bringing the World Culture Festival 2023 from September 29 to October 1 in Washington

The preliminary lineup for the World Culture Festival 2023, to be held in Washington from September 29 to October 1, has been announced. The announcement was attended by Mayor of the District of Columbia Muriel Bowser and Art of Living founder, global humanitarian and peace ambassador Gurudev Sri Sri Ravi Shankar. The World Culture Festival 2023 will be held at the historic National Mall in Washington.Also Read: Bollywood: Actor Akshay Kumar visits BAPS Hindu Mandir in Abu Dhabi, See PhotosAre delighted to host the fourth annual World Culture FestivalSpeaking on the occasion, Mayor Muriel Bowser said, “We are pleased to host the fourth-annual World Culture Festival. Washington DC It is the perfect city to bring together people from all over the world. We are a city that celebrates diversity and inclusivity, a city that is cosmopolitan and welcoming, and a city that loves visitors. We know that Gurudev Sri Sri Ravi Shankar’s message that ‘diversity is the beauty of creation’ is our

View More Sri Sri Ravi Shankar is bringing the World Culture Festival 2023 from September 29 to October 1 in Washington

Shree Siddhi Group of Gujarat have achieved a unique achievement at the international level….

Shree Siddhi Group of Companies received not one but several prestigious accolades at the “Asian UK Business Awards 2023” award ceremony held at the House of Commons (Parliament of London) in the United Kingdom.Gujarat First and OTT India got the honor across the seven oceans..The award ceremony was organized under the Ideas for India conference in which Gujarat First and OTT India received the Mahamulo Award for the Fastest Growing Media House in India, on the other hand the real estate arm of Shree Siddhi Group of Companies also received a special award. found. , Shree Siddhi Group awarded with Most Trusted Real Estate Company in India Award. Both the honors were presented by the MD on behalf of the Shree Siddhi Group. Accepted by Mr. Jasminbhai Patel.Gujarat’s first media house working in three languagesThis recognition is special because Shree Siddhi Group has always won the trust of the customers in the real estate sector for the last 30 years. And now in the field of media also S

View More Shree Siddhi Group of Gujarat have achieved a unique achievement at the international level….

नैतिकता की बात न करें.. हमारी सरकार सुरक्षित है: फडणवीस

सुप्रीम कोर्ट ने भले ही महाराष्ट्र की एकनाथ शिंदे सरकार को लेकर कुछ तीखी टिप्पणियां की हों. हालांकि सीएम एकनाथ शिंदे और डिप्टी सीएम देवेंद्र फडणवीस ने इस फैसले पर खुशी जताई है. देवेंद्र फडणवीस ने कहा कि हम सुप्रीम कोर्ट के फैसले से सहमत हैं. यह फैसला लोकतंत्र की जीत है। उन्होंने कहा कि पहली बात तो यह है कि सुप्रीम कोर्ट ने महाविकास अघाड़ी की उम्मीदों पर पानी फेर दिया है. उद्धव ठाकरे

View More नैतिकता की बात न करें.. हमारी सरकार सुरक्षित है: फडणवीस