Headlines at 10:30 a.m. on May 5, 2022

You are listening to the Expresso News update. Here is the latest news from The Indian Express.
“Let’s start with the main news of the day: ending the low interest rate regime, the Reserve Bank of India raised the Repo rate, the main policy rate, by 40 basis points to 4.40% and the cash reserve rate by 50 basis points to 4.50% to reduce high inflation and cope with the impact of geopolitical tensions.

At an unscheduled meeting of the monetary policy committee, however, the central bank maintained the accommodative monetary policy. The sudden move by the RBI – the first hike after August 2018 – is expected to drive up interest rates in the banking system. Matching monthly payments on home, auto, and other personal and business loans are likely to increase. Deposit rates, mainly fixed term rates, are also expected to rise.

The sharp acceleration in headline consumer price index inflation in March 2022 to 7% was propelled in particular by food inflation, RBI Governor Shaktikanta Das said. :

Moving on, following the violence in Jodhpur, Rajasthan Chief Minister Ashok Gehlot criticized the Bharatiya Janata Party saying that their high command ordered them to defame our government and create instability.

In other news: Maharashtra Navnirman Sena Chief Raj Thackeray says their agitations will continue until illegal loudspeakers are removed from mosques.

“Moving to other important news: stressing the ‘shared values ​​of freedom, democracy and rule-based order’ with the Nordic countries, Prime Minister Narendra Modi discussed the situation in Ukraine with the Prime Ministers of Denmark, Sweden, Finland, Norway and Iceland at the second India-North Summit in Copenhagen

With countries prioritizing cooperation in the post-Covid situation, Modi highlighted “how India has used IT platforms for effective sensitization and monitoring of Covid vaccination in India.” Stressing the need for a “human-centric multilateral order”, he told the Nordic leaders that India believes “such platforms are a natural global good”.

“A 13-year-old Dalit rape survivor in Uttar Pradesh was allegedly raped again by the police officer at a police station in Lalitpur district where she had gone to file charges against four men for kidnapping her and gang-raped last month.

Police have filed a complaint against six people, including the SHO and the girl’s aunt, after the incident came to light when the girl told members of a child helpline about her ordeal. The SHO was suspended, following a complaint filed by the girl’s mother on Tuesday, and arrested on Wednesday.

Congress Leader Priyanka Gandhi Vadra tweeted saying needed law and order reforms were being ‘suppressed amid the sound of bulldozers’ – a reference to the state government’s demolition campaign against the history leafters.
“And finally, to mark eight years of the Narendra Modi government in the Centre, the Bharatiya Janata Party in Haryana has planned an outreach program starting today which aims to cover 21 lakh families in 21 days.

Haryana BJP spokesperson Sudesh Kataria said party leaders and workers will present to the public the social welfare policies of the Modi government and the state government led by Manohar Lal Khattar during the program of sensitization.
The BJP has stepped up its organizational activities at a time when opposition leader and former chief minister Bhupinder Singh Hooda seeks to energize Congress workers after winning a ‘carte blanche’ in state unity party with the appointment of his loyalist Udai Bhan as Haryana Congress leader. .”

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