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International Tea Day 2020

International Tea Day is observed on 21 May every year by the United Nations Food and Agriculture Organisation (FAO). The day provides an opportunity to celebrate the cultural heritage, health benefits, and economic importance of tea. The origins of tea go back to more than 5,000 years. Tea ...

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RBI cut repo rate to a record low by 40 bps

The Reserve Bank of India has announced a 40 basis points reduction in key policy rates while estimating that Indian economy will shrink in 2020-21. The repo reduction marked the lowest repo rate or the key interest rate at which the RBI lends short-term funds to commercial banks. This is the ...

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