Connect with us

Business

RBI keeps repo rate unchanged at 4%, maintains ‘accommodative’ stance

Published

on

RBI keeps repo rate unchanged at 4%, maintains ‘accommodative’ stance

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday kept the repo rate unchanged at 4% and the reverse repo rate at 3.35%, even during the second wave of coronavirus disease (Covid-19) After the wave, the economy showed signs of recovery.

The Governor of the Reserve Bank of India, Shaktikanta Das, announced the October bimonthly monetary policy statement at 10 am on this day, saying: “As long as it is necessary to restore and maintain growth and mitigate the impact of the Covid-19 pandemic , While ensuring inflation, the monetary policy stance will remain accommodative. Stay within the target range.”

This is the eighth consecutive time that MPC, led by Shaktikanta Das, Governor of the Reserve Bank of India, has maintained the status quo. The Reserve Bank of India last revised its policy repo rate or short-term loan rate on May 22, 2020, in a non-policy cycle to boost demand by reducing interest rates to historical lows. Last Friday, the Reserve Bank of India also maintained its forecast of a real GDP growth rate of 9.5% for the 2021-22 fiscal year.

Advertisement

This includes 7.9% in the second quarter of the 2021-22 fiscal year, 6.8% in the third quarter, and 6.1% in the fourth quarter. The real GDP growth rate in the first quarter of fiscal year 2022-23 is expected to be 17.2%. The Governor of the Reserve Bank of India said at a press conference on Friday: “We have decided to keep the policy repo rate unchanged at 4%. The reverse repo rate remains at 3.35%.” He said that India’s economic recovery is gaining traction, adding that its situation is better than the prospects of the last MPC meeting.

“The growth momentum is strengthening and the inflation trajectory is more favorable than expected,” said Shaktikanta Das, Governor of the Reserve Bank of India. “Because the economic fundamentals of our economy are resilient, we hope to move towards a normal period.” The consumer price index (CPI) inflation rate for fiscal year 2022 is expected to be 5.3%, while the CPI inflation rate for the first quarter of fiscal year 2022-23 is expected to be 5.2%. With rising fuel prices, the retail inflation rate in August was 5.3%.

News Source : Hindustan Times

Advertisement

$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Published

on

By

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

Advertisement

The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

Advertisement

About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

instantbollywood.com

Anticipation and Fan Reactions

Advertisement

The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

Advertisement

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Legal and Laws News Platforms – https://legalmatters.in/
Podcast Platforms – https://anyfm.in/

Continue Reading
Anyskill-ads

Facebook

Trending