When terror strikes, India stands taller!
Saluting our Indian Army for turning courage into action. May justice always prevail. Jai Hind 🇮🇳
#OperationSindoor#JaiHind
RBI Policy Updates :
Good for Economy & Market
1. RBI Reduces CRR by 50 basis points; To improve liquidity in system, RBI reduced CRR to 4% from to 4.5% in two tranches of each 25bps starting 14th dec 2024.
What is CRR : Cash Reserve Ratio is the proportion of deposits that banks must set aside as cash.
Reducing it by 50 basis points would free up 116000 Crores for fresh bank lending and push down market interest rates. Good for Economy, but will certainly bring down Deposit Rates in near future.
CRR currently at 4.5%, Now after Dec 14th , CRR would be 4%.
2. Credit Line on UPI : Small finance banks to extend pre-approved UPI credit line. Good for Small Businesses as easy and fast credit is now on click of button. FMCG should be at advantage.
3. Limit of Farm Loan (Collateral free) revised from 1 Lacs to 2 Lacs. Good for economy and Farming community. Will boost agri spending and definitely Farm and Agri Machinery sector will get the direct benefit.
NOT so Good News:
1. RBI revised GDP forecast from 7.2% to 6.8% for FY 24-25.
GDP forecast for FY 24-25 is now revised downwards considering Q2 GDP growth rate at 5.4% which came as shocker.
2. Inflation estimate revised from 4.5% to 4.8% for FY 25
Inflation is the rate at which prices for goods and services increase over a period of time. It's a broad measure that can refer to the overall increase in prices or the rise in the cost of living in a country. Not a good news as it will be a drain on our pockets.
#rbipolicy #RBICreditPolicy #investing #Growth #niftytoday #NiftyBank #nifty #banknifty
🇮🇳💔 𝗜𝘁 𝗷𝘂𝘀𝘁 𝘄𝗮𝘀𝗻'𝘁 𝗺𝗲𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲! Despite another strong performance from Manu Bhaker in the final, she unfortunately missed out on securing a third Olympic medal at #Paris2024.
👏 Keep your chin up queen, you have already made India proud with your efforts!
👉 𝗙𝗼𝗹𝗹𝗼𝘄 @sportwalkmedia 𝗳𝗼𝗿 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝘃𝗲 𝗰𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗼𝗳 𝗜𝗻𝗱𝗶𝗮𝗻 𝗮𝘁𝗵𝗹𝗲𝘁𝗲𝘀 𝗮𝘁 𝘁𝗵𝗲 𝗣𝗮𝗿𝗶𝘀 𝗢𝗹𝘆𝗺𝗽𝗶𝗰𝘀 𝟮𝟬𝟮𝟰!
📸 Pics belong to the respective owners • #ManuBhaker #Paris2024 #ParisOlympics #OlympicGamesParis #IndianSports #IndianShooting #Cheer4India #TeamIndia #Sportwalk
@RishabhPant17 Commendable step bhaiyaa, some accounts were making fake promises of 500-1000 rupees and fooling innocent people for engagement. This will resist most of them