RBI Cuts Interest Rate by 25 Basis Points; Loan Emis Likely to Fall Prospects of Benign In- Per Cent
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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. front, as it lowered its cially on the global cial banks. And, the re- lower EMIs for home Five of six members vot- economic growth fore- front." After announc- verse repo rate is at and other loans. The six- ed to keep the stance un- cast for 2019-20 to 7.2 per ing the rate cut, the RBI which the RBI borrows member Monetary changed at Neutral, cent from 7.4 per cent es- governor in a media money from the com- Policy Committee while committee mem- timated in February. briefing said that export mercial banks. Banks (MPC), headed by RBI ber Ravindra Dholakia GDP growth had growth remained weak take a cue from RBI's Govenor Shaktikanta voted to change the fallen to 6.6 per cent in in January and monetary policy stance Das, cut the repo rate to stance to accommoda- December quarter, its February this year and in hiking or cutting one-year low of 6 per tive. The apex bank cut slowest in five quarters, imports especially non- lending rates. With cent and reverse repo Devotees take bath in holy Gupt Ganga ahead of Navratra Festival at Purmandal in Jammu on Thursday. benchmark interest due to sluggish private oil gold imports de- back-to-back cuts, GOF PHOTO. rate to 5.75 per cent on rate by 0.25 per cent to 6 investment. "The need clined. The RBI had last !! (')"! BJP never regarded 2 IAF personnel killed in Over 33 lakh voters to decide fate of 33 Search ops road 'accident' those who launched in Katra outside Awantipora base disagree with it as candidates in Jammu and Baramulla following suspected movement *$'"* )* "anti-national, Constituency (PC), 24 can- males and 964838 females Kumar of Hindustan didates are in fray while in electors. Among service Nirman Dal, Javaid Two IAF personnel includ- Baramulla PC nine candi- voters, 41087 are males and Ahmed of All India &&- )* ing a squadron leader were enemies": L K Advani Over 33 lakh voters dates are contesting for the 478 females, while there Forward Bloc, Raman killed and as many others suf- will decide the fate of 33 seat. For the smooth con- are 20 transgender voters. Bhalla of INC, Gursagar The police on Thursday fered injuries in a road "acci- candidates who are in fray duct of polls, 4489 polling For the smooth con- Singh of Navarang launched a search operation dent" early Thursday near the for Jammu and Baramulla stations have been set up duct of election exercise, Congress Party, Prof. in Katra, the base camp of Awantipora Air Force station in Parliamentary constituen- in the twin constituencies. the authorities have set up Bhim Singh of JK National Matra Vaishnodevi cave Jammu and Kashmir's cies which are going to The Jammu 2740 polling stations Panthers Party, Lal Singh shrine in Jammu and !! (')"! polls on April 11- the first Parliamentary constituen- across the Parliamentary of Dogra Swabhiman Kashmir, an officer said. Phase of Lok Sabha elec- cy is spread over 20 constituency. Sangathan, while Rajiv "There was a routine search tions 2019.\ The twin con- Assembly segments of four The candidates in the Chunni, Subhash operation in Katra as a secu- Panch shot dead by stituencies have 3365037 districts including fray are Syed Aqib Chander, Shazbad rity measure", a senior Police militants in Kulgam registered electors includ- Jammu, Samba, Poonch Hussain of Independent Shabnam, Perseen Singh, officer told PTI. As per re- ing 1716933 males, 1600897 and Rajouri with 2047299 Peoples’ Party, Juggal Gulam Mustafa ports, the operation was car- females, 47155 service vot- electors including 2005734 Kishore of BJP, Badrinath Chowdhary, Satish ried out following inputs of *$'"* )* !/ !%#$ )* ers (46652 males and 503 fe- General voters and 41565 of BSP, Mohammad Poonchi, Bahadur, Manish suspected movement of two males) and 52 transgender. service voters. Among the Younis of JK Peer Panjal Sahni, Sakander Ahmad !!!*#(')"! A panch from Kulgam dis- Veteran BJP leader L K Advani In Jammu Parliamentary general voters, 1040876 are Awami Party, Susheel !!.!*(')"! trict of Jammu and Kashmir said Thursday that his party has nev- was shot dead by militants at his er regarded those who disagreed with residence, police said Thursday. it politically as "anti-national" or "en- PM Modi to address election J-K highway open even during Kargil, rights of The terrorists barged into the emies" but only as adversaries. house of Abdul Majeed Dar at His views assume significance at Shalipora on Wednesday night a time when the BJP under Prime rally at Kathua on 11 April people being tampered with: Farooq Abdullah !!'#(')"! Minister Narendra Modi and party will remain in force from 4 president Amit Shah have made the )*$% *$'"* )* am to 5 pm, said the order, issue of national security a key plank which follows the suicide at- NGO hands for the general elections and have of- BJP State President The Jammu-Kashmir tack on a CRPF convoy in over ambulance to BSF ten accused its political rivals of Ravinder Raina alongwith highway was not closed even other BJP leaders today vis- Pulwama. The highway speaking the language of India's ene- during the Kargil war when passes through important in Jammu mies like Pakistan. ited and looked after vari- intelligence reports suggest- ous arrangements for the towns such as Anantnag, Many BJP leaders have also often ed suicide attackers were at Awantipora, Pampore, smooth and successful con- &&- )*$% used terms like "anti-national" to tar- large, former Jammu and Srinagar, Pattan and duct of PM Modi’s rally to get opposition leaders. Kashmir chief minister Baramulla. "The fundamen- be conducted out at Kathua A Pune-based NGO has do- "The essence of Indian democracy duct of rally and reviewed Farooq Abdullah said on tal rights of people are being on 11 April. BJP State nated an ambulance to the BSF is respect for diversity and freedom of all the associated arrange- Thursday, a day after the citizen's fundamental rights. tampered with," Abdullah President Ravinder Raina for deployment at outposts in expression. Right from its inception, ments. He threadbare dis- government decided to block According to the order is- told PTI. Such a decision and other senior leaders Samba, Hiranagar and the BJP has never regarded those cussed important points re- the road lifeline for two days sued on Wednesday by state flies in the face of the BJP-led from state also held a meet- Ramgarh sectors, which have who disagree with us politically as lated to the preparations for a week. Home Secretary Shaleen Central government's asser- been the worst affected by our 'enemies', but only as our adver- ing after inspecting the ven- the rally of Prime Minister "What is happening for Kabra, no civilian traffic tion that the security situa- Pakistani shelling, officials said saries," the 91-year-old leader wrote ue site. Narendra Modi. god's sake. Are you trying to will be allowed to move from tion in the state had im- Thursday. Borderless World in a blog ahead of the BJP's founda- Ravinder Raina, while While focusing on the make Kashmir a colony of Baramulla in north Kashmir proved, he said. Foundation (BWF), in associa- tion day on April 6. addressing the meeting, in importance of present rally the British?" an anguished to Udhampur in Jammu re- "We brought the state tion with HDFC Securities, In a blog written almost five years view of massively ad- to be addressed by Modiji, Abdullah asked and termed gion on Sundays and from the 1989 turmoil to 2014 handed over the ambulance to after he wrote the last piece on its web dressed rally at Doomi, im- he said that our PM has tak- the Governor Satya Pal Wednesdays till May 31. The when tourism was booming the Border Security Force (BSF) page, Advani added,"similarly, in our parted useful tips for the en the endeavors beyond Malik led administration's restrictions on civilian traf- the state and separatists had smooth and successful con- decision interference with a on Wednesday evening, the offi- !! '!.!*(')"! !!( $(')"! fic on the 271-km highway !!#$"#/0(')"! cials said.