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SBI Flags Back-To-Back Rate Hikes, Inflation Risks Mount Across India

Mumbai: India may require a calibrated monetary response as inflation pressures broaden, with the Reserve Bank of India’s October and December policy meetings offering room for two consecutive 25-basis-point rate increases, State Bank of India said. In its latest Ecowrap report, ...

Free Press JournalSep 15, 2026

Mumbai Water Stock Rises To 97.94%, City's 7 Lakes Hold 14.17 Lakh ML Stock

Mumbai: The water stock in Mumbai's seven reservoirs rose to 97.94 per cent of their total useful live storage capacity on Tuesday morning, up from 97.48 per cent recorded a day earlier, according to the latest report from the Hydraulic Engineer's Department. मुंबईला पाणीपुरवठा क...

Free Press JournalSep 15, 2026

Bank Account Flagged Over Cyber Fraud, Will All Your Money Be Frozen?

Mumbai: The Reserve Bank of India (RBI) has proposed a targeted system for handling suspicious transactions linked to cyber fraud or money-mule accounts. Under the framework, banks would freeze only the disputed amount instead of blocking the customer's entire account. The draft ...

Free Press JournalSep 15, 2026

Tougher Days Ahead! Weak Monsoon, El Niño Could Make Food Costlier

Mumbai: India may face sustained food inflation in the coming months as a weak and uneven monsoon threatens crop yields, while a strengthening El Niño and geopolitical tensions push global commodity prices higher. Erratic Monsoon Hurts Crops Southwest monsoon rainfall was 14.7 pe...

Free Press JournalSep 15, 2026