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No relief
The MPC surprised markets by not going in for a rate cut despite pegging down growth projections to 5 %
Read more: MPC could have opted for a rate cut
Propping oil prices
Worried by slumping oil prices, OPEC has voted to cut output by 5 lakh a barrels per day from 2020.
Also read: OPEC+ agrees to cut output target by 500,000 barrels a day
24/7 transfer
The NEFT facility will henceforth not be restricted to banking hours, RBI has said.
Also read: NEFT to be available 24x7 from December 16: RBI
Recall problems
Maruti Suzuki is readying to recall one lakh smart hybrid cars on battery issues
Also read: Maruti Suzuki to recall one lakh units of smart-hybrid variants of Ciaz, Ertiga, XL6
Taking a toll
Tepid auto sales have led to the component industry shedding 1 lakh temporary jobs between October 2018 and July 2019, ACMA said.
Read more: One lakh temp jobs gone in 10 months till July: ACMA
Good Rabi
Rabi sowing has been proceeding briskly with more area sown this year compared to a year ago.
Also read: Rabi sowing crosses 400 lh
Real estate fund
The Government fund to provide last mile finance to stuck affordable home projects has received Rs 10.530 crore from the Government and public sector institutional investors.
Also read: SWAMIH achieves first closure at Rs 10,530 crore
Compiled by Aarati Krishnan
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