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Short-term lending rate unchanged for 7th consecutive time - RBI announcement
  • The RBI releases the Fiscal Policy Review Report every two months. According to this, the meeting for the current month was held under the chairmanship of Reserve Bank Governor Shakti Kantha Das. The results were announced yesterday. 
  • There is no change in the repo rate for short-term loans offered by RBI to banks. Hence the repo rate will remain at 6.5%. It was unchanged for the 7th time in a row.
  • The repo rate has remained unchanged as it is keenly focused on bringing inflation under control. Key lending rates also remained unchanged. Measures are being taken to keep inflation within the target of 4 percent. However, inflation for the current financial year will be 4.5 percent. 
  • Economic growth for the current financial year is expected to be 7 percent. As stated. As there is no change in the repo interest rate, the interest rate for home loans and personal loans will remain unchanged. There was an expectation that the repo rate might be cut due to the Lok Sabha elections.
UN Resolution for Gaza Ceasefire
  • On October 7 last year, Hamas launched a barrage of about 5,000 missiles at Israel. They invaded the country and massacred around 1,200 people. In addition, more than 200 women, children, elderly and soldiers were abducted by Hamas into Gaza. Following this, the war between Israel and Gaza has been going on for 6 months. More than 33,000 Palestinians have been killed in Israeli attacks so far.
  • In this situation, UN Yesterday (April 5) 4 resolutions were brought against Israel in the Human Rights Council. India voted in favor of 3 resolutions. UN urged to ensure immediate ceasefire in Gaza India abstained from voting on the resolution brought in the Human Rights Council.
  • It called for an end to the supply of arms, ammunition and other military equipment to Israel and for justice for war crimes. The resolution also emphasized the provision of basic needs and emergency aid to the Palestinian people.
  • The resolution also condemned last year's attack on Israel by Hamas. The resolution also demanded the release of hostages held by Hamas. Thirteen countries, including India, Japan, the Netherlands, France and Romania, did not participate in the vote on the resolution.
  • 28 countries including China, Brazil, Indonesia, Bangladesh, Maldives, United Arab Emirates, Qatar and South Africa voted in favor of the resolution. The United States, Argentina, Bulgaria, Germany, Malawi and Paraguay voted against the resolution.
  • 42 countries, including India, voted in favor of the resolution affirming the rights of the Palestinian people. 42 countries, including India, voted in favor of the resolution demanding the release of Israel's occupation of the Syrian Golan region. India also voted in favor of the resolution calling for the release of areas occupied by Israel in Palestine, including East Jerusalem.

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