While the RBI will be fully informed about retail inflation for all three quarters only by October 12, the CPI-based inflation is expected to remain above the 6 per cent upper limit in the July-September quarter too. (PTI)
India Top News Briefing Live: The Reserve Bank of India will call a special meeting of its Monetary Policy Committee (MPC) after October 12 to discuss a report it will have to submit to the Union government explaining the reasons for the average retail inflation remaining above the upper tolerance limit of 6 per cent for three consecutive quarters. Notably, in eight years, this will be the first time the RBI would have let retail inflation slip beyond the upper tolerance limit of 6 per cent for three straight quarters.
In an interview with The Indian Express, over a year after the Taliban regime took over in Afghanistan, the country’s former President, Hamid Karzai, said that he had urged Indian Ambassador Rudrendra Tandon not to leave. “There was no reason for India to leave, I am glad they are coming back. I’ve been urging Indian government leaders to re-open the embassy,” he said. Karzai, who studied in India from 1979-1983, said Delhi must, “on priority”, reissue visas to Afghan students who were studying in India, and have not been able to return.
In our opinion section today, Bina Agarwal writes on the long road ahead for women at home and at the workplace: “We have a long way to travel from an Independence Day speech about respecting women, delivered from the ramparts of the Red Fort, to creating decent jobs and respectful workspaces for them. That is where the demographic dividend really lies.”