Competition with confirmed field of more than 800 to be held at Al Nasr Club Dubai from May 17-19
The RBI has reduced the key policy rate by 25 basis points to 6 per cent.
The inflation path during 2019-20 is likely to be shaped by several factors. First, low food inflation during January-February will have a bearing on the near-term inflation outlook.
"Taking into consideration these factors and assuming a normal monsoon in 2019, the path of CPI inflation is revised downwards to 2.4 per cent in Q4:2018-19, 2.9-3.0 per cent in H1:2019-20 and 3.5-3.8 per cent in H2:2019-20, with risks broadly balanced," the RBI said.
In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the first half of 2019-20.
Among others, the apex bank said Consumer Price Index-based inflation, excluding food and fuel, in February was lower than expected, which has imparted some downward bias to headline inflation.
Meanwhile, international crude oil prices have increased by around 10 per cent since the last policy announcement.
Highlights of RBI monetary policy
* This is second back-to-back rate cut;
* RBI maintains Neutral stance on the monetary policy;
* Four out of six MPC members voted in favour of rate cut;
* GDP growth projection lowered to 7.2 per cent for 2019-20;
* RBI revises downward retail inflation estimate to 2.4 per cent in Q4 FY19.
* MPC notes output gap remains negative and domestic economy facing headwinds;
* Next monetary policy statement on June 6.
Competition with confirmed field of more than 800 to be held at Al Nasr Club Dubai from May 17-19
Netanyahu says ground assault on Rafah is vital to the mission of destroying Hamas to prevent any repetition of the October 7 attack
Sheikh Mohammed said that the leaders also discussed topics to consolidate Arab cooperation in common economic, political and social fields
Onpassive, Equiti, Mashreq, and Energy stations have been shut since unstable weather conditions hit the country in April
Child marriages are common in the north, where poverty levels are higher than the largely south
Medical teams in Abu Dhabi transfer the wounded and those in need of immediate care to hospitals
Since April 16, individuals held multiple meetings with employers, suggesting work-from-home options during challenging situations
Official says around 500 tonnes of aid is expected to enter the Palestinian territory in the coming days