Thursday, March 19
The Washington Post told employees Wednesday that it was beginning a widespread round of layoffs that are expected to decimate the organization's sports, local news and international coverage.Matt Murray, the Post's executive editor, told newsroom employees on a call that all sections would be affected in some way. But he said the end result would be a publication that focused even more on national news and politics, as well as business and health, and far less on other areas.Murray said the sports section would close, though some of its reporters would stay on and move to the features department to cover the culture of sports.Murray added that the Post's metro section would shrink. The books section will close, as will the "Post Reports" daily news podcast.He said that while the Post's in
New Delhi: The Reserve Bank of India (RBI) is expected to keep the policy repo rate unchanged and maintain a neutral stance in its forthcoming Monetary Policy Committee (MPC) review, according to a report by Nuvama Research.The report stated that the central bank is likely to remain on hold after cumulative easing of 125 basis points from the peak, which has brought the policy repo rate down to 5.25 per cent. It added that the RBI is expected to continue with a "neutral" stance in the upcoming policy review.The RBI's MPC is scheduled to meet over three days on February 4, 5 and 6, with the policy outcome to be announced on Friday, February 6.According to report, the transmission of past rate cuts to bank lending rates is still underway, while bond yields have remained relatively sticky. In
