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The Reserve Bank of India is expected to keep policy rates unchanged till April, according to a report.
The Monetary Policy Committee (MPC), the RBI’s rate-setting panel, will begin deliberations on Monday and announce policy decisions on Wednesday.
Almost all major central banks are raising interest rates to combat inflation. The Reserve Bank of Australia will keep rates steady, according to US brokerage Bank of America Securities.
After the Budget declared record borrowing intentions for the coming fiscal year, India’s benchmark 10-year bond yields are approaching 6.9%. The entire domestic and external climate, according to analysts at Edelweiss Brokerage, is unfavourable for the bond market.
Bank of America (BofA) analysts believe the MPC will keep rates steady when it releases its final policy review of the fiscal year on February 9. After the Budget disclosed a record borrowing plan, the market expected a 25 basis point reverse repo tightening.
India’s fiscal deficit is predicted to decline from 6.9% in FY22 (up 10 basis points from the revised projection) to 6.4 per cent in FY23. The enormous expenditure push at the expense of fiscal reduction is the budget’s main centrepiece for FY23.
Revenue spending, net of interest payments and subsidies, is forecast to increase by only 1% in FY23, while capital expenditures are expected to increase by 24%, implying more supply-side spending rather than a large demand boost, and hence no serious inflation pressure.
Given all of this, the RBI is expected to leave rates steady next Wednesday, even though the pandemic is still ongoing.
According to Bank of America Merrill Lynch, the first tightening step is anticipated to come in April or June. The RBI has started selling bonds after being a strong buyer in the first half, resulting in a large demand-supply mismatch and a surge in yields. It did so in the expectation that the government would enable local bonds to be included in international indices, but it has yet to do so.
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Thousands Conquer India’s First Hill Marathon in Kharghar
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
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
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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