In the second policy review under Governor Shaktikanta Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut.
RBI has intervened throughout this year to prevent rupee strength although it has also stepped in at times of excessive weakness.
Meet Aparna Nagesh and her dancers from High Kicks, one of just nine groups chosen from 54 countries around the world to perform at the Commonwealth Youth Dance Festival in Scotland.
As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.
The United States is the worst affected country in the world from the coronavirus infection. There are 1.3 million coronavirus cases in the country and the death toll stands at 78,000.
Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement, points out Tamal Bandyopadhyay.
'All my hard work will be forgotten.'
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
Solar Impulse's solar-powered HB-SIA prototype airplane has successfully completed the world's first intercontinental flight.
When a pre-planned trip fell through, Mridula Dwivedi decided to visit Kutch on an impulse.
It is a pity that the Modi government, which began on the right note when it came to pricing issues, has changed colour and become interventionist in its impulses, says T N Ninan.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
Sukanya Verma celebrates Republic Day by looking at the tiranga's most striking moments on celluloid.
Bejoy Nambiar's gripping slice-of-mess about things spiraling out of control find an expression in a striking ensemble and volatile scenery, notes Sukanya Verma.
Paceman S Sreesanth has been warned by the BCCI for raking up the 2008 'slapgate' issue through a social networking website.
'The objective is not to make India into a one religion place, but to ensure that there is harmonious and peaceful co-existence of all faiths with each of them having their cultural personality.'
It is focussing on long term growth, which may not be good for the currency.
Meel Patthar is, both by theme and design, a tragedy of inertia, observes Rohit Satish Nair.
The faux pas quickly provoked a huge reaction on social media, with some mistaking him for saying the word 'enormous' or 'ominous', a media report said.
Rediff.com takes a look at the story of how the skateboard has helped break the long-standing social barriers and bridged the Afghan-Western divide. These captivating pictures tell the tale
Biting opponents may be appalling but it is harmless and should not be punished as severely as a bad tackle, says controversial Barcelona striker Luis Suarez.
In his maiden Budget presented in Parliament on July 10, Finance Minister Arun Jaitley has tried to provide relief to the middle class by increasing tax exemption limit by Rs 50,000 to Rs 250,000.
Das said banks have passed only 0.29 per cent in rate cuts to their borrowers as against 0.75 per cent cuts in interest rates by the Reserve Bank till June.
'As we gird ourselves for rising infections, India's harsh lockdown remains an epic tragedy,' observes Rahul Jacob.
'Even a hardcore nit-picker will struggle to find faults in this extraordinarily crafted television series that I rate as a must watch, an instant classic,' says Sukanya Verma.
Meena Kumari stands on Number 10. Click Next to see who stands at top spot.
All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting.
'Sushant Singh Rajput, a bright young lad who had a life beyond films, was probably too good for Bollywood.' 'To blame his death by suicide on a gang of Bollywood bullies is stretching the point too far,' argues Saibal Chatterjee.
As splendid it is to behold, A Suitable Boy cannot match in soul and falls short of being memorable, feels Sukanya Verma.
On the occasion of Pandit Ravi Shankar's birth centenary, his biggest fan, Lata Mangeshkar, pays tribute to one of Indian classical music's greatest legends.
'His sin was that he made public a certain lifestyle that was to be kept within the confines of those sweaty dressing rooms,' says Sreehari Nair.
The Economic Survey said that a number of indicators -- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity since first quarter of 2016-17 and a further deceleration since the third quarter.
Asked if the RBI will cut rates in its upcoming policy review, he said the central bank will definitely factor into account various developments and make an assessment of the macro economic conditions.
Congress on Thursday criticised Trinamool Congress supremo Mamata Banerjee for a 'personal attack' on Prime Minister Manmohan Singh and said such 'impulsiveness' violated political decorum.
It is characterised by sudden repetitive movements, characterised by motor and vocal tics.
Is the latest mobile or car or a house the goal? If so, the savings and investments should be aimed at catering to it. The amount needed has to be worked out, and money needs to be saved, accordingly, suggests Sarbajeet K Sen.
Kotak Bank was the biggest loser in the Sensex pack, falling 3.71 per cent, followed by RIL, HDFC Bank, Bajaj Finance, PowerGrid, IndusInd Bank, Asian Paints, HDFC and ITC.
A Briton standing trial for the killing of Anuj Bidve had an anti-social personality disorder with psychopathic and sadistic features and acted impulsively when he killed the Indian student, a psychologist who assessed him has said.
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