Repo rate is the rate at which the central bank lends money to the commercial banks, in case of any shortfall of funds.
RBI cuts repo rate by 35 bps to 5.40%, reduces FY20 growth forecast to 6.9%View More
The auto industry also wants the government to direct banks not to reduce lending to those segments which has the lowest NPA, such as the passenger vehicles segment
As crisis deepens, auto industry seeks stimulus package from govtView More
A slump in sales is also triggering massive job cuts in the sector that employs 35 million people directly and indirectly….
Mahindra warns of job losses in auto sector, seeks government's helpView More
Multi Commodity Exchange wants partial hedging for metals on local boursesView More
The centre has decided to auction 27 coal blocks to private companies who can sell 25% of the produce in the open market at a premium of 15% over their bid price for winning these blocks. Rest of the coal is meant for captive consumption intended for iron & steel, cement, captive power plants.
Centre readies 27 block for commercial miningView More
Google today pledged to include recycled materials in all of its Made By Google products by 2022.