RBI POLICY NEWS

RBI Monetary Policy Highlights: Rate cut by 25 bps, policy stance changed

Publication: MINT Date : 06 JUNE 2019

RBI MPC cuts repo rate by 25 basis points to 5.75% with immediate effect RBI has also changed policy stance from neutral to accommodative

RBI delivers another rate cut, shifts policy stance to 'accommodative'

Publication: MINT Date : 06 JUNE 2019

RBI MPC cuts repo rate by 25 basis points to 5.75% with immediate effect RBI has also changed policy stance from neutral to accommodative

BUDGET NEWS

Tax officials may ask for 6% reduction in collection target in Budget 2019

Publication: BUSINESS STANDARD Date : 06 JUNE 2019

Tax officials are likely to ask for a reduction up to 6 per cent in their collection target in the full Union Budget for 2019-20, compared to what was given in the interim Budget.

CITY NEWS

Nine housing societies in Mumbai may have public parking lots

Publication: HINDUSTAN TIMES Date : 06 JUNE 2019

The newly-formed authority, under Brihanmumbai Municipal Corporation’s (BMC) parking policy, has identified nine housing societies close to commercial business districts — such as BKC — as well as areas with little or no space for parking.

Mumbai’s suburban train network to get 10 more AC trains by March 2020

Publication: HINDUSTAN TIMES Date : 06 JUNE 2019

The city will get 10 more air-conditioned (AC) locals by March 2020 and the first underslung AC local – in which the electric equipment are placed near the wheel – will undergo trials during the monsoon.

Why Coastal Road project should be scrapped

Publication: MUMBAI MIRROR Date : 06 JUNE 2019

Your statements express deep commitment to safeguard the city’s precarious ecology and promote public transport in Mumbai. We share these concerns.

REALTY NEWS

DHFL, Eros tumbles 52-week low after downgrade by rating agencies

Publication: MINT Date : 06 JUNE 2019

On BSE at 9:50 am, shares of DHFL was down 10.93% at ₹99.40 Shares of Eros International Media Ltd also fell 20% to hit a record low