The 15th Hockey India Senior Men National Championship, set to take place from April 4 to
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Finanace Ministry positive on RBI decsion, change in stance | ||||||||
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The Finance Ministry is positive on the RBI monetary policy panel's decision to cut the repo rate ' title=' repo rate '>repo rate by 25 basis points (effecting a third consecutive reduction in 2019 and the all important change in its stance from "neutral to accomodative"), which would pave the way for consideration by RBI for any further rate cut. There is so far no official response from the North Block on the RBI decision, but sources said the Monetary Policy Committee (MPC) decision would be helpful for reviving growth, consumption, investment and demand. On Wednesday, the government had announced two cabinet panels -- one on growth and another on employment to tackle the slowdown. | ||||||||
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