Ajit Pawar cremated with full state honours; Amit Shah, Nabin attend funeral
Baramati (PTI): The last rites of Maharashtra Deputy Chief Minister Ajit Pawar, killed in a plane crash, were held with full state honours on Thursday at Baramati in Pune district.
Union ministers Amit Shah, Nitin Gadkari, former Union minister Sharad Pawar and BJP president Nitin Nabin attended the 66-year-old Nationalist Congress Party (NCP) chief’s funeral at the Vidya Pratishthan ground at Baramati, around 100 km from Pune.
Maharashtra CM Devendra Fadnavis and Deputy CM Eknath Shinde were also present, along with Ajit Pawar's wife Sunetra, who is a Rajya Sabha member, and sons Parth and Jay. Ajit Pawar's cousin Supriya Sule, Lok Sabha member from Baramati, and NCP working president and former Union minister Praful Patel were also present.
Thousands of people gathered for Ajit Pawar's last rites chanted "Ajit Dada amar rahe", when his mortal remains, draped in the national flag, were brought from his village Katewadi to the Vidya Pratishthan ground.
Shah, Gadkari, Nabin, Fadnavis, Union minister Ramdas Athawale, Goa CM Pramod Sawant, Eknath Shinde, former Union minister Sushilkumar Shinde and Andhra Pradesh minister Nara Lokesh were among the leaders who placed floral wreaths on Pawar's mortal remains.
Parth and Jay lit their father's funeral pyre.
On Thursday morning, the mortal remains of Ajit Pawar were taken from the Punyashlok Ahilyadevi Hospital in Baramati, where they were kept overnight, to his village.
Pawar and four other persons on board the aircraft were killed after it crashed barely 200 metres from the edge of the tabletop airstrip.
The others killed in the tragedy were Captain Sumit Kapoor, who had a flying experience of 15,000 hours, co-pilot Capt. Shambhavi Pathak with 1,500 hours of flying, Personal Security Officer (PSO) Vidip Jadhav and flight attendant Pinky Mali.
Their mortal remains have been handed over to their families, hospital sources said.
Police have registered an accidental death report (ADR) case in connection with the plane crash, an official said.
The government Wednesday released a statement detailing the sequence of events that led to the crash and Ajit Pawar's death.
The aircraft was cleared for landing after a go-around due to poor visibility, but having finally received a clearance, it did not give any read-back to the ATC, and moments later burst into flames near the edge of the airstrip.
The Civil Aviation Ministry on Thursday said the "black box" (comprising the Flight Data Recorder and Cockpit Voice Recorde) of the Learjet aircraft has been recovered.
VIDEO | Baramati: Leaders pay their last respects to Maharashtra Deputy Chief Minister Ajit Pawar at the Vidya Pratishthan ground.#Maharashtra #MaharashtraPlaneCrash #AjitPawar
— Press Trust of India (@PTI_News) January 29, 2026
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RBI keeps policy rate unchanged amid inflationary pressure
Mumbai (PTI): The Reserve Bank on Wednesday expectedly kept interest rates unchanged amid hopes of a global recovery on the back of ceasefire in the six-week-long US/Israel-Iran conflict.
The policy decision comes as a month and a-half-long West Asia conflict has disrupted energy supplies, shot up crude oil prices and created fiscal and inflationary pressures for import-dependent nations like India.
This is the first monetary policy review after the government announced a fresh inflation target for the RBI last month. The government has asked the RBI to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031.
Announcing the first bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain short-term lending rate or repo rate at 5.25 per cent with a neutral stance.
The rate cut pause comes on the back of the consumer price index (CPI) based headline retail inflation that moved closer to the RBI's medium-term target of 4 per cent at 3.21 per cent in February.
Additionally, the rupee has depreciated by over 4 per cent since the war, which has consequences for pushing up import inflation.
However, the rupee has appreciated by 50 paise to 92.56 against US dollar following announcement of the ceasefire by the US and Iran.
Based on the recommendation of the MPC, the RBI reduced the repo rate by 25 bps each in February, April, and December 2025 and 50 basis points in June amidst easing retail inflation.
India's retail inflation dropped to a historic low of 0.25 per cent in October 2025, marking the lowest level since the Consumer Price Index (CPI) series was introduced.
However, the rupee declined to historic low and crossed 95 against a dollar last month making imports costlier, raising fears of rise in inflation. Rupee touched a record low of 95.21 on March 30, 2026.
