Author: Agencies
UDHAMPUR: One woman was killed and nine others sustained injuries when a mini-bus met with an accident near Sharda Mata Temple on the Jammu-Srinagar National Highway in Udhampur on Wednesday. An official said that the injured were immediately shifted to the Associated Hospital of Government Medical College Udhampur for treatment. “Unfortunately, one lady died in the mishap while nine others have been hospitalized. Police are on the job, and further investigation is underway,” the official said. Police have taken cognizance of the incident.
MUMBAI: Despite the uncertain global trade environment due to ongoing tariff announcements and trade negotiations, the Reserve Bank of India (RBI) has kept the GDP growth projection for the current financial year 2025-26 unchanged at 6.5 per cent. Announcing the monetary policy on Wednesday, RBI Governor Sanjay Malhotra said that the central bank continues to see resilience in domestic activity, supported by favourable macroeconomic conditions. “Prospects of external demand, however, remain uncertain amidst ongoing tariff announcements and trade negotiations. Taking all these factors into account, real GDP growth for 2025-26, the current year, is projected at 6.5 per cent, our…
MUMBAI: The Reserve Bank of India (RBI) has revised its Consumer Price Index (CPI) inflation projection for the financial year 2025-26 downward to 3.1% for the financial year 2026 (FY26), a significant reduction from the 3.7 per cent forecast made in June. While announcing the outcome of meeting of Monetary Policy Committee (MPC) RBI Governor Sanjay Malhotra said, “CPI inflation for the current year 2025-26 is now projected at 3.1 percent. This is down from 3.7 percent that we had earlier projected in June.” According to the RBI Governor, headline CPI inflation declined for the eighth consecutive month, reaching a…
MUMBAI: In a unanimous decision the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.5 per cent in its August policy meeting. The decision was announced by RBI Governor Sanjay Malhotra on Wednesday. The Monetary Policy Committee (MPC), which met on the 4th, 5th, and 6th of August, carefully reviewed the latest economic and financial conditions before taking this decision. The Governor said that all six members of the MPC voted unanimously to maintain the repo rate under the Liquidity Adjustment Facility at 5.5 per cent. The RBI Governor stated, “After a…
UTTARKASHI: The Indian Army has deployed 150 personnel, led by Colonel Harshvardhan, Commanding Officer of 14 RAJRIF, in rescue and relief operations amid a mudslide in Harsil in Uttarakhand’s Uttarkashi. Army tracker dogs, drones and earthmoving equipment have been deployed for evacuation and providing essential supplies since Tuesday. Sharing an X post, Surya Command or the Central Command of the Indian Army wrote, “Col Harshvardhan, Commanding Officer of 14 RAJRIF, is personally leading 150 personnel in critical rescue and relief operations since 5 Aug 25 (AN). Inputs from the CO have been received, reassuring the citizens of the Army’s continued…
KULGAM: At least two people lost their lives and two others sustained injuries on Wednesday after a tree and a boulder fell on a tent in the upper reaches of the Kund belt in South Kashmir’s Kulgam district. An official said that the incident occurred when an alpine tree and a boulder, dislodged by the gusty winds, crashed onto the tent sheltering a nomadic family. “Two members of the family died on the spot,” the official said. The deceased were identified as Mohammad Shafi Boker and his daughter-in-law Reshma Begum, residents of Rajouri, who were currently staying in the Kund…
NEW DELHI: The Enforcement Directorate (ED) on Tuesday questioned Reliance Group Chairman Anil Ambani for around 10 hours in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies. The businessman reached the office of the central probe agency in central Delhi in an EV vehicle around 10:50 am and made an exit shortly before 9 pm. The statement of the 66-year-old businessman has been recorded under the Prevention of Money Laundering Act (PMLA), official sources said. He was asked about a dozen questions, they said. It is understood that…
UTTARKASHI: Disaster swept through the Himalayan village of Dharali on way to Gangotri on Tuesday with a massive cloudburst leading to flashfloods that barrelled through homes, trees and cars, trapping 60-70 people and leaving at least 12 dead. Dharali is the main stopover on way to Gangotri, the origin of the Ganges, and home to many hotels, restaurants and home stays. At least half the village was buried under the fast flowing mudslide of slush, rubble and water, officials said as rescue personnel battled the elements in the ecologically fragile heights to contain the damage of the afternoon. Contiguous buildings,…
President Donald Trump has said that he doesn’t know anything about the US imports of Russian uranium, fertilisers and chemicals. Trump made the comments on Tuesday while responding to a question on India’s statement on American imports of these commodities. “I don’t know anything about it. I’d have to check, but we’ll get back to you on that,” Trump said, adding that he will soon decide on tariffs to be imposed on nations buying Russian energy. Trump has threatened to “substantially” raise US tariffs on India, accusing it of buying massive amounts of Russian oil and selling it for big…
NEW DELHI: Prime Minister Narendra Modi will inaugurate Kartavya Bhavan at Kartavya Path in Delhi on Wednesday at around 12:15 PM. Thereafter, the Prime Minister will address a public programme on Kartavya Path at around 6:30 PM, according to the official statement from the Prime Minister’s Office. Kartavya Bhavan-03 is part of the broader transformation of the Central Vista. It is the first among several upcoming Common Central Secretariat buildings that aim to streamline administrative processes and enable agile governance, the press release said. The project embodies the government’s broader administrative reform agenda. By co-locating Ministries and adopting cutting-edge infrastructure,…