Several significant events occurred this week, from February 2 to February 8. That includes the Reserve Bank of India’s repo rate drop and the outcome of the Delhi Assembly Election. After almost 27 years, the Bharatiya Janata Party emerged victorious in the 2025 Delhi elections. After almost five years, the RBI announced a 25 basis point reduction in the repo rate to 6.25%.
In another personal finance-related development, the draft Income Tax law was approved by the cabinet this week. On Monday, the new IT bill might be introduced in parliament.
Zomato, an online food aggregator, stated that its parent business would now be known as “Eternal.” President Donald Trump of the United States issued an executive order prohibiting transgender athletes from participating in women’s sports. All of this week’s news updates are included here.
The Monetary Policy Committee (MPC) unanimously agreed to lower the policy rate by 25 basis points (bps), from 6.5 percent to 6.25 percent. According to RBI Governor Sanjay Malhotra’s maiden policy pronouncements on Friday.
Malhotra was upbeat about trade growth when he made the statement. He also emphasized how India is affected by the state of the world economy. On February 5, 2025, the MPC started its three-day meeting to decide on the new interest rates.
On Saturday, the BJP defeated the AAP in Delhi, marking a historic win. The saffron party won 48 of the 70 assembly seats in Delhi on Saturday, easily achieving the majority threshold.
The majority of the AAP’s leading figures, such as Manish Sisodia and Arvind Kejriwal, lost their seats on Saturday. Parvesh Verma of the BJP won the New Delhi seat, defeating the former chief minister of Delhi.
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