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The Reserve Bank of India’s Monetary Policy Committee (MPC) began its three-day meeting on Tuesday, with expectations running high for a policy rate cut to support economic growth in the face of external uncertainties, including recent tariff moves by the US.The committee, chaired by RBI Governor Sanjay Malhotra, will announce its decision on Friday. Analysts and economists are widely anticipating either a 25 basis points (bps) cut or a surprise 50 bps reduction in the repo rate, which currently stands at 6 per cent following two 25 bps cuts in February and April 2025.If the central bank opts for another cut, it would mark the third consecutive reduction in the benchmark lending rate this year.In response to the earlier 50-bps easing, most banks have already lowered their external benchmark-linked lending rates (EBLRs) and marginal cost of funds-based lending rates (MCLR).While many experts anticipate a gradual cut, SBI Research suggests a more aggressive move. “The central bank may go in for a ‘jumbo’ rate cut of 50 bps in June itself,” the research note said, as quoted PTI.CareEdge Ratings said the current inflation trends give the RBI room to prioritise growth. “This opens room for further monetary policy easing. We expect the RBI MPC to cut the policy rate by another 50 bps in FY26 (including 25 bps in June), with chances of a deeper rate cut cycle if growth falters,” the agency noted.Deepak Aggarwal, Co-founder and Co-CEO of Moneyboxx Finance, echoed this view, saying, “With inflation expected to remain below the RBI’s 4 per cent target and growth holding steady, the upcoming MPC meeting presents an encouraging window for a calibrated rate cut. A lower interest rate regime, supported by targeted liquidity measures, can meaningfully strengthen credit flow to MSMEs and NBFCs, especially those serving rural and semi-urban regions.”Raoul Kapoor, Co-CEO of Andromeda Sales and Distribution, noted strong expectations for another round of easing. “Should another 25 bps rate cut occur, it would bring the cumulative rate reduction in the calendar year 2025 to a notable 75 basis points,” he said. “The easing of rates not only provides immediate financial relief but also stimulates consumer spending and investment, potentially bolstering overall economic growth. As a result, both existing and potential borrowers can look forward to a more favourable borrowing landscape in the coming months.”Mandar Pitale, Head of Financial Markets at SBM Bank (India), highlighted that the meeting follows a strong GDP growth print of 7.4 per cent, well above market expectations of 6.8 per cent. “We expect a 25 bp cut in policy rate at the June MPC meeting. This, coupled with the ongoing accommodative stance, will position MPC to react to any data surprises on either side,” Pitale said, adding that another 25 bps cut could follow in August.Rohit Arora, CEO and Co-Founder of Biz2X & Biz2Credit, sees a cut of 25–50 bps as likely. “This would provide a timely boost to credit flow, especially for MSMEs and housing, while reinforcing growth momentum. While the RBI remains focused on domestic conditions, global cues like the US Fed’s projection of two rate cuts in 2025 also provide comfort on the external front,” Arora said.The six-member MPC includes three RBI officials and three external members appointed by the government. Along with Governor Sanjay Malhotra, the RBI is represented by Deputy Governor M Rajeshwar Rao and Executive Director Rajiv Ranjan. The external members are Nagesh Kumar, Director and CEO of the Institute for Studies in Industrial Development; Saugata Bhattacharya, economist; and Professor Ram Singh, Director of the Delhi School of Economics.
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Modi’s Asia Double Play: Japan Now, China Next — What India Wants (and Risks)
ndia has kicked off a tightly choreographed Asia tour at a delicate moment. Prime Minister Narendra Modi is in Tokyo first, meeting Japan’s Prime Minister Shigeru Ishiba, before flying to Tianjin for the SCO summit hosted by China. The sequencing matters: Japan is a steadfast strategic and economic partner; China is a rival with whom India still needs a functional modus vivendi. The backdrop? Up to 50% US tariffs on Indian exports, which raise the premium on diversified trade and investment ties. ReutersAP NewsThe Times of IndiaThe Guardian Why Japan first Tokyo and New Delhi are doubling down on a “special strategic and global partnership” built over two decades. Expect deliverables in economic security (critical minerals, supply chains), high-tech collaboration, and infrastructure. Reports suggest the leaders are setting a decade-long joint vision and pushing private-sector investment goals alongside people-to-people exchanges […]
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Luxury skincare expansion: L’Oreal acquires majority stake in Medik8; announces 1 billion Euro deal
[ad_1] Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty giant announced the deal on Monday, though financial terms were not disclosed.The transaction, which sees UK-based private equity firm Inflexion selling its majority holding, reportedly values Medik8 at around 1 billion Euro, according to a source familiar with the matter. Inflexion will retain a minority share, while L’Oreal has secured the option to eventually buy out all remaining shareholders, Reuters reported.“We are delighted to welcome Medik8 to the L’Oréal family. As a premium skincare range, with high levels of proven efficacy at an accessible price point, Medik8 perfectly complements our existing skincare portfolio,” Cyril Chaupuy, president of L’oreal Luxe said.“This acquisition further strengthens L’Oreal’s luxe portfolio, adding a premium […]
270 million pulled out of poverty! How Modi government achieved a remarkable dip in extreme poverty & what’s the road ahead? Explained
[ad_1] India’s GDP has more than doubled in the last decade, and experts believe that this has trickled down to the poorest. (AI image) Marking a big achievement over the last decade, extreme poverty in India has dropped substantially from 27.1% in 2011-12 to 5.3% in 2022-23, according to the latest World Bank data. The remarkable progress under the Narendra Modi government has come despite the World Bank raising its poverty threshold to $3 per person per day from $2.15 per person per day earlier.Incidentally, India’s huge reduction in extreme poverty comes at a time when globally there has been an increase in the number of people below the poverty line. According to a government fact sheet, India has emerged a statistical outlier in the positive direction.The latest data is being seen as a boost in the government’s economic growth […]
Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
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