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Newspaper Headlines: RBI Keeps Repo Rate Unchanged At 5.15%; Lowers Growth Forecast And Other Stories

  • The Times Of India: A 23-year-old gang-rape survivor was stabbed multiple times, doused in petrol and set ablaze by five men, including two of her alleged rapists, in her village in Unnao district. States cannot reduce fines for traffic offences below what has been notified as minimum amount in the recently amended Motor Vehicle Act, the country's top law officer has said.
  • Hindustan Times: The RBI defied expectations by keeping its policy rate unchanged at 5.15%. A gang-rape survivor was assaulted and set on fire by five men, including two accused in the gang rape case in Uttar Pradesh's Unnao, one of whom was released on bail less than a week ago.
  • The Hindu: A day after his release from Tihar jail on bail, former Union Finance Minister P. Chidambaram questioned Prime Minister Narendra Modi's "silence" on the economic slowdown and accused the government of being "clueless even as its Ministers are engaged in bluff and bluster". The RBI surprised the market by keeping the policy interest rate unchanged at 5.15%.
  • The Telegraph: The Reserve Bank of India's policymakers shocked economists, industry and the Street by deciding to hit the pause button on interest rate cuts after five downward revisions this year. Two men accused by a woman of gang-raping her allegedly set her on fire in Unnao, where an arrested BJP lawmaker and his brothers stand accused of gang-raping and trying to kill another woman.
  • The Asian Age: The Congress took out a procession in the Assam Assembly premises against the Citizenship Amendment Bill while the All Assam Students Union (AASU) and 30 other outfits are meeting here to formulate a joint strategy to block the controversial bill that the BJP is determined to pass during the Winter Session of Parliament. RBI's monetary policy committee unanimously voted for a pause on rate cut, though it has come after five consecutive rate cuts since February 2019.
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