India cuts repo rate to 6% amid growth forecast of 6.5%
The Reserve Bank of India (RBI) reduced its benchmark interest rate by 25 basis points Wednesday, bringing the repo rate down to 6%, in a bid to stimulate economic growth amid evolving financial conditions.The move was announced by Reserve Bank of India (RBI) Governor Sanjay Malhotra, who highlighted the country's…
India cuts repo rate to 6% amid growth forecast of 6.5%
The Reserve Bank of India (RBI) reduced its benchmark interest rate by 25 basis points Wednesday, bringing the repo rate down to 6%, in a bid to stimulate economic growth amid evolving financial conditions.The move was announced by Reserve Bank of India (RBI) Governor Sanjay Malhotra, who highlighted the country's…
Pakistan’s Electricity Rate Cut: Impact & Benefits Revealed
Pakistan has finally announced some relief for electricity consumers in the country, who have been struggling with skyrocketing bills in recent years. The government has reduced power tariffs by PKR7.41 per unit for consumers (18% reduction) and PKR7.59 per unit for industries (17% reduction).The announcement has the IMF's assent and…
Pakistan’s Electricity Rate Cut: Impact & Benefits Revealed
Pakistan has finally announced some relief for electricity consumers in the country, who have been struggling with skyrocketing bills in recent years. The government has reduced power tariffs by PKR7.41 per unit for consumers (18% reduction) and PKR7.59 per unit for industries (17% reduction).The announcement has the IMF's assent and…
