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Palestinian death toll in Gaza climbs to 46,913 before ceasefire takes effect

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Palestinian death toll in Gaza climbs to 46,913 before ceasefire takes effect

2025-01-20 00:06 Last Updated At:07:27

The Palestinian death toll from Israeli military operations in the Gaza Strip has risen to 46,913, with 110,750 others injured, the Gaza-based health ministry said in a statement on Sunday.

In the past 24 hours, Israeli military operations have resulted in the deaths of at least 14 Palestinians and left 25 others injured, the statement added.

A tense ceasefire agreement between Israel and Hamas took effect on Sunday, initiating six weeks of calm and raising hopes for an end to 15 months of Israeli assaults on Gaza that devastated the enclave and for the release of dozens of hostages held there.

Israeli Prime Minister Benjamin Netanyahu delayed the agreed ceasefire by nearly three hours after Hamas missed an 8:30 local time (0630 GMT) deadline to submit the names of the first three hostages to be released later in the day. Hamas cited technical reasons for the delay but later provided the list.

At 11:15 a.m. local time (0915 GMT), the Israeli military ordered its units in Gaza to cease fire, marking the start of the truce brokered after about a year of mediation.

Palestinian death toll in Gaza climbs to 46,913 before ceasefire takes effect

Palestinian death toll in Gaza climbs to 46,913 before ceasefire takes effect

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India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

2025-02-09 17:03 Last Updated At:17:37

India's central bank, the Reserve Bank of India (RBI), on Friday announced a reduction in repo rate by 25 basis points to 6.25 percent.

The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.

The move has been undertaken to boost the economy.

RBI Monetary Policy Committee (MPC) last reduced the repo rate in May 2020 and kept it unchanged in the last 11 policy meetings.

After assessing the current and evolving macroeconomic situation, the MPC unanimously decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points to 6.25 percent with immediate effect, said a statement issued by the RBI.

Consequently, the standing deposit facility rate shall stand adjusted to 6.00 percent and the marginal standing facility rate and the Bank Rate to 6.50 percent. The MPC also decided to continue with the neutral monetary policy stance and remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth.

According to the RBI, these decisions are in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 percent within a band of plus and minus 2 percent, while supporting growth.

According to the National Statistical Office (NSO), India's GDP is estimated to grow at 6.4 percent for the financial year 2024-25, compared to the initially-projected 7.2 percent in October last year.

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years

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