Gopal Krishna Agarwal: There is a need to accelerate growth. Poverty - both in urban and rural sectors - is a big challenge for any government

WPI Inflation, also known as Wholesale price-based inflation, was at 3.18 per cent in March. It was 3.62 per cent in April 2018

Retail inflation remains well within the RBI's comfort level of 4 per cent for about eight months now, which has come down from 4.17 per cent in July 2018

Many economists said they were stunned when the government upwardly revised GDP growth for 2016/17 to 8.2 percent from 6.7 percent, although the demonetization of high value notes hit businesses and jobs in that financial year

On the employment front, buoyed by ongoing improvements in new work and optimistic growth projections, service providers placed more people in jobs during April

The major reasons for the slowing down of economy are declining growth of private consumption, tepid increase in fixed investment, and muted exports, says the Ministry of Finance's monthly economic report

The Nikkei India Manufacturing Purchasing Managers' Index declined from 52.6 in March to 51.8 in April, reflecting weakest improvement in business conditions since August 2018.

The Reserve Bank of India will go for a rate cut for the third consecutive time in June.

The RBI is looking into all the concerns raised by various stakeholders and may look to tweak the circular without diluting it completely so that the momentum towards NPA resolution is unaffected

Deputy Governor Viral Acharya had favoured status quo in the repo rate, arguing that the RBI should wait for \"some more time\" for additional data before taking call on rate cut.

A foreign brokerage Monday said the Reserve Bank will cut its key policy rates by another 25 basis points, after governor Shaktikanta Das' weekend speech focusing on ways to revive growth.