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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.

Russia’s Aeroflot Cuts Superjet Flights After Fatal Crash in May

Flightradar24 data shows Aeroflot has also at times substituted Airbus or Boeing planes for the Superjet, the first new passenger jet developed in Russia since the Soviet Union collapsed.Fallout from the crash risks undermining the aircraft’s reputation at a time when Russia is promoting another domestically made passenger plane, the M-21, as a rival to Boeing and Airbus.

Avoid tea, coffee and alcohol, stay indoors: Govt issues advisory as India sizzles under heatwave

“Person feeling unwell, especially old aged, young children, pregnant women, those with pre-existing medical conditions, and outdoor workers, should be immediately shifted to a cooler place, put on minimum clothing, be sponged with cold water, applied ice packs wrapped in cloth, and transported to nearest health facility,” the advisory said.