RBI Mpc meet , Power output in India, Google shut down some operations, e Court
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RBI MPC meeting outcome : Shaktakanta das, RBI governor today surprised India by keeping the repo rate at 6.5% without any change as expected . It was expected he may raise it by 25 basis point . Share market bounced back positively to the intraday high of 59914 in the BSE . RBI has prefered growth over inflation . This will help auto , real estate ,consumer durable , infrastructure sectors . RBI governor has forecasted inflation for FY 24 to 5.2% to 5.3% .MPC has projected real GDP to 6.5% in FY 24. He also mentioned the turbulence in banking sector of US .
2. India’s power output reaches 33 year high : India’s power output has seen record jump due to coal fueled plants . The output has reached 33 year high . This has also increased the emission . The increased output is due to summer heat , colder winter and economic recovery .Fossil fuel based plant had a growth of 11.2% and coal fired plant recorded 12.4% increase in production . High liquified natural gas prices have increased. So gas fired plant output has decreased .
3. Google will shutdown the following services : Google will shutdown Google Now Launcher . This is happening after 10 years . It will be shutdown by this month end and it was initially called Google Experience Launcher . It offered neet and clean user interface . Google also has shutdown currents . This version is for social media platform Google plus. It will be discontinued after 3 years of operation. The decision to discontinue was due to low usage and replacement by Chat and spaces .
4. Kiren Rijiju has stated E-court to transfer judiciary : In a function at Guwahati high court the minister stated that the government is for independent judiciary . To deal with high number of cases pending in court e-court will help to reduce pendency .He stated that 7000 crore is approved by central government. The aim of this move is to change the judiciary digital and paperless .
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