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RBI keeps repo rate unchanged at 5.15%, stance remains accommodative

Thursday, December 5, 2019, 8:10 PM

The Reserve Bank of India (RBI) Governor Shaktikanta Das-headed monetary policy committee (MPC) on Thursday maintained status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year. This halt came after five consecutive cuts. The short-term lending rate, or repo rate, was unchanged at 5.15 per cent. All six committee members voted against the rate cut.
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China is saving stimulus for trade war winter as yuan weakens

Sunday, August 11, 2019, 7:21 PM

Chinese policy makers are holding back from rolling out the big guns of monetary stimulus, keeping options in reserve as the trade standoff with the U.S. risks morphing into a global currency war. The People's Bank of China late Friday called for a "rational" view on current headwinds, signaling that the targeted approach to shoring up output would continue.
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Fagu Chauhan resigns from UP Assembly after appointment as Bihar governor

Friday, July 26, 2019, 7:47 PM

After his appointment as Bihar Governor, BJP leader Fagu Chauhan resigned as MLA from the Uttar Pradesh Assembly on Friday. A six-time MLA, Chauhan (71) was appointed as governor of Bihar last week by the Rashtrapati Bhavan. "Chauhan, who was the BJP MLA from Ghosi, has resigned. His resignation has been accepted," a source in the assembly said.

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