Breaking News HIGHLIGHTS — Centre Allows 2,000 Agri Credit Societies To Open Jan Aushadhi Stores
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Breaking News HIGHLIGHTS: Hello and welcome to the ABP Live Breaking News Live blog. Please follow this space for all the breaking news and latest updates from India and around the world.
RBI MPC Meeting On June 6-8
The RBI's Monetary Policy Committee recently announced that they will maintain the repo rate at 6.50%, following a 250 bps increase since May of the last year. The State Bank of India anticipates that the repo rate will remain the same during the upcoming June 6-8 meeting. Furthermore, it was mentioned that there could be a potential downward revision in the inflation projections for the fiscal year 2024.
SBI has declared ahead of the MPC meeting that it foresees a certain outcome. It expects: “RBI to pause in June policy”. It stated that it believes that “at 6.50 per cent, we are in for a prolonged pause."
The report cited the statement of the Reserve Bank of India which indicated that the halt in interest rates was a momentary measure.
“With sizeable banking failures across AEs, and a fair probability of contagion spreading across markets despite concerted action from policy makers/regulators to check the same, RBI’s endeavor to sidestep from synchronous rate hike was a courageous gambit, especially since climate risk could upend inflationary projections,” said the SBI report.
“The stance could continue to be withdrawal of accommodation, as liquidity has turned into significant surplus mode,” it further added.
Samsung Galaxy F54 5G To Be Launched In India On June 6
The highly anticipated release of the Samsung Galaxy F54 5G is scheduled for June 6th in India. The mid-level smartphone will be available for purchase on both Flipkart and Samsung's authorized website. Samsung has disclosed important information about the camera features of their forthcoming smartphone.
Pre-orders for the smartphone can now be placed in India through Samsung's official website as well as Flipkart. Potential customers can secure their booking for the smartphone in advance by paying a sum of Rs 999, which will later be subtracted from the total amount during the final purchase. They will additionally qualify for receiving benefits of a value up to Rs 2,000.
Maharashtra: Three Killed, 2 Injured Due To Falling Debris From Under-Construction Building
Maharashtra | 3 labourers died and 2 labourers were injured due to falling debris from the building being re-developed in Virar area of Palghar district. Treatment is going on in the nearest hospital.
Centre Allows 2,000 Agri Credit Societies To Open Jan Aushadhi Stores
Under the leadership of Prime Minister Narendra Modi, the Government of India has decided to allow 2000 Primary Agricultural Credit Societies (PACS) to open Pradhan Mantri Bhartiya Jan Aushadhi Kendras across the country: Ministry of Cooperation
11 IAS Officers In Karnataka Transferred
11 IAS officers in Karnataka transferred, official orders issued.
11 IAS officers in Karnataka transferred, official orders issued. pic.twitter.com/8tduyxEFYv
— ANI (@ANI) June 6, 2023
TN CM Postpones Opening Of Schools Due To Severe Heat, To Open On June 12
If Someone Is Not Paying Tax, We Send Them Notice: Hardeep Puri On I-T Searches At BBC Officie Isse
Union Minister Hardeep Singh Puri speaks on BBC; says, "...Our laws are very transparent. If someone is not paying tax & we send them notice, they say it is an issue of Freedom of the Press...I would not like to go into details but some of their actions in the past made it seem that they were in the hands of people with an agenda on India..."
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