News Wrap: BJP Wins Delhi, RBI's 25 Bps Repo Rate Cut, Cabinet Nods I-T Bill, Zomato Renamed, Trump Bans Trans Athletes

(MENAFN- Live Mint) News wrap: This week, from February 2 to February 8, witnessed a series of major events, whether it is Delhi Assembly Election results or Reserve bank of India's repo rate cut. The Bharatiya Janata Party won the Delhi elections 2025 after nearly 27 years. Meanwhile, the RBI announced a repo rate cut by 25 bps to 6.25% after nearly five years.

In a seperate development related to the world of personal finance, the proposed Income Tax bill received cabinet nod this week. The new I-T bill may be presented in the parliament on Monday.

The online food aggregator Zomato announced to rename its parent company to 'Eternal'. In the United States, President Donald Trump signed an executive order to ban trans athletes from women sports. Here are all the news updates from this week.

Key events that took place between February 2 to February 8RBI repo rate cut

In his first policy announcements, RBI governor Sanjay Malhotra, on Friday, said that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps) from 6.5 per cent to 6.25 per cent. (Read full story here )

While making the announcement, Malhotra expressd optimism over expansion in trade. At the same time, he stressed the impact of global economic landscape on India. The MPC began its three-day meeting to discuss and set the new interest rates on February 5, 2025.

BJP's victory in Delhi Elections

The BJP registered a historic victory in Delhi on Saturday after defeating AAP . The saffron party comfortably achieved the majority mark after winning 48 out of 70 assembly seats in Delhi on Saturday.

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