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A 3-day monetary policy meeting begin at RBI

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On Tuesday, the Reserve Bank’s rate-setting panel began its three-day deliberations to determine the next monetary policy in light of Budget 2022-23, inflationary worries, and the changing geopolitical scenario.

The six-member Monetary Policy Committee (MPC), chaired by Reserve Bank Governor Shaktikanta Das, is expected to release the policy resolution on Thursday.

The meeting was scheduled to begin on Monday, but it was postponed by one day due to Maharashtra’s declaration of a public holiday on February 7 in honour of iconic vocalist Lata Mangeshkar’s death.

The MPC is widely expected to keep the benchmark interest rate, sometimes known as the repo rate, unchanged.

Analysts, on the other hand, believe that as part of the liquidity normalisation process, the MPC will switch its policy stance from “accommodative” to “neutral” and experiment with the reverse-repo rate.

If the RBI keeps the policy rate constant on Thursday, it will be the ninth time in a row. On May 22, 2020, the central bank slashed interest rates to a historic low in an off-policy cycle to boost demand.

Brickwork Ratings predicts that the RBI will keep policy rates unchanged at its next policy meeting.

“The MPC is expected to begin raising policy rates, starting with the policy corridor between repo and reverse repo rates. In its April 2022 policy meeting, the RBI is expected to raise the reverse repo rate “It was stated.

The outlook for inflation and growth for the current fiscal year may stay unchanged, while the statement’s forward guidance on inflation and GDP for the next fiscal year is eagerly anticipated, it added.

The most recent MPC meeting, held in December 2021, left the benchmark interest rate at 4% and chose to keep its accommodative stance despite concerns over the development of the novel coronavirus variant Omicron.

The government has given the MPC the responsibility of keeping inflation between 2% and 6%.

An SBI report has called for a 20 basis point increase in the reverse repo rate outside the MPC ambit to help the central bank find buyers for the flood of new debt papers. The report cites the massive increase in credit growth during the first half, as well as the steeper fall in deposits and the resulting rise in term money rates, as well as the record high borrowings.

According to the research, the Centre’s gross borrowing would be a record Rs 14.3 lakh crore in 2023, and Rs 10.5 lakh crore in FY22, down from Rs 13.5 lakh crore this year, while the gross borrowing will be Rs 23.3 lakh crore with the states, and the net borrowing will be Rs 17.8 lakh crore. It was also stated that the budget aims to repay Rs 3.1 lakh crore next fiscal, up from Rs 2.7 lakh crore current fiscal.

While signs of credit recovery emerged in the first half of FY22, the most recent data for the week ending January 14, 2022, shows all banks incremental credit increased by Rs 5.46 lakh crore, more than double the Rs 2.72 lakh crore seen in the same period last fiscal, according to the report, while incremental deposit growth was only Rs 8.6 lakh crore, down from Rs 10.5 lakh crore.

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Thousands Conquer India’s First Hill Marathon in Kharghar

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Over 9,000 runners including differently-abled athletes took to the slopes of Panvel in a historic display of grit and community.

The Marathon

Long before dawn broke over Navi Mumbai, the quiet paths of Central Park transformed into a surging sea of thousands of eager runners. At 4:30 AM, as the opening flag dropped, over 9,000 participants set off in the inaugural Kharghar Mayor Hill Marathon, making history in Panvel.

Billed as India’s first 42-kilometer hill marathon, the event earned prestigious international recognition from AIMS, drawing seasoned elite athletes alongside casual weekend joggers. Celebrated Marathi actor Ankush Chaudhari, alongside Mayor Nitin Patil and civic leaders, cheered on the massive crowd as they conquered the challenging terrain.

Beyond the competitive thrill, the day was defined by spirit and inclusion. More than 100 differently-abled runners took to the course, proving that endurance knows no physical bounds.

In the grueling 42-kilometer main event, Nilesh Dagdu Arsekar claimed victory in the men’s category with a time of 2 hours, 54 minutes, while Shivani Chaurasia dominated the women’s division, finishing in 3 hours, 28 minutes.

From hydration points to drone monitoring and dedicated medical response teams, civic volunteers ensured a safe, seamless experience. As the finish line celebrations swept through Kharghar, the marathon left behind more than just broken records it cemented Panvel’s place on the national endurance sports map.

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Navi Mumbai Residents Rally Against Proposed Orchestra Bar

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Residents raise safety and noise concerns, urge government to reject licence.

The Rally

Residents of Sector 17, Sanpada, have come together to oppose the proposed opening of an orchestra bar at The Affairs CHS, saying the location is unsuitable for such an establishment.

The proposed bar has sparked concern among nearby residents, particularly because it is located close to Advance Eye Hospital, Jaipuriar School and a public jogging track. Residents fear that the establishment could lead to increased noise, traffic and safety concerns in an area regularly used by families, students and senior citizens.

More than 500 residents and several housing societies have reportedly submitted written objections against the proposal. Corporator Nishant Bhagat has also taken up the matter with the government. He met Chief Minister Devendra Fadnavis and submitted a memorandum requesting that permission for the orchestra bar be rejected.

Nishant Bhagat reportedly referred to a July 27, 2026 government circular, which he said discourages the granting of new orchestra-bar licences and the renewal of existing ones. For residents, the issue is not simply about opposing a business. They say they want to preserve the peaceful character of their neighbourhood and ensure that public spaces remain comfortable and safe for families.

Residents are now awaiting the government’s decision on the proposed licence, while continuing to press for their objections to be considered.

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Nerul’s Dahi Handi Champions Inclusivity and a Drug-Free Youth

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Specially-abled Govindas break barriers as the annual festival rallies Navi Mumbai’s youth against addiction.

The Drugs Campaign

The Ramleela Maidan in Nerul echoed with festive cheers this year, but the ‘Makhan Chor Dahi Handi 2026’ stood out for a cause much bigger than its towering human pyramids. Spearheaded by Yuva Sena’s Giten Patil, the vibrant event carried a powerful, urgent rallying cry for the city’s youth: “Say No to Drugs.”

In a deeply moving start to the festivities, the honor of the first salami (salute to the Handi) was awarded to the specially-abled Govindas of the Pallavit Foundation. This heartwarming gesture set the tone for the day, replacing the usual fierce competition with a profound message of social equality, respect, and inclusivity.

Kalyan Rural MLA Rajesh More inaugurated the event, lauding Patil’s four-year dedication to blending celebration with social responsibility. “This youth of ours works hard to take this program to the people,” More noted, emphasizing the importance of community service over mere politics.

Amidst the lively rhythm of traditional Agri-Koli music, the core mission never faded. Organizer Giten Patil delivered an earnest plea to the young crowd: celebrate safely, support one another, and most importantly, stay away from addiction. It wasn’t just about breaking the Handi this year; it was about breaking barriers and bad habits, proving that true festive spirit lies in uplifting the entire community.

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