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Indian News

RBI cuts rates, turns ‘accommodative’ as economy slows

Repo rate is the rate at which the RBI lends money to commercial banks. A repo rate cut allows banks to reduce interest rates for consumers on loans, and lowers equal monthly instalments on home loans, car loans and personal loans. India’s economy grew just 6.8 per cent in 2018-19, according to government data. In the fourth quarter (January to March), the growth dipped to 5.8 per cent, marking a five-year low.

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Health Minister Harsh Vardhan Writes to CMs of Delhi, Odisha, Telangana & Bengal; Urges Them to Join Ayushman Bharat

Urging the states to join the scheme, the minister said they would gain in terms of resources, national portability, state-of-the-art technological platforms, implementation systems and world-class analytics systems at no additional cost.They would also benefit from a well-proven fraud monitoring-and-control system and the exchange of key learnings and best practices of other states towards equitable healthcare, he added.

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