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The Reserve Bank of India (RBI) on Friday reduced the key benchmark repo rate by 25 basis points to 5.25 per cent, the first rate cut in six months. The central bank also retained a neutral stance, leaving room for potential further cuts.

8th Pay Commission:The 8th Pay Commission is now officially in action, reviewing pay, allowances, and pensions for central employees and pensioners. The government has clarified key points, including that pensions will be revised, but there is no plan to merge Dearness Allowance (DA) with basic pay. Heres what employees need to know.