<h1>Finance Minister Supports Growth with New Policy After RBI Cuts Rates by 50 Basis Points.</h1> The Union Finance Minister announced a supportive monetary policy stance aimed at fostering growth, following the RBI's decision to reduce policy rates by 50 basis points. The repo rate is now 8.0%, and the reverse repo rate is 7%. This policy shift comes after a consistent decline in core inflation from December 2011 to March 2012, although food and primary inflation showed signs of increase in March. The Finance Minister emphasized the need to monitor and manage short-term supply constraints, especially in food items, and expressed optimism about improved growth outlook and investment revival. Additional growth-focused measures are anticipated.