Former Congress Chief, Ashok Tanwar resigns from Congress ahead of Haryana Assembly polls
New Delhi, Oct 5: In a blow to Congress ahead of Haryana Assembly polls, its former state unit chief Ashok Tanwar resigned from the primary membership of the party on Saturday.
Tanwar announced his resignation on Twitter and posted a four-page resignation letter addressed to Congress president Sonia Gandhi in which he said "Congress is going through existential crises, not because of its political opponents but because of serious internal contradiction.
"I after several months of consideration tender my resignation from the primary membership of the Congress party, which I nurtured from my sweat and blood. My fight is not personal but against the system which is destroying the grand old party," the letter said.
The reasons of his resignation are well known to all Congressmen, Tanwar said, adding that he has taken the decision after having long deliberations with party workers.
Tanwar has revolted against the party leadership alleging irregularities and corruption in ticket distribution for October 21 Haryana Assembly polls and had openly protested outside the Congress chief's 10 Janpath residence here on Wednesday.
He has been miffed with the party ever since he was removed as the Haryana Congress chief.
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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.
