With inflation below RBI’s target and a weakened growth profile, Central bank’s monetary policy committee (MPC) is expected to cut repo rate by 25 basis points in its April meeting. This might help to spur growth momentum in the economy.
As the mining operations in the municipal area of Chittorgarh city in Rajasthan are suspended, the share value of Birla Corporation has decreased by 14% on the BSE within a day trade.
NGT directed the state’s pollution control board, the director of Rajasthan’s mining department and the collector of Chittorgarh to stop all mining within 10 km of the Bassi Wildlife Sanctuary or within eco-sensitive zone.
The ban on mining had affected the performance of the company, necessitating the sourcing of part of the limestone requirement at significantly higher prices.