The Monetary Policy Committee (MPC) of RBI by a majority decided to raise the policy repo rate by 25 basis points & keep a 'strong vigil' on inflation outlook
Finmin asked banks to increase credit penetration in aspirational districts & ensure availability of banking outlet within five kms of all inhabited villages
Finance ministry has called a meeting for heads of public sector banks & financial institutions to review the progress of various social sector schemes
The Finance Ministry has decided to defer the sale of AAI's residual stakes in four private joint venture airports as the valuations could be lower now