VVIP chopper case: Madhya India one of the highest Wishy-washy areas in Pradesh CM Kamal Nath’s taxing nations in world: Mankading law need to nephew appears before ED Trump be addressed: Buttler JAMMU, FRIDAY APRIL 5 ,2019 VOL. 34 | NO. 93 | REGD. NO. : JM/JK 118/15 /17 | E-mail :
[email protected] | www.glimpsesoffuture.com RBI cuts interest rate by 25 basis points; loan EMIs likely to fall prospects of benign in- per cent. This is also the is to strengthen domes- cut repo rate to 6.25 per -&$ )* flation.While four of the first back-to-back rate tic growth impulses by cent from 6.5 per cent on six members voted in cut since the MPC was spurring private invest- February 7 and together In a bid to boost slug- favour of the rate cut, formed in late 2016. The ment which has re- with the latest reduc- gish economy before two of them were in Reserve Bank of India mained sluggish," it tion it has reversed last elections, the RBI favour of status quo. (RBI) in the monetary said. "The MPC notes year's 50 basis points in- Thursday cut interest RBI Deputy policy statement said that the output gap re- crease. Repo rate is the rate by 25 basis points Governor Viral the domestic economy mains negative and the rate at which the central for the second time in as Acharya and MPC mem- is facing headwinds, es- domestic economy is bank lends short-term many months, a move ber Chetan Ghate voted pecially on the global facing headwinds, espe- money to the commer- that may translate into for a status quo in rates.