Sahebaan Welfare Trust launches membership induction drive in UAE
Dubai (Press Release): Sahebaan Welfare Trust (SWT) Mangalore launched its membership induction drive recently at the premises of Northern Insurance Company on Sheikh Zayed Road in Dubai, United Arab Emirates.
The launching ceremony happened in the presence of trustees and prominent UAE Sahebaans, including Nasir Syed, Mateen Ahmed Chilmi, Yunus Sheikh, Nisar Khan, Ajmal Syed, and Althaf Khalife.
As part of the induction drive, SWT unveiled its brochure, signaling the expansion of its membership outreach not only in India but also in the UAE and other countries.
Established in December 2023, SWT is dedicated to addressing the welfare needs of the Sahebaan community, predominantly Urdu-speaking individuals hailing from the DK and Udupi districts. Moreover, SWT aims to bridge the gap in representation for returning Sahebaan NRIs in India.
Embodying principles of peace and harmony, SWT adheres to a stringent group membership policy while respecting the laws of the respective countries.
During the ceremony, Syed Siraj Ahmed, General Secretary of SWT, provided insights into the organization's objectives, past achievements, and forthcoming plans. These include a series of bi-monthly welfare talks covering education, health, taxation, NRI investments in India, and active participation in governmental initiatives such as Swachh Bharat Abhiyan and traffic awareness campaigns, alongside fostering interfaith harmony.
Afroz Assadi, President of SWT, extended a warm welcome to all attendees, expressing gratitude for their presence and spoke on the importance of continued support and cooperation to realize the objectives set forth by SWT. The constructive and beneficial role of SWT Ladies Wing was noted and appreciated during the meeting.
Faizaan Khatib, Lead of the SWT Youth Wing was also present.
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RBI lowers FY26 inflation projection to 4 pc
Mumbai (PTI): The Reserve Bank on Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices.
Consumer Price Index (CPI) based headline retail inflation declined by a cumulative 1.6 percentage points during January-February 2025, from 5.2 per cent in December 2024 to a low of 3.6 per cent in February 2025.
On the back of a strong seasonal correction in vegetable prices this year, food inflation dropped to a 21-month low of 3.8 per cent in February.
Unveiling the first bi-monthly monetary policy of financial year 2025-25, RBI Governor Sanjay Malhotra said the outlook for food inflation has turned decisively positive.
There has been a substantial and broad-based seasonal correction in vegetable prices.
"On the inflation front, while the sharper-than-expected decline in food inflation has given us comfort and confidence, we remain vigilant to the possible risks from global uncertainties and weather disturbances," the governor said.
He further said the uncertainties on rabi crops have abated considerably and the second advance estimates point to a record wheat production and higher output of key pulses over the last year.
Along with robust kharif arrivals, this is expected to set the stage for a durable softening in food inflation, the governor said.
Sharp decline in inflation expectations for three months and one year ahead period would help anchor inflation expectations going ahead, the central bank said.
Furthermore, the fall in crude oil prices augurs well for the inflation outlook, said the Monetary Policy Statement, 2025-26 Resolution of the Monetary Policy Committee (MPC).
On the other hand, there are concerns on lingering global market uncertainties and recurrence of adverse weather-related supply disruptions pose upside risks to the inflation trajectory.
Taking all these factors into consideration, and assuming a normal monsoon, Malhotra said CPI inflation for the financial year 2025-26 is projected at 4 per cent, with Q1 at 3.6 per cent; Q2 at 3.9 per cent; Q3 at 3.8 per cent; and Q4 at 4.4 per cent. The risks are evenly balanced.
The government will release the retail inflation numbers next week.
