Prime Minister Narendra Modi, who faces crucial state elections in his home state of Gujarat next month, is under pressure to revive economic growth, which slipped to 5.7 percent in the April-June quarter, the slowest pace in three years.
The MPC in August cut its key policy rate by 25 basis points to 6%, the lowest since November 2010. It was much higher at 3.32 per cent in October 2016.
Housing inflation grew marginally at 6.68 percent in October from 6.1 percent in September.
Indicating the adverse macroeconomic impact of the rise in crude oil prices, global financial services company Nomura Holdings Inc. said every $10 per barrel rise in the price will worsen India's retail inflation by 0.6-0.7% points and the current account balance by 0.4% of gross domestic product (GDP). Inflation in pulses continued to decline and settled at (-) 23.13 per cent. Recently, the Goods and Services Tax (GST) Council, even after pruning the 28 per cent slab, chose to keep the above items in the top slab.
Lyft's first stop outside the US
Furthermore, the company is operating at a bit of a disadvantage since Uber is already in Toronto and other parts of Canada. The move comes as its competitor Uber continues to face challenges overseas .
Anthopoulos to be named Braves GM
Anthopoulos, a native of Canada, served as the Blue Jays GM from 2010-2015, after joining the organization in 2003. But Kansas City did not give permission to Moore to interview for the position.