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RBI holds interest rates steady at record lows as economic outlook improves

“Going forward, the Indian economy is poised to move in only one direction and that is upwards. It is our strong conviction, backed by forecasts, that in 2021/22, we would undo the damage that COVID-19 has inflicted on the economy,” Reserve Bank of India Governor Shaktikanta Das said after announcing the rate decision.

The repo rate or RBI’s key lending rate was held at 4% while the reverse repo rate or its borrowing rate was left unchanged at 3.35%.

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COVID-19: India records 12,408 new cases, 120 fresh fatalities

The number of people who have recuperated from the disease surged to 1,04,96,308 pushing the national COVID-19 recovery rate to 97.16 per cent, while the COVID-19 case fatality rate stands at 1.43 per cent.

The COVID-19 active caseload remained below 2 lakh.

There are 1,51,460 active cases of coronavirus infections in the country which comprises 1.40 per cent of the total cases, the data stated.

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High levels of toxic heavy metals found in some baby food – U.S. report

Representative Raja Krishnamoorthi, a Democrat who chairs the panel that released the report, said it found “these manufacturers knowingly sell baby food containing high levels of toxic heavy metals … It’s time that we develop much better standards for the sake of future generations.” A Food and Drug Administration (FDA) spokesman said the agency was reviewing the report.

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