RBI monetary policy::The inflation target cut follows three straight months of CPI inflation coming in below 4%, with April data showing a sharp moderation to 3.16%—the lowest since July 2019.

RBI MPC meeting LIVE Updates: RBI Governor Sanjay Malhotra in his address said the monetary committee has agreed to cut rates by 50 basis points to 5.5% and have changed the stance to 'neutral' from accomodative.

The Standard Deposit Facility (SDF) rate and the Marginal Standing Facility (MSF) rate have also been adjusted by 50 basis points in response to the repo rate cut.

From zero tax on incomes up to ₹12.75 lakh to a fourfold metro expansion and nearly 10 million affordable homes sanctioned, the government highlights 11 years of reforms benefiting the middle class.

Autos, steel and chips and other electonic components lead the exports lower while coal, non-ferrous metal and crude oil drove down the import, according to the Finance Ministry.

The minister's meetings at the Joint Economic Commission in Italy also witnessed participation by officials from the ministries of defence, mining and food processing via the virtual mode. Terming the bilateral goods trade between India and Italy as low and sub-optimal at $15 billion, the minister projected a huge scope for growth.

MS Mani noted that stable GST collections, which have increased from ₹1.4 lakh crore two years ago to ₹2 lakh crore now, have diminished concerns about revenue loss.

The Reserve Bank of India (RBI) is set to announce its rate cut decision on Friday, June 6. According to a CNBC-TV18 poll, the central bank is widely expected to reduce the repo rate for the third consecutive time at the upcoming meeting. Here’s a look at the key findings from the poll.

US President Trump and Chinese President Xi Jinping had a 90-minute call, reaffirming a trade deal and discussing rare earth exports amid rising tensions over minerals and tech restrictions.

The cost of home-cooked vegetarian and non-vegetarian thalis fell 6% on-year in May, thanks to softer vegetable and poultry prices, according to a report by CRISIL Intelligence.