RBI announces repo rate across the border New Delhi, Oct 1: The RBI-led Monetary Policy Committee (MPC) has kept the repo rate at 5.5 per cent, maintaining a neutral stance. It has adopted a wait-and-see approach amid US tariff issues and geopolitical developments. The decision follows 100 basis point cuts earlier. The decision is in line with analysts' expectations. After the August policy review, the central bank has adopted a wait-and-see approach to assess the impact of US tariffs and other global developments on the domestic economy. The rate-setting committee has lowered its consumer price inflation projection for fiscal 2026 from 3.7 per cent to 3.1 per cent. However, it said inflation is expected to rise above 4 per cent by Q4 and beyond. Despite a cautious outlook on global price volatility, the committee also maintained its growth forecast for the year. The six-member committee voted unanimously to keep the repo rate at 5.5 percent, maintaining its neutral policy stance, Governor Sanjay Malhotra said.
Powerful earthquake in the Philippines - 69 dead
Manila, Oct. 1: At least 69 people have been reported dead after a powerful earthquake struck the Philippines. A powerful 6.9-magnitude earthquake struck at around 10 pm on Tuesday (Sept. 30), causing widespread damage, officials said. They said houses were damaged in Bogo city and outlying towns in Cebu province. Rescue workers were working hard to rescue survivors under the rubble. The epicenter of the earthquake was located about 19 km northeast of Bogo. At a depth of five km.
Dearness allowance hike for central government employees
New Delhi, Oct. 1: The Union Cabinet meeting chaired by Prime Minister Narendra Modi today approved the release of additional dearness allowance and dearness compensation for central government employees. The current dearness allowance and compensation amount is 55 percent of the basic pay and pension, and now an additional 3 percent will be given. This increase will be retroactively applicable from July 1 this year to compensate for price rise. Due to the increase in both dearness allowance and dearness compensation, the total annual burden on the exchequer will be Rs. 10083. 96 crore.
Couple injured in mysterious explosion dies
Hassan, Sep. 1: A couple who were seriously injured in the mysterious explosion that occurred in the old Alur town on Monday night have died without responding to treatment. Sudarshan (32) and his wife Kavya (27) are the deceased couple. The couple injured in the mysterious explosion were immediately admitted to HIMS Hospital in Hassan. But since his condition was serious, he was rushed to Victoria Hospital in Bengaluru through zero traffic. He was shifted to the emergency unit late on Monday night. However, Sudarshan breathed his last at night due to ineffective treatment, while his wife Kavya died this morning. The 14-month-old child is an orphan, and the family is in shock. The exact reason for the incident is not yet known.
100 years of RSS - 100 rupee coin released
New Delhi, Oct. 1: Prime Minister Narendra Modi on Wednesday released a Rs. 100 coin and a special postage stamp on the occasion of the centenary celebrations of the Rashtriya Swayamsevak Sangh (RSS). Modi attended the program held at the Dr. Ambedkar International Center in Delhi. Speaking on the occasion, he said that this is the first time in the history of India that the image of Mother India has been printed on a coin. This indicates great pride and historical significance. The Rs 100 coin has the national emblem on one side and the image of Mother India sitting on a lion in the ‘Varad Mudra’ on the other side, and the image of volunteers bowing before her in a gesture of devotion is printed. Along with it, 100 years of the Rashtriya Swayamsevak Sangh is written in Hindi and English. The RSS motto is also printed on the coin.
Prisoner attacks Gayatri Prajapati
Lucknow, Oct. 1: Former Uttar Pradesh minister and senior Samajwadi Party (SP) leader Gayatri Prajapati, who is in jail in a gang rape case, has been allegedly attacked by a prisoner in the jail hospital. This is a systematic conspiracy to kill our father. If he is not safe in Lucknow jail, it is appropriate to shift him to another place. In addition, we will urge the government to provide adequate security, Prajapati’s daughter said. SP president Akhilesh Yadav, who has lashed out at the government saying that no one is safe in Uttar Pradesh, has posted on 'X' that the attack on Prajapati should be handed over to a judicial investigation. Prajapati was treated immediately after the incident. He is currently recovering, a jail official said.
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