Karnataka HC disqualifies lone JD(S) MP Prajwal Revanna from Parliament
Bengaluru: The High Court delivered a verdict on Friday disqualifying MP Prajwal Revanna from representing the Hassan Lok Sabha constituency due to his submission of false information in his election affidavit during the 2019 parliamentary elections.
This decision stemmed from a 2019 petition that accused Prajwal Revanna, the sole MP representing the Janata Dal (Secular) party from the Hassan Lok Sabha constituency, of providing incorrect information in his property declaration and affidavit submitted during the election.
Prajwal Revanna had contested the election as part of an alliance, securing victory in his maiden attempt. However, allegations arose that he had furnished false details in his affidavit, potentially misleading the electorate. Arakalagudu Manju, the BJP candidate who had contested and lost in Hassan, subsequently filed a petition in the High Court on June 26, 2019, seeking the disqualification of Prajwal Revanna from his MP seat.
As a result of the High Court's decision, Prajwal Revanna has been disqualified from representing the Hassan Lok Sabha constituency.
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RBI lowers FY26 inflation projection to 4 pc
Mumbai (PTI): The Reserve Bank on Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices.
Consumer Price Index (CPI) based headline retail inflation declined by a cumulative 1.6 percentage points during January-February 2025, from 5.2 per cent in December 2024 to a low of 3.6 per cent in February 2025.
On the back of a strong seasonal correction in vegetable prices this year, food inflation dropped to a 21-month low of 3.8 per cent in February.
Unveiling the first bi-monthly monetary policy of financial year 2025-25, RBI Governor Sanjay Malhotra said the outlook for food inflation has turned decisively positive.
There has been a substantial and broad-based seasonal correction in vegetable prices.
"On the inflation front, while the sharper-than-expected decline in food inflation has given us comfort and confidence, we remain vigilant to the possible risks from global uncertainties and weather disturbances," the governor said.
He further said the uncertainties on rabi crops have abated considerably and the second advance estimates point to a record wheat production and higher output of key pulses over the last year.
Along with robust kharif arrivals, this is expected to set the stage for a durable softening in food inflation, the governor said.
Sharp decline in inflation expectations for three months and one year ahead period would help anchor inflation expectations going ahead, the central bank said.
Furthermore, the fall in crude oil prices augurs well for the inflation outlook, said the Monetary Policy Statement, 2025-26 Resolution of the Monetary Policy Committee (MPC).
On the other hand, there are concerns on lingering global market uncertainties and recurrence of adverse weather-related supply disruptions pose upside risks to the inflation trajectory.
Taking all these factors into consideration, and assuming a normal monsoon, Malhotra said CPI inflation for the financial year 2025-26 is projected at 4 per cent, with Q1 at 3.6 per cent; Q2 at 3.9 per cent; Q3 at 3.8 per cent; and Q4 at 4.4 per cent. The risks are evenly balanced.
The government will release the retail inflation numbers next week.
