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As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time. The RBI has kept interest rates unchanged since February 2023.
Lohia: A comprehensive policy on the components for Electric Vehicles (EV), inclusion of commercial vehicles for incentives, clarity on the Goods and Services Tax (GST) on spare parts and consistency on the policy front, are the expectations of industry players from the forthcoming Interim Budget for transition from petrol/diesel vehicles to EVs.
A comprehensive policy on the components for Electric Vehicles (EV), inclusion of commercial vehicles for incentives, clarity on the Goods and Services Tax (GST) on spare parts and consistency on the policy front, are the expectations of industry players from the forthcoming Interim Budget for transition from petrol/diesel vehicles to EVs.
The Reserve Bank of India's Monetary Policy Committee (MPC) has begun a three-day meeting to discuss the next set of bi-monthly monetary policy. The expectation is for a continued pause on the short-term key lending rate, considering the momentum in GDP growth and manageable inflation. RBI Governor Shaktikanta Das is set to announce the MPC's decision on December 8
RBI left the benchmark policy rate (repo) unchanged in its past four bi-monthly monetary policies.