The Reserve Bank of Indias Monetary policy committee kept the repo rate unchanged at 5.5% in its August monetary policy which is the third bi-monthly one for FY26. RBI Governor Sanjay Malhotra said that the neutral policy stance continues even as the tariff situation continues to evolve. In June, the MPC announced a bigger-than-expected 50 basis points (bps).


The Reserve Bank of Indias Monetary policy committee kept the repo rate unchanged at 5.5% in its August monetary policy which is the third bi-monthly one for FY26.

MPC decided to keep repo rate unchanged at 5.5%: RBI Governor | Repo rate | Interest rate | Tariffs

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Business Standard

Domestic carrier IndiGo has said it cancelled over 800 flights on Saturday, much lower than Friday's number of more than 1,000, and it is addressing all customer refund issues on "priority".
The airline, which has been granted major relaxations by the DGCA in the second phase of the new flight duty and rest period norms for pilots, after it told the aviation safety regulator that it was facing significant transitional challenges in roster planning and crew availability under Phase-2 FDTL requirements, also said it is working "determinedly" to bring its operations back on track across the network.
"The number of cancellations on Saturday dropped below 850 flights, much lower compared to Friday. We are continuing to work towards reducing this number progressively over the next few days," IndiGo said in a statement.
The airline's teams are focused on stabilising schedules, reducing delays, and supporting customers through this period, it said, adding, "We are also working closely with 

Domestic carrier IndiGo has said it cancelled over 800 flights on Saturday, much lower than Friday's number of more than 1,000, and it is addressing all customer refund issues on "priority".

Press Trust of India

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Former Chief Justice of India B R Gavai on Saturday said he faced criticism from his own community for stating in a judgement that the creamy layer principle should be applied to reservation for the Scheduled Castes.
In Dr B R Ambedkar's view, affirmative action was like providing a bicycle to someone who is lagging behind, he said, asking whether Ambedkar thought that such a person should never give up the bicycle. Ambedkar did not think so, he claimed.
Gavai, who retired as CJI recently,  was delivering a lecture on "Role of Affirmative Action in Promoting Equal Opportunity" at Mumbai University.
Paying tributes to Ambedkar on his death anniversary, Gavai said the iconic leader was the architect of not only the Indian Constitution but also of the affirmative action enshrined in it.
"Babasaheb, in so far affirmative action is concerned, was of view that it is like providing a cycle to those who are lagging behind....suppose somebody is at tenth km and somebody at zero, he (the ...

Gavai, who retired as CJI recently, was delivering a lecture on "Role of Affirmative Action in Promoting Equal Opportunity" at Mumbai University

Indian envoy on Saturday met Sri Lankan Minister of Foreign Affairs Vijitha Herath and discussed cooperation in the reconstruction and rehabilitation process in the aftermath of cyclone Ditwah that wreaked havoc in the Island nation.
At least 618 people have died, and 209 are missing as of Saturday evening 8 pm, due to the catastrophic floods and landslides caused by extreme weather conditions since November 16, according to Sri Lanka's Disaster Management Centre (DMC).
India was the first country to respond to Sri Lanka's international appeal for assistance under its Operation Sagar Bandhu.
High Commissioner Santosh Jha met Vijitha Herath and discussed the ongoing Indian assistance to Sri Lanka under #OperationSagarBandhu High Commission of India in Colombo posted on social media on Friday.
He also discussed avenues of cooperation during the reconstruction and rehabilitation phases in the aftermath of #CycloneDitwah, it added.
Jha also briefed Sri Lankan corporate leaders about N

High Commissioner Santosh Jha met Vijitha Herath and discussed the ongoing Indian assistance to Sri Lanka under #OperationSagarBandhu High Commission of India in Colombo

Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups.
In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage.
The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement.
In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks.
New projects have long gestational periods requiring flexible mid-term ...

In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage

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MPC decided to keep repo rate unchanged at 5.5%: RBI Governor | Repo rate | Interest rate | Tariffs

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