What’s happening here why 28% GST on two wheelers and cements.Even drinking water has 18% 🤦♂️Now affording bikes and building homes will get expensive what Will middle class people do.Seriously I don’t know why is this happening
Keep the repo rate we understand that inflation is dangerous but this kind of High gst is just unacceptable everyone will get affected by this
0 replies1 like
More like this
Recommendations from Medial
Rabbul Hussian
Hey I am on Medial • 3m
The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years.
What is the repo rate?
It’s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans
⚠️Big Warning
India's retail inflation surged to all time high, breaching the RBI's tolerance limit of 6%. This sharp increase, primarily driven by soaring food prices, has dampened hopes for an early rate cut by the RBI. X
Food inflation reached 9.
About Rates in the market...
To strike a balance in market, the RBI has to consider all economic factors and carefully set the key rates. Any imbalance in these rates can lead to economic chaos:
1)Repo Rate:-The rate at which RBI lends money to oth
"RBI Expected to Cut Repo Rate by 25 Basis Points to 6.25% in December Amid Concerns Over Volatile Food Prices"
"RBI Likely to Cut Key Policy Rate by 25 Basis Points to 6.25% in December as Inflation Expected to Ease, Aiming to Boost Economic Growth
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6.25%.
This is the first rate cut in five years, with the last one occurring in May 2020.
1 replies3 likes
RootDotAi
From the ROOT to the... • 1y
Here's a Summary of the FED decision on March 20, 2024:
1. The Federal Reserve keeps interest rates steady at 5.50% for the fifth consecutive meeting.
2. The Fed maintains its anticipation of three interest rate reductions in 2024.
3. The proje
Indian household debt has skyrocketed, reaching Rs 120 trillion in March 2024, a 56% increase since June 2021.
This has pushed the debt-to-GDP ratio to 42.9%, raising concerns about consumer spending.
With housing loans comprising 30% and vehicle
See More
0 replies2 likes
Anuska Chatterjee
Trust = FIVS • 4m
In this era Indian money annual inflation rate is almost 6% . In this situation according to u what is the best way to invest your money or in which field? Ans sensitively.
This is the best time to get Home loans
you'll save a lot of interest due to repo rate deduction throughout the next few years.
Take my advice buy a property or you'll regret in the future
0 replies6 likes
Vishu Bheda
Transforming vision ... • 1y
Technicals do not work in this kind of high volatile markets.
Do you agree?