The Reserve Bank has reduced the GDP estimate for the financial year 2024-25 and this is a surprising step. This change regarding the economic growth rate of the country can also become a cause of concern for the government. The Governor of the Reserve Bank said that apart from the central bank, the challenges being seen in geo-politics remain a big issue for all countries. Apart from this, the latest inflation figures and the low GDP rate in the second quarter are also a cause for concern.
RBI reduced GDP estimate for the financial year 2024-25
Among the big decisions announced by the RBI, the announcement of reducing the estimate of the country's economic growth rate (GDP) is important. The RBI has reduced the GDP estimate for the financial year 2024-25 to 6.6 percent, which was earlier at 7.2 percent. Keep in mind that in the October credit policy, the Reserve Bank has estimated the gross domestic product or GDP of the current financial year at 7.2 percent.
How will the GDP be in the remaining quarters of FY 2024-25
If we look at the GDP figures in the remaining quarters of this year, then GDP growth is estimated to be 6.8 percent in the third quarter (October-December) of FY 2024-25. After this, the GDP rate is estimated to be 7.2 percent in the fourth quarter (January-March) of the current financial year.
Growth estimate for the first-second quarter of FY 2025-26
RBI's growth estimate in the first quarter of FY 2025-26 has come at 6.9 percent and along with this, RBI has given an estimate of GDP growth rate to be 7.3 percent in the second quarter of the next financial year in this credit policy.
Reserve Bank kept the repo rate intact at 6.5 percent.
RBI Governor Shaktikanta Das gave information about the decisions taken in the three-day meeting of the Monetary Policy Committee (MPC) which started on Wednesday. The MPC has decided to keep the repo rate at the same level i.e. 6.5 percent. Four out of six members of the MPC voted to keep the policy rate stable while two were in favor of changing it.
BPSC Protest: JDU jumped into Prashant Kishor's case, and advised about going on a hunger strike
JDU's chief spokesperson and member of the Legislative Council Neeraj Kumar has targeted the fast unto death of Prashant Kishore (PK), the mastermind of the Jan Suraj Party. He said that PK's movement
PBKS vs CSK: CSK lost four consecutive matches in IPL for the fourth time, has lost the most number of times to Punjab since 2022
The 18th season of IPL has not been anything special for five-time champion Chennai Super Kings (CSK) so far. The team had to face defeat against Punjab Kings, which is its fourth consecutive defeat
BPSC Exam: Amidst protests, the exam will be held again today under tight security, static and zonal magistrates will keep an eye
Amidst the strong demand for complete cancellation of the integrated 70th Combined Preliminary Competitive Examination conducted by Bihar Public Service Commission (BPSC), re-examination will be held
CM Yogi Cabinet Meeting: Yogi Cabinet in Maha Kumbh, ten proposals may get approval; All ministers will take a bath.
A cabinet meeting will be held on Wednesday at Sangam Ghat in Prayagraj under the chairmanship of Chief Minister Yogi Adityanath. In this, 10 major proposals related to public welfare and the
Jharkhand: Kharge claims- PM Modi had received an intelligence report of a terrorist attack, which is why he canceled his Jammu and Kashmir visit
Congress President Mallikarjun Kharge fiercely targeted Prime Minister Narendra Modi and the central government in Jharkhand's capital Ranchi. He claimed on Tuesday that Prime Minister Modi had
'I will resign from the post of President, I will also do the mineral deal, just America should do this work...' What did Zelensky demand from Trump?
Ukrainian President Volodymyr Zelensky's visit to the US was quite controversial. The verbal war between US President Trump, Vice President JD Vance, and Ukrainian President Zelensky in the Oval
'It is very sad...' PM Modi expressed grief over the incident at the Christmas market in Germany; said- we need to be united.
Prime Minister Narendra Modi on Monday attended a Christmas event organized by the Catholic Bishops Conference of India in Delhi. During this, he mentioned the attack on the Christmas market in
CM MK Stalin demands the Center to remove Hindi from government offices, appeals to make Tamil the official language.
Tamil Nadu Chief Minister MK Stalin has made an absurd demand to remove official language Hindi from central government offices. He says that this has happened due to the decisions of the BJP. He said
'Sacrament is not attained by taking a dip in Sangam', Sri Sri Ravi Shankar gave a big statement; also said this on Hindu Marriage Act.
Art of Living organized a spiritual confluence in Jind's Sector 7-A on Tuesday. During this, religious leader Sri Sri Ravi Shankar gave a message to save crops and breed. Representatives of farmers
Will one country one election be implemented, the number game of Lok Sabha and Rajya Sabha has increased the tension between the Modi government, know who has how many MPs
In the direction of one country, one election, the central government took a big step to implement its main issue. The Union Cabinet headed by Prime Minister Narendra Modi approved the Constitutional