Global brokerages project more RBI rate cuts this fiscal

IANS | April 9, 2025 5:00 PM

New Delhi, April 9 (IANS) The Reserve Bank of India's (RBI) decision to cut the repo rate by 25 basis points to 6 per cent and shift its stance to ‘accommodative’ from ‘neutral’ has strengthened expectations among global brokerages of further monetary easing in the coming months.

India plans to seal trade deal with US by fall 2025: EAM Jaishankar

IANS | April 9, 2025 4:07 PM

New Delhi, April 9 (IANS) India is perhaps the only country which has reached an understanding with the United States to ink a bilateral trade agreement (BTA) by the fall of this year, External Affairs Minister S. Jaishankar said on Wednesday, as reciprocal tariffs came into effect with India facing 27 per cent tariffs.

Cabinet approves 6-lane Zirakpur bypass with Rs 1,878 crore outlay

IANS | April 9, 2025 3:34 PM

New Delhi, April 9 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the construction of the six-lane Zirakpur bypass in Punjab and Haryana with a Rs 1,878.31 crore outlay on a hybrid annuity mode.

RBI rate cut to spur demand for home, auto, and personal loans: Banks

IANS | April 9, 2025 1:57 PM

New Delhi, April 9 (IANS) Leading banks on Wednesday said that the RBI rate cut, coupled with the revision in stance to accommodative, is a swift and timely move and a forward guidance to the market to stay supportive against evolving global uncertainties, along with empowering the consumers.