Mumbai, Sept 30: In the monetary policy announcements, Reserve Bank of India on September 30, 2022, announced an increase in repo rate by 50 basis points to 5.9 per cent.
The announcement was made by the Monetary Policy Committee (MPC) of RBI.
This is the fourth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June and August. In all, RBI has raised benchmark rate by 1.90% since May this year.
The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das decided in favour of the rate hike.
The RBI said that the monetary policy stance to remain focused on withdrawal of accommodation and it added that the economic activity in India remains stable.
RBI Governor Shaktikanta Das said “GDP growth for FY23 projected at 7%. Inflation projection for FY23 retained at 6.7%.”
Mr. Das said “World in midst of third major shock from aggressive monetary tightening by central banks.”
Mr. Das said “There is nervousness in financial market, global economy eye of new storm.”
The RBI Governor also added, “eecent correction in global crude oil prices if sustained may provide relief to inflation.”
Mr. Das said “Rupee has depreciated in a very orderly manner.” He further added that “RBI does not have any fixed exchange rate in mind.”
The RBI Governor said “Bank credit has grown at accelerated pace of 16.2%.” (Agencies)
RBI raises repo rate by 50 basis points
Justice Magrey elevated as CJ J&K&Ladakh High Court
Justice Magrey elevated as CJ J&K&Ladakh High Court
Dry weather likely to continue in Jammu and Kashmir: MeT
JAMMU, Sep 30: The Meteorological (MeT) department on Friday forecast dry weather in Jammu and Kashmir during the next 24 hours.
“Dry weather is likely to continue in J&K during the next 24 hours”, an official of the MeT department said, adding that the weather was similar on Thursday also.
Meanwhile, Srinagar registered 11.4 degrees Celsius, Pahalgam 6.6 degrees and Gulmarg 6.4 degrees as the minimum temperature this morning.
Drass in Ladakh region reported 2.9 degrees, Kargil 6.6 and Leh 2 degrees, while Jammu had recorded a minimum of 22.8 degrees, Katra 20.2, Batote 12.4, Banihal 10.4 and Bhaderwah 10.9. (Agencies)
Former MLA from Jammu’s Udhampur, Balwant Singh Mankotia joins BJP in Delhi
Former MLA from Jammu’s Udhampur, Balwant Singh Mankotia joins Bharatiya Janata Party in Delhi.
Raj Kumar Goel appointed as sangathan mantri of Aap Traders Wing
Jammu,29 September
Aam Aadmi Party senior leader Rajkumar Goel has been appointed as the Sangathan mantri of Traders Wing of Jammu Province Unit. In the second list of office bearers and presidents of various units released by Aam Aadmi Party’s organization in-charge Munish Kaushik on Thursday, Tanveer Hussain has been given the charge of President of Jammu Province Unit and Rajkumar Goel as Sangathan mantri. Raj Kumar Goyal has been associated with business for a long time and in view of his experience, he has been given this position. Expressing gratitude to the Aam Aadmi Party high command for this important responsibility, Goyal said that he would try to fulfill the responsibility entrusted to him by the party with utmost sincerity. All the people associated with business, whether they are associated with any political party or organization, work for their betterment will be their priority. Goyal said that due to wrong policies of the government at present, traders are facing a lot of trouble. The business has come to a standstill and the reckless tax has made the life of the traders miserable. In this role, the Aam Aadmi Party will make every effort to take the problems of the traders to the government. Goyal said that the Aam Aadmi Party is the only party that can end the plight of the traders along with the common people. He thanks Aam Aadmi Party convener Arvind Kejriwal and his entire team for this important responsibility.
NCISM Grants permission to JIAR Jammu for Academic Session 2022-23
Jammu Institute of Ayurveda and Research,Jammu has successfully been granted Permission from National Commission for Indian System of Medicine,New Delhi and Ministry of AYUSH, New Delhi to conduct BAMS(UG) and PG courses for the academic session 2022-23. The counselling for the courses will be done through JKBOPEE based on the merit score in NEET/AIPGET.
AGH terrorist arrested in Srinagar: Police
SRINAGAR, Sept 29: A terrorist of Ansar Gazwat-ul-Hind (AGH) outfit was on Thursday arrested with arms and ammunition from Palpora area here, police said.
“One categorised terrorist of AGH terror outfit namely Junaid Ahmad Parray of Nawakadal arrested by a joint team of Srinagar Police and 24 RR from Palpora, Srinagar,” Srinagar Police said in a tweet.
The police said a pistol, a magazine and live rounds were recovered from his possession.
“Case under sections of the UAPA registered in Safakadal PS,” the police said. (Agencies)
Govt defers proposal to make 6 airbags mandatory in cars by one year to Oct 1, 2023: Gadkari
NEW DELHI, Sept 29: The Government has deferred the implementation of the proposal to make six airbags mandatory in passenger cars by one year to October 1, 2023, Road Transport and Highways Minister Nitin Gadkari said on Thursday.
The government had earlier planned to make six airbags mandatory in eight-seater vehicles for enhanced safety of occupants from October 1, 2022.
“Considering the global supply chain constraints being faced by the auto industry and its impact on the macroeconomic scenario, it has been decided to implement the proposal mandating a minimum of 6 Airbags in Passenger Cars (M-1 Category) w.e.f 01st October 2023,” Gadkari said in a tweet.
The minister further asserted that the safety of all passengers travelling in motor vehicles irrespective of their cost and variants is the foremost priority. (Agencies)
Three JKAS officers transferred and posted elsewhere
Three JKAS officers transferred and posted elsewhere in Jammu and Kashmir with immediate effect on Wednesday.
Ghulam Rasool, JKAS, Joint Director, Handicrafts, Jammu, is transferred and posted as Regional Director, Survey and Land Records (ex-officio Settlement Officer), Rajouri, against an available vacancy.
Tilak Raj, JKAS, Programme Officer, ICDS Project, Udhampur, is transferred and posted as Joint Director, Handicrafts, Jammu.
Zameer Ahmad Reshu, IKAS, awaiting orders of adjustment in the General Administration Department, is posted as Programme Officer, ICDS Project, Udhampur.
Jammu and Kashmir : Army active in both anti-militancy ops, welfare programmes
Indian forces are taking new steps to develop the skills of the youth of Jammu and Kashmir. To achieve this goal in Jammu and Kashmir, especially in the Kashmir valley, new festivals are being organised by the Central and state governments as well as the Indian forces to provide a platform to these youth.
In this regard, recently, in Anantnag district of Jammu and Kashmir, which is considered to be very sensitive, the Army organised the ‘South Kashmir Youth Festival’ in collaboration with the district administration.
An official of the administration said that the objective of the festival is to guide the youth here towards the right path and provide them a platform to showcase their talents.
During the festival, stalls were set up by various private companies to provide employment to the local youth, where the youth were made aware of various sources of employment.
On this occasion, children from different schools presented colourful cultural programmes which were well appreciated. Certificates were also distributed to special persons during the festival.
A large number of young people participated in the festival, while on this occasion, people who performed prominently in various fields shared their experiences with the young people.
He termed such measures as welcome and described it as an important need of the present time.
According to the youth who are part of the festival, drugs and unemployment are major challenges for the Kashmiri youth in the current situation and such programmes will be effective in dealing with this challenge.
He said that through such programmes, recreational moments are available to reduce mental stress, and at the same time, encouragement is given to follow the right direction through career counselling.
It should be noted that the Indian Army has been active in Kashmir for a long time through anti-militancy operations as well as other welfare programmes.
According to the army, through such programmes, there are hopes to further improve the coordination between the people and the army.