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FirstUp: Will RBI cut the repo rate today?
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  • FirstUp: Will RBI cut the repo rate today?

FirstUp: Will RBI cut the repo rate today?

FP Explainers • February 7, 2025, 07:10:52 IST
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Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce a decision on repo rates today. Pakistan will host a biennial multinational naval exercise, dubbed Aman (Peace) 25. A New York judge is expected to announce the sentencing of disgraced former Congressman George Santos on federal fraud charges

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FirstUp: Will RBI cut the repo rate today?
Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce a decision on interest rates. Image Courtesy: CNBC-TV18

It’s Friday, and a lot is lined up for today.

Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce a decision on interest rates to commercial banks.

Pakistan will host a biennial multinational naval exercise, dubbed Aman (Peace) 25, from today.

A New York judge is expected to announce the sentencing of disgraced former congressman George Santos on federal fraud charges.

Here’s how the day will unfold.

The outcome of the RBI Monetary Policy Meet

Reserve Bank of India (RBI) Governor Sanjay Malhotra will announce a decision on interest rates at which commercial banks borrow money from the central bank on Friday.

The decision comes after three days of the Monetary Policy Committee (MPC) meeting, which began on February 5.

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The RBI conducts six bi-monthly meetings each financial year to discuss interest rates, money supply, inflation outlook and other macroeconomic indicators.

Manipur Speaker’s tribunal hearing of anti-defection case 

The Manipur speaker’s tribunal would hear the anti-defection case of five JD(U) MLAs who had joined the BJP shortly after winning the state assembly elections in 2022.

A petition seeking disqualification of the five from the assembly was filed by Manipur Congress Vice-President Hareshwar Goswami.

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Pakistan Navy’s Aman military drills

Pakistan will host a biennial multinational naval exercise from February 7 to 11.

Dubbed Aman (Peace) 25, the military drill, which will see participation from 60 countries, will run in the northern Arabian Sea off the port city of Karachi.

DMK MPs’ protest at Parliament 

DMK MPs, along with other opposition MPs, will be protesting on Friday at Parliament premises against the detainment of Tamil Nadu fisherman by Sri Lankan Navy.

The Sri Lankan Navy detained 10 Indian fishermen from Tamil Nadu and seized their mechanised boats while they were fishing in the Gulf of Mannar.

Crucial court hearings

  • A New York judge is expected to announce the sentencing of disgraced former congressman George Santos on federal fraud charges. Earlier, the court had delayed his sentencing so he could pay off more than half a million dollars in fines by making more episodes of his podcast “Pants on Fire.”

  • The Supreme Court will hear a plea filed by a batch of students seeking fresh counselling of All India Quota (AIQ) round 3 of NEET-PG 2024.

  • Delhi court over CBI plea to prosecute all accused persons in a case related to the alleged land-for-jobs scam involving former Railway Minister Lalu Prasad.

Indian Navy’s ‘Quality Assurance Conclave’ in New Delhi

The Quality Assurance (QA) Conclave, themed ‘Collaborative Quality Assurance: Bridging the Gap Between Industry and Defence’, will be held at the Manekshaw Convention Centre in the National Capital.

The event aims to provide a strategic platform to advance India’s defence manufacturing ecosystem and will serve as a pivotal forum to foster dialogue and strengthen cooperation between the Defence and Shipbuilding sectors, according to the Indian Navy.

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3 Indian pro boxers at Super Fighter Series in Bangkok

Three Indians, including Tamil Nadu’s pro boxer Sabari Jaishankar and Laldinsanga and Vanlalawmpuia from Mizoram, will star in the Super Fighter Series, an international professional boxing event in Bangkok.

The high-octane series features international boxers from the USA, France, Belarus, Ukraine, Thailand, besides the three Indians.

Adani’s younger son Jeet’s wedding with Diva Shah

Adani Group Chairman Gautam Adani’s son, Jeet Adani will marry Diva Jaimin Shah, daughter of Surat diamond merchant Jaimin Shah, on Friday in Ahmedabad.

The couple got engaged in March 2023.

Legend 90 League: Rajasthan Kings Vs Dubai Giants

Rajasthan Kings will take on Dubai Giants in the second match of the ongoing Legends 90 League at Shaheed Veer Narayan Singh International Stadium in Raipur.

Gujarat Samp Army will face Big Boys later on the same day.

Surajkund International Crafts Mela in Haryana

The 38th Surajkund International Crafts Mela will be held from February 7 to 23 in Haryana’s Faridabad.

It is organised by the Surajkund Mela Authority and Haryana Tourism in collaboration with Union Ministries of Tourism, Culture, Textiles, and External Affairs.

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Asian Winter Games 2025 in China

The Asian Winter Games are back with its ninth edition in China’s Harbin.

The event will officially open today at the Harbin International Convention Exhibition and Sports Centre, where the closing ceremony will also be held on February 14.

A day to remember

  • Safer Internet Day

  • Birth anniversary of author Charles Dickens

  • Birth anniversary of BR Ambedkar’s wife, Ramabai Bhimrao Ambedkar

  • Birth anniversary of swimmer Kristin Otto

  • The classic board game Monopoly was invented in 1935

  • INS Shakti, India’s first indigenously built submarine, was launched in 1992

  • Pluto moved inside Neptune’s orbit for the first time since its discovery in 1979

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