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Business

RBI Hikes Repo Rate to 5.50%, Impacting Loans and Deposits

The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, marking its first increase since February 2023. The Monetary Policy Committee shifted from a neutral to a calibrated tightening stance due to inflation risks. This hike may raise borrowing costs on floating-rate loans linked to external benchmarks and affect deposit rates, though not all financial products will change immediately.

News18 Business·

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Politics

INDIA Bloc Holds Lunch Meeting Amid CEC Protest in Delhi

Congress president Mallikarjun Kharge hosted a lunch meeting for INDIA bloc MPs at Sagar Ratna restaurant on Janpath, Delhi, following a high-voltage protest against Chief Election Commissioner Gyanesh Kumar and the Election Commission. The meeting aimed to discuss the Opposition's next steps regarding the Special Intensive Revision of electoral rolls and demands for the CEC's resignation. Security was heightened with police on standby due to recent confrontations.

News18··Delhi

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Business

Farmers in Jehanabad Earn ₹25,000 Annually from Vermicompost

Farmers in Jehanabad district have significantly reduced chemical farming, favoring organic methods. They believe organic farming improves physical health and benefits soil quality. Alongside better soil and health, farmers are earning up to ₹25,000 annually from vermicompost production, which has consistent demand throughout the year.

News18 Hindi··Jehanabad

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Politics

Jammu and Kashmir Transfers 49 Officers Including 42 IAS

Jammu and Kashmir has undergone a major administrative reshuffle with the transfer of 49 officers, including 42 IAS officials. The orders for these transfers were issued by Lieutenant Governor Manoj Sinha, marking a significant change in the region's bureaucratic setup.

News18 Hindi··Jammu and Kashmir

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World

India's Exotic Pet Trade Grows Faster Than Legal Oversight

Jose Louies, CEO of Wildlife Trust of India, has tracked India's exotic pet trade for over 20 years. Initially limited to birds like parrots and cockatoos in circuses and discreet markets, the trade has expanded significantly since 2010, fueled by the internet. Despite efforts by forest departments and animal rights groups, the legal system struggles to keep pace with this growing industry.

The News Minute·

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Business

Vedanta Board to Decide Interim Dividend on October 8

Vedanta's board will meet on October 8 to decide on the first interim dividend for fiscal year 2026-27. The dividend amount is yet to be finalized. The company has set October 14 as the record date. Trading windows will remain closed for some designated persons until the Q2 results. In Q1, Vedanta's profit rose to ₹5,294 crore, with EBITDA up 13% to ₹8,501 crore.

News18Hi Business·

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