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Thursday,18-September-2025
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PM Modi says double-engine govt delivers for K’taka

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Bengaluru, Feb 6 : Aiming at upcoming assembly elections in the state, Prime Minister Narendra Modi on Monday stated that Karnataka state is the first choice of a double-engine government.

He was addressing a huge gathering after inaugurating HAL Helicopter Manufacturing Unit and laying foundation stone for various programmes at Tumakuru district.

Targeting opposition parties, Modi stated that allegations were made regarding this HAL Helicopter Manufacturing Unit, people were prompted and provoked and precious time of Parliament was wasted. “The lie, however big it is, how many times it is told by big persons, one or the other day it will be defeated by the truth,” he said.

“From manufacturing drones to Tejas fighter jets, the world is seeing the capacity of Karnataka. The inauguration of this unit tells how double-engine government at the state and at the Centre work,” he said.

Double-engine government is not only focusing on physical infrastructure, it is also focusing on social infrastructure. “I had laid the foundation for the unit in 2017 with conviction of reducing the dependency of our defence on foreign countries. Today, hundreds of defence equipment are manufactured in India from modern assault rifles to tanks to aircraft carriers,” he said.

In the last eight to nine years, five times more investment has been made in the aerospace sector when compared to 15 years before 2014. In Tumakuru, hundreds of helicopters are manufactured. This unit will bring business of Rs 4 lakh crore. It will also encourage small auxiliary industries in the region, the Prime Minister explained.

When the work is done with conviction of placing the nation first priority, success is guaranteed, he underlined.

Modi maintained that the budgetary allocation of Rs 5,300 crore to Upper Bhadra project will improve conditions in parched lands of Tumakuru, Chikkamagalur, Chitradurga and Davanagere. The double-engine government has determined to give water to every house and the land. This would benefit the small farmer who is depending on rains.

The whole world is discussing the poor, middle-class-friendly budget. This budget has laid a strong foundation to strengthen India when it completes 100 years of Independence.

He described the budget as ‘Sarva Priya’ (loved by all), ‘Sarv Hitkari’ (doing good to all), ‘Sarv Sparsh’ (touching all). The needs, necessities and income factors are considered, the Prime Minister explained.

Maharashtra

Mumbai Rains: Water Stock Level From City’s Seven Lakes Reaches 99.02%; Konkan Region On Yellow Alert

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Mumbai: The city wakes up to gloomy skies and water stocls reaching at 224,636 million litres (ML), reaching 99.02% of the total capacity. According to the 6:00 AM report on September 18, 2025, the seven lakes supplying water to Mumbai are holding near-maximum levels, ensuring a secure water supply for the coming months.

Upper Vaitarna recorded a water level of 603.81 meters, showing a slight rise of 0.02 meters, with live storage at 224,636 million litres (ML). Modak Sagar remained steady at 163.15 meters with 128,910 ML storage, while Tansa lake showed no change at 128.54 meters, storing 143,416 ML. Middle Vaitarna stood at 284.44 meters with 191,059 ML, reflecting a minor drop of 0.12 meters.

Together, the Upper Vaitarna group accounts for 688,022 ML. Bhatsa, the largest contributor, recorded 141.79 meters with 709,355 ML, while Vehar and Tulsi stood at 80.28 meters and 139.20 meters respectively, holding 27,698 ML and 8,046 ML. In total, Mumbai’s reservoirs currently hold 1,433,121 ML of water.

Officials highlighted that water release from Upper Vaitarna began on August 21, and several dams have overflowed in recent weeks. At the Bhandup Complex, no fresh rainfall was recorded today, but seasonal totals stand at 2,698 millimeters.

A look back over the past five years shows that 2025 is among the healthiest seasons for reservoir storage. Current levels are at 99.02 percent, surpassing 2020’s 92.38 percent, 2021’s 86.86 percent, 2022’s exceptional 96.91 per cent, 2023’s 83.01 per cent, and 2024’s late August surge to 94.87 per cent. The most recent time Mumbai’s seven major lakes supplying drinking water reached 99% full before today was around 1 October 2024, when the water stock was reported at 99.37% capacity.

