RBI cuts repo rate by 25 bps in 4th Bi-monthly Monetary Policy Statement
The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review for year 2016-17 has cut the repo rate by 25 basis points to 6.25%.
Yoshinori Ohsumi (71) of Japan has won the 2016 Nobel Prize for physiology or Medicine for his pioneering work on autophagy. With this he becomes the 23rd Japanese national to win a Nobel prize and overall the sixth Japanese medicine Nobel laureate.