Oct 2: 636 COVID-19 cases, 4 deaths in Karnataka
Bengaluru, Oct 2: Karnataka on Saturday logged 636 fresh COVID-19 cases and four deaths, pushing the overall caseload to 29,77,225 and fatalities to 37,811.
The day also saw 745 people being discharged, taking the total number of recoveries to 29,27,029. Active cases stood at 12,356, a health department bulletin said.
Bengaluru Urban accounted for the maximum number of 245 cases and one death, it said.
Dakshina Kannada district, bordering Kerala, remained a major COVID-19 hotspot with 100 fresh infections.
Other districts too reported fresh cases, including 44 each in Hassan and Mysuru, 30 in Tumakuru, 28 in Kodagu, 25 in Udupi and 22 in Shivamogga.
Bagalkote, Bidar, Gadag, Kalaburagi, and Yadgir reported zero infections and no deaths.
Twenty eight districts reported zero fatalities, the bulletin said.
A total of 1,69,319 samples were tested in the state on Saturday, taking the cumulative number of specimens examined so far to 4.79 crore.
The number of vaccinations done so far in the state rose to 5.69 crore, with 2,72,721 people being inoculated on Saturday, it said.
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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.
