 "FirstUp: PM Modi to inaugurate Chenab Bridge and more... Top news today")
It is set to be a busy Friday with several events lined up for the day.
Firstly, PM Modi is set to inaugurate the Chenab Bridge, termed as the world’s highest railway bridge today. Meanwhile, the Reserve Bank of India (RBI) is set to announce the repo rate.
In the world, Argentinian President Javier Milei will be visiting Italy.
Here is all that is set to take place throughout the day.
Modi to inaugurate Chenab Bridge
Prime Minister Narendra Modi will inaugurate the Chenab Rail Bridge in Jammu and Kashmir on Friday. This will mark a major milestone in India’s railway infrastructure as it is the tallest railway arch bridge in the world.
A testament to modern engineering, the Chenab Rail Bridge impressively spans 359 metres above the Chenab River, surpassing the height of the Eiffel Tower. This vital component of the 272-km Udhampur–Srinagar–Baramulla Rail Link (USBRL) project is poised to revolutionise connectivity, enabling a seamless rail journey from Udhampur to Baramulla and making the Kashmir Valley accessible by train for the very first time upon its completion.
The Rs 43,780 crore project has been described as a strategic and social connector. By linking the Kashmir Valley with the Indian Railways network, the government hopes to boost tourism, create jobs and accelerate the movement of goods and people in and out of the region.
RBI to announce repo rate
The Reserve Bank of India is set to announce the repo rate. Earlier, the RBI reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6 per cent.
The results are being announced after the RBI’s Monetary Policy Committee (MPC) met for three days. The rates are being announced at a time when inflation in the country has been steadily declining. India’s retail inflation eased to 3.16 per cent in April, down from 3.34 per cent in March, according to official data released by the Ministry of Statistics and Programme Implementation.
With inflation now below the 4 per cent mark, the MPC is expected to take this into account while deciding the policy stance.
Argentina’s President Milei to visit Italy
Argentine President Javier Milei is scheduled to begin his official visit to Italy from today. He is scheduled to meet Italian Prime Minister Giorgia Meloni at the Chigi Palace in Rome, following the signing of a memorandum of understanding between Argentina’s state energy firm YPF and Italian multinational ENI.
Later in the evening, he is expected to attend a private dinner with Prime Minister Meloni.
This visit marks the beginning of President Milei’s 10-day international tour, which will also include stops in Spain, France, and Israel. In Israel, he is expected to meet with President Isaac Herzog and Prime Minister Benjamin Netanyahu and will address the Knesset, Israel’s parliament.
With inputs from agencies
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