Connect with us

Business

From ‘Reluctant Raghu’ to ‘Rate-cut-Raghu’: Anand Mahindra

Published

10 years ago

on

Chennai: Automobile group Mahindra & Mahindra (M&M) chairman Anand Mahindra Thursday termed RBI governor Raghuram Rajan as ‘Rate-cut-Raghu’, following the central bank’s decision to cut the repo rate by 25 basis points.

Reacting to the rate cut Anand Mahindra tweeted: “Three cheers! The RBI governor has moved from being ‘Reluctant Raghu’ to ‘Rate-cut-Raghu’!”

However, he said the market’s euphoria is justified only if this signals more rate cuts to follow.

“Need 100 bp (basis point) reduction for a tangible impact on consumption,” he tweeted.

“The confidence of the RBI (Reserve Bank of India) that the global deflationary trend would continue and that the government would be able to keep its words on fiscal consolidation has led it to move with an out-of-policy rate cut,” said Indranil Pan, chief economist, Kotak Mahindra Bank.

“With the first rate cut done, we expect the RBI to stay on course for more cuts of 25 basis point each in the near future. Key domestic events for the RBI are the Union Budget 2015-16 where a high quality fiscal consolidation is sought. Given that the fiscal is in order we would expect the next cut to be in the first week of March, after the budget in February,” he said.

According to him, the extent of the cut may still not be too deep and the extent could be capped at a cumulative 75-100 basis point.

RBI has to be careful of the inflation expectations if growth picks up while the savers also need to be provided with adequate real returns for the savings rate in India to rise and reduce reliance on foreign money for growth, he added.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending