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RBI keeps key rates unchanged to spur economic recovery

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RBI keeps key rates unchanged to spur economic recovery

The six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted on Wednesday to keep the benchmark repo rate and reverse repo rate unchanged at historically low levels because the central bank retained Asia’s gross domestic product (GDP) ) Growth targets. The growth rate of the third largest economy in the 2021-22 fiscal year is 9.5%.

For the ninth time, MPC maintains its bimonthly policy rate status, as policymakers weigh the impact of the latest variant of Covid-19, Omicron.

The repo rate remains unchanged at 4%, while the reverse repo rate remains at 3.35%. Marginal Standing Facility (MSF) and bank interest rates also remained unchanged at 4.25%.

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The repo rate refers to the interest rate at which commercial banks borrow funds by selling securities to the Reserve Bank, while the reverse repo rate is the interest rate at which the central bank borrows funds.

As India promotes its nascent economic recovery during the coronavirus pandemic, these lending rates are critical to boosting corporate credit and investment in the economy. , And continue to reduce the impact of Covid-19 on the economy, while ensuring that inflation remains within the target range,” the MPC resolution pointed out.

In the accompanying statement, Reserve Bank of India Governor Shakti Kantadas stated that price stability or keeping inflation within acceptable levels is still the “basic principle” of the central bank’s monetary policy.

Das told reporters: “In view of the economic weakness and continued activities to catch up, especially private consumption is still below the pre-pandemic level, continuous policy support is needed to achieve a lasting and broad recovery.”

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He added that the interference of new variants of the coronavirus may slow the recovery.

Complete News Source : Hindustan Times

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Celebrity News

Amitabh Bachchan Fan Faints After Hours of Torturous Waiting

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Amitabh Bachchan: Shocking Fan Incident Outside Jalsa

Amitabh Bachchan Fan Faints After Hours of Torturous Waiting

The weekly Sunday rite outside the renowned gates of Jalsa is nothing short of profoundly holy. For decades, thousands of deeply moved admirers have gathered like clockwork, hoping for a single glimpse of the iconic megastar.

Yesterday evening, that fierce commitment took a scary and sad turn. A middle-aged guy, who had been standing patiently in the scorching midday sun for more than four hours, collapsed unexpectedly.

He collapsed totally into profound sleep, landing directly on the harsh, unforgiving asphalt road. The happy, chanting crowd fell silent in an instant as reality hit in.

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A Heartbreaking Moment of Desperation

According to eyewitnesses, this enthusiast travelled across various states for a two-minute glimpse of his idol. His quivering hands clutched a framed vintage photograph of the superstar.

As the searing midday heat reached its zenith, acute dehydration and utter physical fatigue overtook his body. His feeble knees bowed under the crushing weight of his never-ending, frantic wait.

He fell face first to the ground before anyone could react or grab him. The enormous crowd’s collective, frightened gasp boomed over Juhu’s normally peaceful suburban streets.


Sudden Chaos Outside Jalsa’s Gates

Within seconds, total fear spread among the observers. Fellow supporters quickly dropped their homemade banners and posters, coming to the fallen man’s rescue. Someone desperately sprayed cold water upon his pale, sweating face.

The large security crew stationed outside Amitabh Bachchan’s home acted quickly. They were able to remove the rising, panicked crowd, allowing the choking sufferer to breathe easier.

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An emergency ambulance was dispatched immediately, while local volunteers attempted to revive him. In a few startling moments, the atmosphere went from exhilarating exhilaration to total horror.


The Relentless Sunday Evening Madness

Every Sunday evening, the veteran actor gracefully goes onto a high podium at his grand gates. It is a renowned custom that has completely defined Bollywood fan culture over generations.

Passionate admirers will miss meals, risk heavy monsoons, and suffer harsh summer heat waves only to see him wave. It is a profound, emotional bond that defies all reasonable logic.

For this heartbreakingly loyal admirer, the powerful emotional rush combined with severe physical tiredness proved to be a highly perilous, almost lethal combination on the boiling, sweltering concrete.

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Security Personnel Scramble to Prevent Tragedy

Local police officers responded promptly to the chaotic scene, attempting to manage the emotionally charged throng. Medical staff administered quick, vital first aid on the scene, examining his critically weak and decreasing pulse.

The comatose man was gingerly put onto a canvas stretcher, still clutching his prized, sweat-soaked image of the actor. He was sent to a local hospital for emergency treatment.

On-duty medics eventually confirmed that he had severe heatstroke and acute, life-threatening dehydration. Fortunately, his medical condition improved after he received repeated IV infusions and intensive, appropriate care.


A Stark Warning for Star-Worshippers

This terrible, tragic episode has generated a heated, much-needed debate about the extreme limits of celebrity worship in India. Blind passion should never result in the death of an innocent person.

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Jalsa is an undisputed historical monument to love, but yesterday it served as a grim, sobering lesson. Extreme physical endurance for a brief moment can easily result in a catastrophic medical tragedy.

As thousands of passionate individuals continue to flow to Mumbai every day, the fine line between beautiful appreciation and life-threatening devotion becomes increasingly, dangerously blurred for these fragile worshippers.


Terrifying Boundaries of Human Obsession

The burning passion that motivates these ordinary folks to risk their own health is both wonderful and scary. It emphasises the megastar’s immense, godlike influence over millions of hearts.

While the legendary actor continues to express love to his devoted fans, this dangerous occurrence demonstrates that safety should always come first. No fan should have to bleed or faint on the street in order to catch a passing shadow.

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