Top news today, December 6: A host of developments and events are expected in India and internationally on December 6 in the markets, political, financial, technology, and general spheres. Take a look.
Today, on December 6, Reserve Bank of India Governor Shaktikanta Das is set to announce the Monetary Policy Committee (RBI MPC) meeting’s decision today, later Finance Minister Nirmala Sitharaman will hold a pre-Budget meeting with stakeholders.
And in Maharashtra, the state government has declared a local holiday in Mumbai and its suburbs for Mahaparinirvan Diwas which celebrates Dr. BR Ambedkar; while the markets space is abuzz with IPO listings, ex-trade news and economic data.
RBI MPC verdict today: What to expect?
RBI Governor Shaktikanta Das will unveil the fifth monetary policy for FY25 today on December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product (GDP).
The review by the six-member MPC led by Das will provide a framework for the central bank’s policy in 2025. The central bank’s rate-setting panel will adopt the policy stance as a base for the remainder of the current fiscal as it seeks to strike a fine balance between sustaining growth and keeping retail inflation under the four per cent target.
For the December meeting, D-Street experts are divided on whether the rate-setting panel will maintain its stance on the key interest rates or go for its first policy reduction since February 2023. While some expect a CRR reduction to benefit banks, others anticipate a status quo this time and a rate cut in February.
Mahaparinirvan Diwas: Maharashtra government declares holiday for Mumbai, suburbs
The Maharashtra government has declared December 6 a local holiday for Mumbai and suburban areas on the Mahaparinirvan Diwas 2024. The state government issued a notification which said that a local holiday has been declared for the state government and semi-government offices in Mumbai and suburban areas.
On December 6, people in large numbers are expected to come to pay homage to Dr BR Ambedkar on his 68th death anniversary at Chaityabhoomi, where Ambedkar was cremated. It is located at Shivaji Park, less than 2 km from the Dadar station.
President Murmu in Odisha on official visit, itinerary
President Droupadi Murmu will be on a five-day visit to Odisha from December 3-7, as per a PTI report. Here’s a look at her official schedule according to the press statement: