The RBI MPC unanimously decided to cut the key policy repo rate by 25 basis points to 6% and change the stance from neutral to accommodative, citing risks to India’s GDP growth and a benign inflation outlook. Governor Sanjay Malhotra highlighted the impact of global economic uncertainties, such as the recent trade tariffs, on India’s growth trajectory, emphasizing the need for a growth-supportive monetary policy. The MPC aims to achieve non-inflationary growth through clear, consistent, and credible policies that benefit the economy, amidst a challenging global economic environment.
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India develops personnel sphere, completes welding on submersible after 700 trials
The Indian Space Research Organisation (Isro) has marked a significant achievement in India's Deep Ocean Mission by successfully developing the personnel sphere for the MATSYA-6000 submersible, capable of reaching depths of 6,000 meters. This milestone was reached by overcoming challenges in welding thick titanium plates, enhancing prospects for underwater exploration and resource assessment. Want More Context? 🔎
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