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Repo rate hiked for 6th time - RBI decision
  • RBI conducts a monetary policy review meeting once in 2 months and various policy decisions including interest rates are taken. In this way, the meeting for the current month started on the 6th last under the chairmanship of Reserve Bank Governor Shakti Kanthadas. The results were announced.
  • Accordingly, the repo rate for short-term loans has been increased by 0.25 percent to 6.5 percent. The decision was taken on the basis of 4 of the 6-member committee recommending a rate hike, RBI said.
  • The RBI has been increasing the repo rate to control inflation. Due to this the monthly installment (IMI) for home, auto and personal loans is increasing. This decision has come as a shock to the loan installment payers as the loan interest rate has already exceeded 9 percent in most of the banks.
  • The Reserve Bank has predicted that the country's economic growth will be 6.4 percent in the coming financial year 2023-24. Inflation is expected to decelerate to 5.3 percent in the coming fiscal from the current average of 6.5 percent.
Chief Minister M.K.Stalin launched the second phase of the Pudumai Pen project
  • In order to benefit 1,04,347 college girls in Tamil Nadu, Chief Minister M.K.Stalin yesterday distributed Rs.1000 to the students of Pattabiram Hindu College, Thiruvallur district, as part of the 2nd phase of the Pudumai Pen program.
  • In appreciation of female education, the DMK government has introduced a scheme of giving Rs.1000 to college girls to ensure higher education and to ensure that today's female society becomes a well-educated, literate and technological society. Accordingly, in a ceremony held in Chennai on 5.9.2022, in the presence of Delhi Chief Minister Arvind Kejriwal, under the Muvalur Ramamirtham Ammaiyar Higher Education Guarantee Scheme on behalf of the Department of Social Welfare and Women's Rights, stipend of Rs.1000 per month will be given to school students from 6th to 12th standard in government schools. Chief Minister M.K.Stalin launched the Women' program. 1,16,342 female students are benefiting from the first phase of Pudumai Pen Scheme.
NTPC wins 'Best ATT Award' for 6th consecutive year
  • National Electric Power Corporation (NTPC), the country's power generation company, has been awarded the Best ATT Award by the Association for Capacity Development (ATT) in the United States.
  • This is the 6th time that NTPC has received this award for its successful performance in the Skill Development category. The award is given to small and large private, government and charitable organizations around the world.
  • The Association for Skill Development in the United States is the largest association in the world. The ATT Excellence Award is a much-loved award in recognition of teaching and development.
The first meeting of the G20 Tourism Working Group was held in the Kutch desert region of Gujarat
  • The first meeting of the G20 Tourism Working Group was held in the Kutch desert region of Gujarat. The inaugural session was addressed by the Union Minister for Tourism, Culture and North East Regional Development, Mr. G Kishanreddy, Union Minister for Fisheries, Animal Husbandry and Dairying, Mr. Parshotham Rupala, Gujarat Chief Minister, Mr. Bhupendra Bhai Patel, along with remarks from India, Brazil and Indonesia.

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