Home News RBI hikes repo rate by 0.25%, 25 Ministers inducted into Kumaraswamy Cabinet, and other top stories of the day

RBI hikes repo rate by 0.25%, 25 Ministers inducted into Kumaraswamy Cabinet, and other top stories of the day

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The six-member monetary policy committee of the Reserve Bank of India (RBI) has unanimously decided to increase the key policy rate or the repo rate by 25 basis points to 6.25% as inflation outlook worsens due to a rise in crude oil prices.

Twenty-five legislators of the Congress and the Janata Dal (Secular) were sworn in as Ministers in Bengaluru on Wednesday. Governor Vajubhai Vala administered the oath of office to them at the Raj Bhavan from 2. 12 p.m. The Cabinet headed by Chief Minister H.D. Kumaraswamy, now has 10 Ministers from the JD(S).

Congress president Rahul Gandhi launched his party’s campaign for the Assembly polls in Madhya Pradesh, scheduled in November, by promising the State’s farmers a loan waiver within 10 days of the party coming to power.

The BSF has decided to not lower guard and continue to maintain a high-level vigil along the International Border in the Jammu Frontier despite a recent sector commander-level meeting held to ease tensions, a senior official said on June 6.

Myanmar and U.N. agencies signed an agreement that might eventually lead to the return of some of the 700,000 Rohingya Muslims who fled brutal persecution by the country’s security forces and are now crowded into makeshift camps in Bangladesh.

In an early morning crackdown, a team of the Pune police on Wednesday arrested five activists in Delhi, Mumbai and Nagpur for their alleged linkages with Naxalism and the Bhima-Koregaon clashes of January 1 last, a day after the ‘Elgaar Parishad’, organised to commemorate the bicentenary celebrations of the  Bhima-Koregaon battle.

Facing flak from some farmers’ leaders for meeting Karnataka Chief Minister H.D. Kumaraswamy over the Cauvery issue, actor-turned politician Kamal Hassan on Wednesday defended his initiative saying there was no restriction to work for a noble cause.

Why mother stick insects literally die for their children; astronauts need their veggies; why it may become impossible to find Nemo in the future

A Chennai-based developer has won a design award for his app “Calzy 3” at the Apple’s Worldwide Developers Conference (WWDC) 2018. Developed by Raja Vijayaraman, “Calzy 3” is a highly customisable calculator that uses iOS technologies to offer features like Multitasking, Face ID and Touch ID.

The market for legal sports gambling in the United States widened significantly on Tuesday with the expansion of single-game sports bets in Delaware, putting legal wagering within driving distance of three major East Coast cities less than a month after the U.S. Supreme Court cleared the way for states to accept the bets.

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