*India's Economy Gets a Boost* It's a big week for India's economy and its people! The government and the Reserve Bank of India (RBI) have joined forces to kickstart growth. Here are the key highlights: *Repo Rate Cut:* The RBI's Monetary Policy Committee (MPC) has cut the repo rate by 25 basis points to 6.25% from 6.5%. *Tax Relief:* Finance Minister Nirmala Sitharaman has announced tax cuts, exempting income up to Rs 12 lakh per year from tax. This move is expected to forego Rs 1 lakh crore in taxes. *Economic Growth:* India's economic growth slowed to 5.4% in the second quarter, with the full-year growth forecast at 6.4% for FY25. *RBI's Stance:* RBI Governor Sanjay Malhotra acknowledged the slowing growth, stating that growth-inflation dynamics have created space for measures to support growth. These moves aim to boost consumption, a crucial driver of economic growth. With the RBI's rate cut and the government's tax relief, India's economy is poised for a rebound.