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Moneycontrol BureauThe Reserve Bank of India (RBI) left the repo rate unchanged in its December policy review while maintaining accommodative stance, as it expects past monetary easing and measures taken by the government to feed into the real economy gradually.All six members of Monetary Policy Committee (MPC) voted in favour of a pause, the central bank said in a statement on December 5.Close To catch all the action from the Monetary Policy Meet, click here related news RBI Credit Policy | To issue draft norms for cooperative banks to strengthen safety of deposits Households expect inflation to rise, businesses see weak demand: RBI survey RBI Credit Policy | Monetary Policy Committee raises consumer inflation target for October-March to 4.7-5.1% Following are the key takeaways from the monetary policy:On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (December 5, 2019) decided to:- … [Read more...] about RBI Monetary Policy: A quick read of the policy document

What is happiness?1 How do you create it in your own life?2 And why are the Danish people so much happier than the rest of us?3 Should we live like them?4 advertisement advertisement This is the great, existential question that our hygge-obsessed Western culture has been asking itself for roughly half a decade now. And Ikea Denmark has decided to weigh in in a six-part miniseries called Home of Happiness. Starring two everyday people seeking happiness for themselves—a young woman named Yaya Ching from Hong Kong and Chicagoan Roy Torres—the pair of strangers actually won a contest to live (awkwardly!) together in an Ikea-gasm apartment in Copenhagen while interviewing different Danes about what makes them so happy. It’s about 40 minutes of miniseries full of big wine glasses, big bike baskets, big pastries, and big, blond toddlers. You can watch it right on YouTube! I tried. I really did. I drew a bath, pulled up the series on my phone, and … [Read more...] about Ikea reveals the secret to happiness, and it’s not furniture

US trade restrictions may have taken a toll on Huawei’s smartphone business in global markets, but the company has emerged stronger than ever in China. The company just launched yet another smartphone in China, in the form of the Huawei Nova 6 series.The Chinese smartphone maker has launched three new Nova 6 handsets in Chinese markets, including a 5G variant, a standard 4G model, and a mid-tier Nova 6SE. Both the standard and 5G Nova 6 models offer similar specs, with the only difference being battery size.The 4G and 5G Huawei Nova 6 feature the Kirin 990 SoC paired with 8GB of RAM and up to 256GB of storage. The 5G version uses the Balong 5000 5G modem. The Nova 6 series runs on Android 10 with the EMUI 10 skin on top. Additionally, the power button on the Nova 6 doubles as a fingerprint reader.Both Nova 6 versions sport a 6.57-inch FHD+ AMOLED panel with an oval punch hole that houses two front camera sensors. The Nova 6 5G model packs a 4,200 mAh battery, while the … [Read more...] about Huawei launches Nova 6 5G with five cameras and Kirin 990 chipset in China

The Indian rupee is trading flat at 71.51 per dollar ahead of Reserve Bank of India's (RBI) monetary policy outcome, with buying seen in the domestic equity market.It opened marginally higher at 71.48 per dollar on Thursday versus previous close 71.53, with .On December 4, the rupee ended 13 paise higher at 71.53 against US dollar on renewed hopes about US-China trade deal.Close The Indian unit went through bouts of volatility for a better part of the session as caution prevailed among participants ahead of Reserve Bank's policy meet outcome and also due to uncertainties around global trade deal. related news Indian rupee on slippery slope for a year at least: Poll Rupee firms up by 13 paise against USD Rupee trades lower at 71.75 per dollar The Sensex was up 103.36 points or 0.25% at 40953.65, and the Nifty was up 23.40 points or 0.19% at 12066.60.Also Read - Indian rupee on slippery slope for a year at least: PollThe dollar and export-oriented currencies found support … [Read more...] about Rupee trades flat ahead of RBI policy outcome

Manisha GuptaOnion prices in major Asian markets like Nepal, Bangladesh and Sri Lanka have climbed to $2-$6 per kg over the past few weeks, up $0.5-$1 per kg, with experts attributing the sudden demand from India as one of the reasons.Across the world, onion prices are up around 12 percent on an average, over November.Close India, the world’s largest exporter of onions, banned exports in September, and this is likely to continue for a while till prices come under control. related news Centre deliberately creating scarcity of onion in Delhi: Sisodia Nexus between BJP, hoarders responsible for rocketing onion prices: AAP Despite rising prices and shortage at home, India continues to export onion to Maldives A similar trend in onion prices has also been seen in countries like China, Iran, Indonesia and South Korea, where prices have risen between 9 percent and 22 percent over the last one month.The National Horticulture Development Board (NHDB) has estimated India’s … [Read more...] about Onion prices in Asia surge 9-22% as India scouts for imports