The big news: RBI governor says fall in GDP growth to 5% is surprising, and nine other top stories
Other headlines: The SC is likely to hear pleas challenging the disqualification of 17 Karnataka MLAs, and Farooq Abdullah was detained under Public Safety Act.
A look at the headlines right now:
- GDP growth rate of 5% was surprising, says RBI governor: Shaktikanta Das said current account and fiscal deficit could take a hit if oil prices continue to rise in the aftermath of drone attacks on Saudi oil fields.
- Supreme Court expected to hear petitions of disqualified Karnataka MLAs today: If the court upholds former Speaker KR Ramesh Kumar’s decision to disqualify them, then bye-elections will have to be held in the state.
- Public Safety Act invoked against former J&K Chief Minister Farooq Abdullah: The Congress called the action a misfortune for India.
- Karnataka CM BS Yediyurappa says no compromise on Kannada’s importance: Actor-turned-politician Kamal Haasan said ‘no shah, sultan, samrat can renege on the promise of unity in diversity’.
- Kerala asks Centre for clarification on new penalties under Motor Vehicles Act, seeks reduction in fines: Kerala Transport Minister AK Saseendran asked Union Transport Minister Nitin Gadkari to take necessary steps to issue an ordinance amending the MV Act.
- High Court stays UP government’s move to include 17 OBC communities in Scheduled Castes list: The court said the administration had not followed due process, adding that the move should have been cleared in the Parliament first.
- Kartarpur corridor will be open to pilgrims on November 9, says Pakistan: Meanwhile, India’s Additional Secretary of Home Ministry Govind Mohan said the corridor will be open from November 11.
- Saudi Aramco has assured Indian refiners there will be no supply shortage, says oil ministry: Oil prices touched record highs on Monday in reaction to the drone attacks on two Saudi oil facilities by Yemeni rebels over the weekend.
- Raghuram Rajan’s ‘The Third Pillar’ on FT and McKinsey & Company’s shortlist for business book award: The award recognises and honours the books that provide the ‘most compelling and enjoyable insight into modern business issues’.
- Carlsberg India bribed government officials for favours between 2015 and 2016, says report: The payments were reportedly made to ensure swifter regulatory processing time and to get better manufacturing terms for an Indian brewery.
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