May 01, 2025 11:02 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Don't demoralise our forces: Supreme Court rejects plea seeking judicial probe into Pahalgam terror attack | PM Modi inaugurates WAVES, says right time to 'Create In India, Create For The World' | Kolkata fire: Hotel owner and manager arrested after blaze kills 14 | Pahalgam terror attack: US appeals to India and Pakistan to de-escalate border tensions | Pahalgam fallout: Instagram accounts of Mahira Khan, Hania Aamir, other Pakistani actors blocked in India | India shuts airspace for all Pakistani flights days after Pahalgam massacre | Bangladesh Supreme Court stays HC order granting bail to Chinmoy Krishna Das in sedition case | After Pahalgam terror attack, India warns Pakistan over 'unprovoked firing' along LoC: Report | PM Modi to skip Russia's Victory Day parade on May 9 in backdrop of Pahalgam attack | PM Modi holds top cabinet meetings amid India's wait for Pahalgam terror attack revenge
Repo Rate
RBI Governor Sanjay Malhotra announced the repo rate cut at a press conference on Friday | Photo courtesy: Screen-grab from RBI X video

RBI cuts repo rate by 25 basis points, first in five years

| @indiablooms | Feb 07, 2025, at 10:56 am

New Delhi/IBNS: The Reserve Bank of India (RBI) on Friday reduced the repo rate by 25 basis points from 6.5% to 6.25% in another step to boost the economy, media reports said.

This is the first time in five years the RBI has reduced the repo rate.

The last time when the rate was reduced was in May 2020.

RBI Governor Sanjay Malhotra said India is not immune to the challenging global economy, which is growing at a slower rate.

The repo rate cut was announced just days after the Union Budget 2025 provided a huge relief to the middle class taxpayers by exempting tax on an annual income up to Rs. 12.

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 with a focus on encouraging private investment, assuaging the middle-income constituency and strengthening growth.

Amid high food inflation and shrinking disposable incomes that affected the country's growth story, the FM, who has been accused of unleashing tax terrorism earlier, announced transformative reform in taxation while addressing farmers, the poor and youth besides women.

The FM said the salaried class will not pay any income tax upto Rs 12.75 lakh per annum in the new tax regime while recognising the four engines of growth- agriculture, MSME actor, investment and exports.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm
Close menu