Mumbai woke up to calmer weather on Thursday after days of intense downpours that caused traffic snarls and waterlogging across the city. Weather conditions across Mumbai and its surrounding areas are forecast to remain manageable today. The India Meteorological Department predicts mostly cloudy skies with light to moderate rain in Mumbai, with daytime temperatures around 28 degrees Celsius and minimums near 25 degrees. Thane and Navi Mumbai will see similar patterns, while Palghar expects light to moderate showers.

The Konkan belt, including Raigad, Ratnagiri, and Sindhudurg, remains under a yellow alert for isolated heavy showers and gusty winds. With reservoirs nearly full and subdued rainfall expected, Mumbaikars can look forward to stable water supply and fewer disruptions compared to the chaotic scenes earlier this week.

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Maharashtra

Mumbai: Man Arrested For Defacing Meenatai Thackeray Statue With Red Oil Paint At Shivaji Park, Dadar

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Mumbai: The statue of late Meenatai Thackeray, the wife of Shiv Sena founder Bal Thackeray, at Shivaji Park was defaced with red oil paint, leading to the arrest of a man on Wednesday evening who was identified through CCTV cameras. The accused has been identified as Upendra Pawaskar, an official said, adding that the suspect is being interrogated.

An FIR has been registered at Shivaji Park police station under BNS section 298 (destroying, damaging, or defiling a place of worship or a sacred object held by a class of people).

The incident occurred around 6.30 am, leaving red stains on the statue and its surroundings, sparking outrage among Shiv Sena (UBT) workers who quickly gathered at the spot and launched a protest. Reacting sharply, UBT chief Uddhav Thackeray slammed the move as “highly condemnable,” warning it could be a ploy to create unrest in Maharashtra.

“Such acts are usually done by stray elements who are ashamed even to take the names of their own parents, or by those trying to replicate attempts to disturb peace as seen in Bihar recently, where PM Narendra Modi’s mother was insulted,” Thackeray said.

Chief Minister Devendra Fadnavis also denounced the defacement, assuring that police would thoroughly investigate and arrest the culprits. “We will not allow this to be given any political colour. Police will take strict action against whoever is behind this,” he said.

Deputy Chief Minister Eknath Shinde stated that he had personally spoken to the Police Commissioner and Joint Commissioner of Police, instructing them to trace the culprits within 24 hours.

Minister of State for Home and Revenue Yogesh Kadam, from the Shinde-led Shiv Sena faction, also condemned the act. Calling Meenatai Thackeray the “matriarch for all Shiv Sainiks,” he noted that the statue had been installed years ago at the instructions of Bal Thackeray, with his father Ramdas Kadam playing a key role in its erection.

MNS chief Raj Thackeray visited the site and directed police officials to check all CCTV footage in the area.

Meanwhile, Sena (UBT) leader and MP Anil Desai blamed the state government for security lapses. “This is nothing but the failure of the government,” he remarked.

As tempers ran high, Shiv Sena (UBT) workers cleaned the statue and its surroundings. Police have stepped up security in and around Shivaji Park to prevent further tension. Authorities are examining CCTV footage from the locality to identify the culprits.

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Business

Fed Finally Cuts Interest Rates, But What’s Next For India’s Markets & Gold Prices?

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Mumbai: The US central bank (Federal Reserve) has cut interest rates for the first time in 2025. This step is expected to support the US economy. Fed Chairman Jerome Powell said the decision was not due to political pressure, even though President Donald Trump had been demanding a rate cut for a long time.

The Fed has also hinted that it may cut rates two more times this year. This is to help the weak US job market. In the recent two-day meeting, almost all Fed members supported the 25 basis points cut. Only one member, Stephen Miran, voted against it.

Stephen Miran works with the White House and was earlier Trump’s economic advisor. He wanted a bigger cut—50 basis points. Trump had promised rate cuts during his election campaign.

New interest rate: 4 percent to 4.25 percent

Repo operation rate: 4.25 percent

Interest on reserve balance: 4.15 percent

Reverse repo rate: 4 percent

Prime credit rate: 4.25 percent

This US rate cut could help Indian markets. Lower US interest rates may push foreign investors to invest in India for better returns. This could lead to growth in the Indian stock market.

Gold may also get a boost. When interest rates fall, investors often look for safer and better returns—like gold. So gold prices might rise further.

The US job market is still weak. Looking at this and other economic risks, more rate cuts may happen in the coming months.

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