Govt's rate cut clamour grows as RBI governor's term nears end
Tue, Nov 19, 2024 4:48 PM

Govt's rate cut clamour grows as RBI governor's term nears end

A Flip by Avya Verma
Get it on Google Play
Finance Minister Nirmala Sitharaman has called for a reduction in the benchmark repo rate by the Reserve Bank of India (RBI), citing the need for "affordable" bank interest rates to support industries. This comes as the RBI's Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% in October, but may consider a rate cut in December if inflation concerns abate.

More great flips

Construction of new office space down by 4% in Q2 FY25: Vestian

Construction of new office space down by 4% in Q2 FY25: Vestian

The construction of new office space has reduced by 4% compared to the corresponding quarter of last year, according to Vestian. There is an increase of 17% over the previous year and 9% compared to the last quarter in absorption. Bengaluru, Chennai, and Hyderabad accounted for 61% of the pan-India absorption in Q3 FY25.

Open Flip
Nestle SA to separate its water brands into standalone business in 2025

Nestle SA to separate its water brands into standalone business in 2025

Nestle SA has decided to separate it waters and premium beverages brands into a global standalone business from January 2025, the company informed investors and analysts at the Capital Markets Day on November 19.Presenting a plan to accelerate growth, Nestle SA said the global giant said it will step up the advertising and marketing spend to 9% of sales by the end of 2025.

Open Flip
Centre seeks inclusion of battery energy storage systems in solar tenders

Centre seeks inclusion of battery energy storage systems in solar tenders

The government is pushing central public sector undertakings (CPSUs), states and private developers to build distributed battery energy storage systems for better utilisation of renewable energy and grid stability, two senior officials, one in the Ministry of Power and the other with the Ministry of New and Renewable Energy (MNRE) told Moneycontrol.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon