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Tiranga Rally Is Excellent. Breaking The Law Was Not

October 17, 2026

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News Snippets

  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
  • Kolkata witnesses traffic snarls on the first day of the Durga Puja festival as revellers start pnadal-hopping
  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
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All Things Considered

By Our Editorial Team
First publised on 2025-12-06 11:36:03

About the Author

Sunil Garodia The India Commentary view

The Reserve Bank of India's decision to cut the repo rate by 25 basis points was, in many ways, an unavoidable response to a rare constellation of macroeconomic signals: high real growth, record-low inflation, and a sharply weakening rupee. Yet the move has triggered a wider debate - not on whether a cut was justified, but on what it reveals about the evolving priorities of monetary policy.

Growth numbers have surprised on the upside, with the economy expanding by 8.2 per cent in the second quarter. More importantly, this momentum has been broad-based across agriculture, manufacturing and services. At the same time, inflation - the RBI's primary mandate - has undershot its target for nearly a year. Core inflation is subdued, price pressures remain muted, and the central bank's own projections place average inflation at a mere 2 per cent this year. In this "disinflationary sweet spot", as several commentators noted, policy space simply had to be used.

But the cautionary strands in the RBI's communication must not be ignored. High-frequency indicators hint at softening demand, exports are faltering, and nominal GDP growth - critical for fiscal arithmetic - is running below budget assumptions. With fiscal space squeezed by recent tax cuts, the responsibility for supporting the economy shifts inevitably to monetary policy. The rate cut, accompanied by measures to ease liquidity, signals precisely this shift.

The rupee's slide past 90 has caused discomfort, yet many analysts correctly argue that a more competitive currency may in fact strengthen exports and rebalance an overvalued exchange rate. What matters now is stability, not symbolism.

The RBI has delivered a pragmatic, growth-tilted policy without losing sight of risks. Going forward, the trajectory of demand, global trade, and currency volatility will determine whether this cut marks the start of a cycle - or a carefully calibrated pause. The central bank has played its hand; the economy must now justify the optimism.

 

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