Important decision may be made on reducing interest rates in MPC meeting
Union Finance Minister Nirmala Sitharaman will address the Central Board of Reserve Bank of India (RBI) on 8 February. During this time, she will tell about the major proposals of the General Budget 2025-26 including the historic and tremendous relief given in income tax to increase demand. This is said to be a very important meeting after the budget was presented on 1 February, which is to be held on Saturday this week. In this meeting, the Finance Minister will address the members of the Reserve Bank of India Board and will tell about the steps taken by the government in the budget, so that there is a good balance between the growth and fiscal understanding of the country.
Important decision may be made on reducing interest rates in MPC meeting
Let us tell you that Finance Minister Sitharaman will address a day after the announcement of the results of the RBI Monetary Policy Committee (MPC) meeting. It is believed that the MPC can decide to reduce the major policy rate in the meeting. According to the established tradition, the Finance Minister will address the RBI board after the budget. Sitharaman will be accompanied by Minister of State for Finance Pankaj Chaudhary and Finance Secretary, Secretary of Economic Affairs, Expenditure Secretary, Financial Services Secretary and other officers.
Large announcement made for middle class in the budget of financial year 2024-25
Let us tell you that the Finance Minister presented the country’s budget on 1 February 2025. The government made many big and important announcements in this budget presented for FY 2025-26. In this entire budget, special attention has been taken to the country’s millions of middle class family and farmers. Nirmala Sitharaman announced to make the income of up to Rs 12 lakh completely tax free under the new tax system. While this exemption for employed people has been announced to increase up to Rs 12.75 lakh.
Latest business news
