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Apr 5, 2024 | apnnews.com | Essar Power

MPC Quote from Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life Insurance CompanyPublished on April 5, 2024The Monetary policy was on expected lines on status quo on rates and no change in stance, the focus of the MPC to bring the inflation to 4% on a sustainable basis. The RBI Governor has stated that they will be nimble-footed with respect to liquidity. The GDP has been pegged at 7% for the year and the inflation at 4.5%.

Apr 5, 2024 | apnnews.com | Essar Power |Rajiv Agarwal |Essar Ports

“The prudence of the RBI’s decision to maintain the repo rate at 6.5%, reflects a measured response to the dynamic global economic landscape. RBI’s emphasis on domestic factors showcases its commitment to financial stability and the crucial role of sustenance in navigating market uncertainties. The well measured policy stance will support the energy sector’s long-term sustainability and robustness, aligning with the industry’s vision for a cleaner and greener future.

Apr 5, 2024 | apnnews.com | Essar Power

Gurugram : To uplift the underprivileged and elderly of society, RupeeRedee- India’s leading digital lending platform has joined hands with Earth Saviours Foundation for its continued commitment to uplift the underserved segment by distributing medical support and food worth Rs 15 lakhs. The Earth Saviours Foundation has a 16-year-long legacy of working towards social improvement from their old-age home and rescue centre in Gurugram, Haryana.

Apr 5, 2024 | apnnews.com | Rajiv Agarwal |Essar Ports |Essar Power

“RBI’s decision to keep the repo rate unchanged in the first monetary policy of FY 2024-25 comes as no big surprise. The policy stance of ‘withdrawal of accommodation’, ensures that inflation progressively aligns to the target, while supporting economic growth. A stable monetary policy is vital for fostering a conducive environment for the shipping and ports sector.