MGNREGS wage hike based on CPI-AL at 7.7%. New rates announced by Rural Development Ministry. Gujarat, MP, Andhra Pradesh see higher increases. West Bengal wages above many. Congress criticizes rates below Shramik NYAY guarantees.
Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy
Stocks that were in focus include names like Havells India which was up nearly 5% to hit a fresh high, Container Corporation of India closed
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