Amit Shah to attend Ajit Pawar's funeral in Baramati
Baramati (PTI): The last rites of Maharashtra Deputy Chief Minister Ajit Pawar, killed in a plane crash, will be held with full state honours on Thursday at Baramati in Pune district.
Union Home Minister Amit Shah will be among the leaders present at the funeral, his Nationalist Congress Party (NCP) said.
The last rites of Pawar (66) would be performed at the sports ground of Vidya Pratishthan in Baramati in Pune district around 11 am.
Pawar was killed on Wednesday morning after the chartered Learjet crashed near the Baramati airstrip, around 100 km from Pune. Two pilots, a flight attendant and a personal security officer were also killed in the accident.
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 Katewadi village near Baramati.
The funeral procession will begin at 9 am.
Shiv Sena-UBT leaders Uddhav Thackeray and his son Aaditya Thackeray on Thursday met the Pawar family at their residence in Baramati.
On Wednesday, Chief Minister Devendra Fadnavis and Deputy CM Eknath Shinde visited the hospital and spoke to Ajit Pawar's family members.
Police have registered an accidental death report (ADR) case in connection with the plane crash, an official said.
Pawar and four other persons on board the aircraft were killed after it crashed barely 200 metres from the edge of a tabletop runway at Baramati.
As per procedure, the ADR will be handed over to the Maharashtra Criminal Investigation Department (CID), which will conduct a probe based on findings of the Aircraft Accident Investigation Bureau (AAIB)'s inquiry.
The AAIB, which functions under the Ministry of Civil Aviation, has already taken over the probe into the crash.
A CID official told PTI that in case of the death of an influential public representative or figure in an accident, the probe is carried out by the CID.
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.
The government Thursday released a statement detailing the sequence of events that led to the crash and Pawar's death.
The aircraft was cleared for landing in Baramati 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.
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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.
