Key Indian equity indices trade higher ahead of RBI policy announcement
Mumbai, June 6 : Investors' sentiment turned positive ahead of the RBI monetary policy committee (MPC) outcome on Wednesday that helped the key Indian equity indices trade higher.
The 30-scrip Sensitive Index (Sensex) was trading 102.57 points or 0.29 per cent higher.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 33.40 points or 0.32 per cent higher at 10,626.55 points.
The Sensex of the BSE, which opened at 34,932.49 points, traded at 35,005.78 points (at 10.59 a.m.), 102.57 points or 0.29 per cent higher from the previous day's close at 34,903.21 points.
The Sensex touched a high of 35,079.37 points and a low of 34,896.37 points in the trade so far.
Also the World Bank has forecast that India is projected to regain its position as the world's fastest growing major economy advancing 7.3 per cent this fiscal year and 7.5 per cent in the next two "as factors holding back growth in India fade".
The growth projections reflect "robust private consumption and strengthening investment," the bank's Global Economics Prospects report released on Tuesday said.
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Telangana CM urges Amit Shah to increase sanctioned strength of IPS officers in state
Hyderabad (PTI): Telangana Chief Minister A Revanth Reddy met Union Home Minister Amit Shah in Delhi on Wednesday night and urged him to increase the sanctioned strength of IPS officers to the state in view of its growing administrative and security needs.
The two leaders also discussed the recent surrender of several senior Maoist leaders before the Telangana Police and other issues.
"During the meeting, the two leaders discussed the issue of Maoist surrenders and their rehabilitation. The chief minister informed Shah that significant improvements in policing have taken place in Telangana over the past two years," an official release here said.
Highlighting that 591 Maoists have laid down their arms and joined the mainstream of society during this period, the chief minister said the state government was providing them compensation and rehabilitation assistance as per the rules.
He requested the Union home minister to extend financial support from the central government for development works in the backward regions of the state.
Reddy also urged Shah to increase the sanctioned strength of IPS officers to the state from 83 to 105 in line with the state's growing administrative and security needs, the statement said.
The first cadre review after the formation of Telangana was conducted in 2016, while the next review, due in 2021, was delayed and finally carried out in 2025. Even then, only seven additional IPS officers were allocated to the state, the chief minister informed Shah and requested that the third cadre review be conducted in 2026 as per the schedule.
Reddy explained that Telangana, like the rest of the country, is facing several modern challenges, including cybercrime, drug trafficking, white-collar crimes, and other emerging security threats.
He highlighted the reorganisation of the Hyderabad, Cyberabad, and Malkajgiri Police Commissionerates, the proposed formation of the Future City Commissionerate and the rapidly growing population in Hyderabad to underline the increasing administrative requirements of the state.
