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The rate increase cycle was paused in April last year after six consecutive rate hikes aggregating to 250 basis points since May 2022.
EFTA investment would facilitate the creation of 1 million direct jobs in India.
In a world beset by economic volatility, India has managed to stay the course of high growth and succeeded in moderating inflation.
Gross domestic product, or GDP, growth of 7.6 per cent beat most estimates, including 6.5 per cent projected by the Reserve Bank of India (RBI).
This is the first time the State government is being denied money by any bank.
A declaration issued at the end of an India-hosted virtual summit of the grouping said Russia, Pakistan, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan reaffirmed their support to the BRI.
This is the fourth straight month when retail inflation has declined and the third straight month of Consumer Price Index (CPI) based inflation remaining within the RBI's comfort zone of below 6 per cent.
The federal government met targetted fiscal deficit of 6.4% of the gross domestic product, helped by higher tax revenue even as spending increased, as per a statement. The government will release the revised GDP estimate later in the day.
According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason behind the layoffs, and 23 per cent blamed the mass economic downfall as being the reason.
The Monetary Policy Committee (MPC) of the Reserve Bank met for three days on April 3, 5 and 6 to take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24.