Mumbai, Aug 6 (IANS) Luxury housing sales in Delhi-NCR have risen by 9 per cent in the first half of 2025 (H1 2025) compared to the same period previous year (H1 2024), a new report said on Wednesday.According to data compiled by global professional services firm JLL, 5,168 luxury homes priced at Rs 5 crore and above were sold between January and June this year, up from 4,763 units in the first half of 2024.Delhi-NCR now accounts for 65 per cent of all luxury housing sales across India’s top s…

New Delhi, Aug 6 (IANS) RBI Governor Sanjay Malhotra announced on Wednesday that a large number of Pradhan Mantri Jan Dhan Yojana accounts have become due for re-KYC (Know Your Customer) updates, as the government’s flagship financial inclusion scheme completed 10 years.Consequently, public sector banks are organising camps for re-KYC of Jan Dhan scheme accountholders at the panchayat level from July 1 to September 30, Malhotra said in his MPC speech.”The banks are organising camps at the Pancha…

Gold prices worldwide have maintained their firm tone on August 6, 2025, with both 22-karat…

New Delhi, Aug 6 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5 per cent, while sticking to the “neutral” monetary policy stance, RBI Governor Sanjay Malhotra said on Wednesday.The RBI Governor said the decision was taken unanimously by the MPC after a detailed assessment of the macroeconomic situation and the growth-inflation dynamics.The RBI’s MPC pegged India’s CPI inflation at 3.1 per cent for FY2025-26, as th…

Mumbai, Aug 6 (IANS) The Reserve Bank of India (RBI) announced on Wednesday that it has decided to standardise and simplify the procedure for settlement of claims in respect of deposit accounts of deceased customers of banks so that bereaved families do not face any hardship in getting the money or valuables due to them. Currently, the procedure for settling claims in respect of deceased customers varies across banks. The RBI has decided to streamline and standardise these across all banks to fa…

Mumbai, Aug 6 (IANS) The RBI on Wednesday retained its forecast for India’s GDP growth at 6.5 per cent for FY 2025-26, despite global uncertainties, as it expects strong rural demand on the back of a good monsoon and robust government expenditure on big ticket infrastructure projects to propel growth.RBI Governor Sanjay Malhotra said, “The above normal southwest monsoon, lower inflation, rising capacity utilization and congenial financial conditions continue to support domestic economic acti…

Mumbai, Aug 6 (IANS) Following the Reserve Bank of India’s (RBI) decision on Wednesday to maintain the repo rate at 5.50 per cent, the benchmark index Nifty 50 experienced a slight decline, falling below the 24,600 resistance level.The Nifty 50 was trading at 24,569 as of 10.54 am, after an intraday decline of 0.33 per cent, while the Sensex stood at 80,473, down 0.29 per cent. Prior to the Monetary Policy Committee’s decision, Nifty and Sensex were down 0.08 per cent and 0.07 per cent, respecti…

Mumbai, Aug 6 (IANS) The Reserve Bank of India (RBI) on Wednesday pegged India’s CPI inflation at 3.1 per cent for FY2025-26, as the steady progress of the monsoon and robust kharif sowing are expected to keep food prices in check.RBI Governor Sanjay Malhotra said, “The inflation outlook for 2025-26 has become more benign than expected in June. Large favourable base effects combined with steady progress of the southwest monsoon, healthy kharif sowing, adequate reservoir levels and comfortabl…

Mumbai, Aug 6 (IANS) RBI Governor Sanjay Malhotra announced on Wednesday that the monetary policy committee has decided to keep the repo rate unchanged at 5.5 per cent, while sticking to the “neutral” monetary policy stance.He said the decision was taken unanimously by the MPC after a detailed assessment of the macroeconomic situation and the growth-inflation dynamics.A neutral stance requires neither stimulation nor curbs on liquidity as it strikes a fine balance between controlling inflati…

New Delhi, Aug 6 (IANS) To encourage the concept of balanced and judicious use of fertilisers, the government has notified alternative fertilisers like organic fertilisers, bio-fertilisers, de-oiled cake, organic carbon enhancer and nano-fertiliser to encourage nutrient management.Soil Health and Fertility Scheme introduced in the year 2014 with objective to assist states in promoting Integrated Nutrient Management (INM) through judicious use of chemical fertilizers including secondary and micro…