RBI may hold rates in August MPC as Q1 growth likely to cross 7 pc: Report

IANS | August 1, 2026 11:28 AM

New Delhi, Aug 1 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates unchanged in its Monetary Policy Committee (MPC) meeting this month, as consumer price inflation is expected to remain above 5 per cent for the next two quarters and Q1 FY27 domestic product growth may exceed about 7 per cent, a report said on Saturday.

‘Samudra Manthan’ to help India cut long-term dependence on oil and gas imports: Ministry

IANS | August 1, 2026 10:40 AM

New Delhi, Aug 1 (IANS) By creating a robust offshore exploration ecosystem through better data, risk-sharing, common infrastructure and domestic manufacturing capabilities, the ‘Samudra Manthan’ scheme will enable India to build national capability in deepwater exploration and production, strengthen our energy-security resilience, and reduce our long-term dependence on imports, Petroleum Ministry said on Saturday.