Repo rate lowest since 2010 after RBI’s third cut this year


Repo rate lowest since 2010 after RBI’s third cut this year

In a move that should make mortgages, auto loans and other borrowings cheaper, the Reserve Bank of India cut interest rates by 25 basis points for the third time this year and hinted at more cuts by changing its policy stance from “neutral” to “accommodative”. Emboldened by benign...

World Cup 2019: India crush South Africa by 6 wickets


World Cup 2019: India crush South Africa by 6 wickets

Rohit Sharma and Yuzvendra Chahal were the stars in India's resounding six-wicket victory over a hapless South Africa in their first match in World Cup at Southampton on June 5.  It was an uncharacteristic 23rd ODI hundred for the Indian vice-captain in a successful chase of 228...

India to become 5th largest economy globally this year


India to become 5th largest economy globally this year

India is forecast to overtake the UK to become the world’s fifth largest economy this year, IHS Markit said. In a report on Prime Minister Narendra Modi and his BJP party’s victory in the national elections, it said the economic outlook “looks positive” for the second term of...

Donald Trump yanks India's developing nation status


Donald Trump yanks India's developing nation status

US President Donald Trump opened another potential front in his trade war, terminating India’s designation as a developing nation and thereby eliminating an exception that allowed the country to export nearly 2,000 products to the US duty-free. “I have determined that India has not...

Free rides for women in Delhi Metro and DTC buses


Free rides for women in Delhi Metro and DTC buses

With an eye on the upcoming assembly elections, Delhi chief minister Arvind Kejriwal on Monday announced free rides for women commuters in Delhi Metro trains and DTC buses to encourage them to use public transport. Earlier also Delhi government was planning to do this and also cover...

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