Srinagar (PTI): Two people died while as many were rescued after they were trapped in snowfall in Anantnag district of Jammu and Kashmir, officials said on Sunday, taking the death toll due to inclement weather to five.

Last night, stranded persons at Sinthan Pass in south Kashmir district were rescued, they said.

The rescue team of civil, police army and State Disaster Response Force (SDRF) officials traversed 30 km through snow-covered and foggy terrain, aided by machinery and walked for 8 km to reach the location, the officials said.

"At 0500 hours on October 24, one body was located on the spot, while another person died during the trip back," they said.

Two people survived and are being treated for hypothermia and shock, the officials added.

Parts of the valley, especially the higher reaches in south Kashmir, received moderate to heavy snowfall on Saturday.

The snowfall and rains, which started late on Friday night, triggered a mudslide that hit a tent set up by nomads in Noorpora in Tral area of Pulwama district, leaving three people, including two women dead, and one critically injured, they said.

The nomads belonged to Reasi district in the Jammu Division, the officials added.

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Mumbai (PTI): Reserve Bank on Wednesday cut India's growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties.

Prospects of agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in 2025-26, RBI Governor Sanjay Malhotra said while unveiling the outcome of the first bi-monthly Monetary Policy Committee meeting for the current financial year.

Manufacturing activity is showing signs of revival with business expectations remaining robust, while services sector activity continues to be resilient, he said.

Investment activity has gained traction and it is expected to improve further on the back of sustained higher capacity utilisation, government's continued thrust on infrastructure spending, healthy balance sheets of banks and corporates, along with the easing of financial conditions, he said.

"Merchandise exports will be weighed down by global uncertainties, while services exports are expected to remain resilient. Headwinds from global trade disruptions continue to pose downward risks," he said.

Taking all these factors into consideration, he said, real GDP growth for 2025-26 is now projected at 6.5 per cent, with Q1 at 6.5 per cent; Q2 at 6.7 per cent; Q3 at 6.6 per cent; and Q4 at 6.3 per cent.

"While the risks are evenly balanced around these baseline projections, uncertainties remain high in the wake of the recent spike in global volatility. It may be noted that the growth projection for the current year has been marked down by 20 basis points relative to our earlier assessment of 6.7 per cent in the February policy," he said.

This downward revision essentially reflects the impact of global trade and policy uncertainties, he said.