The Reserve Bank of India has lowered the gross domestic product (GDP) growth rate estimate to 6.1 percent in the current financial year from 6.9 percent previously. Also, the RBI revised the retail inflation rate estimate for the second quarter to 3.4 percent with a slight revision.
The Indian Air Force has issued a symbolic video on the airstrike conducted at the Balakot terrorist camp, warning Pakistan. Releasing the symbolic video, Air Chief Marshal RKS Bhadauria said that the army is fully prepared to meet every challenge.
If you have taken a home loan, then there is news of relief for you. The RBI has reduced the repo rate by 25 basis points. The repo rate is now 5.15 percent to 5.15 percent. Repo rate is the rate at which the Reserve Bank gives loans to commercial banks.
For the customers of Punjab and Maharashtra Co-operative Bank, great relief has been reported from RBI. The Reserve Bank has increased the cash withdrawal limit from Rs 10,000 to Rs 25,000 for the bank’s customers.
IRDA or Insurance Regulatory or Development Authority of India issued many guidelines regarding health insurance. IRDA has taken a big decision that many major diseases like Alzheimer’s, AIDS, Parkinson’s should also be included in the insurance cover. This means that the insurance regulator IRDA has decided to add many more serious diseases to the health cover.
Tech giant Google has released new tools keeping in mind the privacy of users. Through these tools, users will be able to control their data history on Google-related apps and websites. Overall, with the help of new tools, Google is trying to make users’ data more secure than before.
The US company HP will lay off more than 10 percent of its workforce worldwide. The company has taken this decision to reduce its costs and make the process easier. The company said that it will lay off up to 9,000 in the coming three years. The company has around 55,000 employees worldwide.
Chinese video app TikTok has said that it will not allow paid political advertisements on its platform. TikTok stated that these ads do not fit the experience of its millions of users.
2600 trees of Aarey Colony of Mumbai will be cut. The Bombay High Court has today dismissed petitions declaring Aarey Colony as a forest area. In the petitions from BMC, there was a demand to cancel the decision to cut trees.
The allocation of seats in the BJP and Shiv Sena for the Maharashtra Assembly elections was completely finalized today. Today it was announced that BJP will contest elections in 150 seats in Maharashtra. At the same time, 124 seats have already been given to Shiv Sena.
