RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here

Shaktikanta Das, RBI Governor

Markets Highlights: Broader markets outperformed the benchmarks indices on Friday after the RBI left key rates unchanged and announced a 50 bps cut in CRR, while lowering its GDP forecast

market

The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know

RBI, Reserve Bank of India

The Group of Ministers (GoM) on GST rate rationalisation has recommended to raise GST on select sinful goods. Here's how GST Council decides on different tax bands

The government is not considering merger of public sector banks, Minister of State for Finance Pankaj Chaudhary said on Tuesday.
In a written reply to a question in the Rajya Sabha, he said several steps have been taken by the government to strengthen the financial condition of public sector banks (PSBs).
Chaudhary said the reforms undertaken by the government in the banking sector have created systemic improvements and instituted checks and controls to minimise the risk of recurrence of excessive stress.
To a question on whether the merger of public sector banks is being considered, Chaudhary replied: "No sir".
Chaudhary further said PSU banks have shown improvement in their capital adequacy ratio and gross non-performing assets position post-merger.
"The merger has helped in improved synergies, economies of scale, better technology integration and the same has resulted in uniform improvement across all key financial parameters," Chaudhary added.
In the biggest consolidation exe

Bank

Microsoft in 2020 introduced new licence fees for running its software on major cloud providers

Microsoft

The airline rankings methodology takes into account customer claims processed worldwide, as well as outside data tracking on-time arrival and departure performance for every plane

indigo airlines, indigo

India's swelling urban middle class has been the engine of its growth for far longer than government capex has

Urban spending

The statue is located near the Kashmiri Gate in Delhi, where Nicholson died during the 1857 rebellion

John Nicholson

The Armed Forces Flag Day honours the martyrs and the men in uniform who valiantly fight on our borders to safeguard the country and its borders

Armed Forces Flag Day

EAM Jaishankar also reflected on the shared experiences of India and Japan in terms of their proximity to China

S Jaishankar, Jaishankar

Jharkhand Chief Minister Hemant Soren on Friday distributed portfolios among the new ministers, keeping Home (including prison), Cabinet Secretariat and several other departments to himself, according to a government notification.
Radhakrishna Kishore, a Congress MLA, got finance while JMM's Chamra Linda was allotted the department of Schedule Tribes, Scheduled Castes, Backward Classes and Minorities.
RJD's Sanjay Prasad Yadav was given the Department of Labour, Employment and Training, while Irfan Ansari of the Congress got Health, Medical Education and Family Welfare Department.
The chief minister also kept to himself the departments of Personnel, Administrative Reforms and Official Language, Road Construction, Building Construction, and those yet to be distributed to anyone.
A total of 11 MLAs took oath as ministers in the Hemant Soren government in Jharkhand on Thursday. Soren himself was sworn in as the CM on November 28.

Hemant Soren, Hemant

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Armed Forces Flag Day 2024: History, significance and why we celebrate

EAM discusses India-Japan ties, tourism growth, and challenges with China

CM Soren distributes portfolios to ministers, keeps Home to himself

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RBI Monetary Policy: Date, time, & where to watch Shaktikanta Das live

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