General
RBI Maintains Status Quo As Repo Rate Unchanged At 6.5%, Flags Inflation Concern

Mumbai: The monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fourth straight occasions.
While deliberating the policy statement Friday morning, RBI Governor Shaktikanta Das said the central bank is concerned and it has identified high inflation as a major risk to macro-economic stability and sustainable growth.
Das added the monetary policy committee is committed to align India’s headline inflation at 4 per cent level.
Also, the governor noted 5 out of the 6 MPC members are for remaining focused on “withdrawal of accommodation” in monetary policy stance so as to ensure the inflation progressively aligns with the target, while supporting growth.
The three-day bi-monthly monetary policy committee (MPC) meeting of the RBI began on Wednesday, with financial market participants closely monitoring the outcome and the policy stance of the central bank for fresh cues.
RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators.
RBI in its past three meetings – April, June, and August — held the repo rate unchanged at 6.5 per cent. The repo rate is the rate of interest at which RBI lends to other banks.
A relative decline in inflation, barring the latest spike, and its potential for further decline may have prompted the central bank to put the brake on the key interest rate. Inflation has been a concern for many countries, including advanced economies, but India has largely managed to steer its inflation trajectory quite well.
Barring the latest third straight pause, the RBI raised the repo rate by 250 basis points cumulatively to 6.5 per cent since May 2022 in the fight against inflation. Raising interest rates is a monetary policy instrument that typically helps suppress demand in the economy, thereby helping the inflation rate decline.
Headline inflation in India rose to 7.8 per cent in July due to a surge in prices of food items like wheat, rice and vegetables, including tomatoes, to later fall to 6.8 per cent in August. Inflation data for September is due in next few days
Maharashtra
Indo-Pak tension: Mumbai Dadar Chowpatty not closed

Mumbai: Mumbai Due to the war-like situation and tension between Pakistan and India, the market of rumors is hot on social media. Mumbai Police has denied the rumor of Mumbai’s Dadar Chowpatty being closed and has said that Dadar Chowpatty has not been closed. The message of Dadar Chowpatty being closed in the context of war was shared on social media, after which the police have denied it on their X and social media accounts and have said that Dadar Chowpatty is open to the general public as usual. It has not been closed. The public does not need to panic or pay attention to the rumor. Similarly, there was news of a drone being seen in Mumbai’s Sakinaka last night, which was confirmed by the police, which has also denied it. No drone has been found in Sakinaka either. This is also just a rumor, so the police have appealed to the citizens not to pay attention to the rumors and not to take any kind of action. Avoid sharing and making rumors viral.
Maharashtra
Indian soldier Murali martyred in Pakistani firing in Mumbai

Mumbai: After the terrorist attack in Kashmir Pahalgam, the Indian Army retaliated and launched a massive attack on Pakistan under “Operation Sindoor”. While the enemy was defeated in this operation, 27-year-old Murali Naik, a resident of Kamaraj Nagar, Mumbai, was martyred in firing on the border.
As soon as the news of the martyrdom of Martyr Murali Naik reached the area, a wave of mourning spread throughout Kamaraj Nagar. Every eye was moist and every heart was filled with pride. Former corporator of the area, Parmeshwar Kadam, said that Murali was honest and sociable since childhood and was also a capable soldier. He dreamed of serving the country at a young age. Even after facing setbacks, Murali joined the army. Some relatives even forbade him from joining the army, but Murali’s passion was unwavering. With hard work and dedication, he fulfilled his dream by joining the army.
Murali Naik joined the Indian Army in 2022. After training in Nashik, he was posted in Assam, then Punjab. Just a month ago, he was sent to the Uri sector of Jammu and Kashmir, where he was martyred in firing by Pakistan on Friday morning. The mortal remains of martyr Murli Naik will be taken to his native village in Andhra Pradesh tomorrow, where his last rites will be performed with full state honours. Murali, who belongs to the Dhangar community, was sociable and lively since childhood. Today, not only Mumbai but the entire country is proud of Murali Naik. He made his great sacrifice while protecting Mother India.
Maharashtra
Removing the Pakistani flag at Vile Parle station was costly, a case was registered against five people including a woman, police took action after the video went viral on social media

Mumbai: The Juhu police has registered an FIR against six unidentified individuals, including a burqa-clad woman, for allegedly gathering unlawfully, verbally abusing, and physically assaulting people who opposed the removal of Pakistani flags near the west side of Vile Parle railway station.
According to the FIR, the incident took place on May 4, when the accused were seen removing Pakistani flags that had been pasted on the stair steps of the Vile Parle railway station as part of a protest against the April 22 massacre of Hindu tourists in Pahalgam, Jammu and Kashmir.
The police have registered the case under Sections 189(2) (unlawful assembly), 190 (every member of an unlawful assembly guilty of an offence committed in pursuit of a common object), and 352 (intentional insult with intent to provoke breach of peace) of the Bharatiya Nyaya Sanhita.
The complainant, Santosh Salukhe, 49, a policeman, stated that he saw a video on Facebook, showing a veiled woman and four to five unidentified youths removing the Pakistani flags from the stair steps at Vile Parle railway station (West).
Salukhe immediately rushed to the location and learned that around 4 p.m. the same day, some unidentified individuals had pasted the Pakistani flags in front of the ticket counter at the station and on the steps as a symbolic protest against the recent terrorist attacks on tourists in Pahalgam, Jammu and Kashmir. The flags carried the message “Step on it.” Those who pasted the flags left soon after.
Later, the veiled woman and her group arrived at the Vile Parle railway station and began removing the flags, which created a disturbance for commuters. When some people tried to stop them, the woman and her associates allegedly physically assaulted and verbally abused them, resulting in a brief period of tension at the station. Gurpreet Anand of Ankush Foundation had distributed free stickers of the Pakistani flag with the message “Step on it” printed at the bottom.
On Wednesday, he went to Juhu police station along with Parag Alavani MLA and others with a view to register an FIR. “However, the police did not register our FIR,” he told Media. But on Friday, a constable filed an FIR. Subsequently, the police registered a case. Juhu police officials said no arrests have been made yet, and no notices have been issued as they are in the process of identifying the accused.
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