The RBI has reduced the repo rate by 50 basis points to 5.5% and shifted its policy stance to neutral, citing easing inflation and a push for growth. A 100 bps CRR cut will inject ₹2.5 lakh crore into the banking system.
With DAP production reaching 3.84 lakh metric tonnes, the government assures uninterrupted fertiliser supply for the Kharif season while pushing sustainable farming through PM-PRANAM.