The Repo Rate Hike: Inflation Gave the Cover, the Rupee Gave the Reason

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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence RBI Policy Decoded The Repo Rate Hike: Inflation Gave the Cover, the Rupee Gave the Reason The RBI raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. With the rupee at ₹96.78 to the dollar, the Fed at 3.75–4.00 percent and bank credit growing near 18 percent, the fuller story is bigger than August CPI of 4.8 percent. The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent on 7 October 2026. It is the first hike since February 2023, and the stance has moved from neutral to calibrated tightening. The rate decision was unanimous. The Governor cited inflation. The Monetary Policy Committee said the inflation outlook is no longer as comfortable as it was last year, and near-term rate cuts were taken off the table. That is the official story, and it is not wrong. But it is incomplete. Look at what surrounds the decision: a rupee near its record...
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FIR lodged against NGO for issuing fake I-cards
[Editor: The misleading identity cards were issued in the names of several underworld dons, under the banner of All India Labour Welfare Sewa Sangh (AILWSS). Not only that Manish Choudhury has taken money from several of my acquaintances on some pretext or the other; only to vanish in the dark. His cell phone is not reachable now. If he continues to evade me, I will post his phone number here in this blog. If anyone has any information about this person, please do send me a mail]
Tuesday, May 05, 2015: In a significant development following unearthing of a fake I-card racket, an FIR has been registered at the Dindoshi police station against an NGO, All India Labour Welfare Sewa Sangh (AILWSS), for issuing misleading identity cards and compromising national security.

The ADC – in its report on February 7 under the headline ‘Dons get ID Cards as CID officers, activists’ had highlighted about the Mumbai-based NGO, National Anti-Corruption and Crime Prevention Council (NACCPC) that filed a complaint against another NGO, All India Labour Welfare Sewa Singh (AILWSS), for issuing misleading identity cards and compromising national security wherein Chhota Shakeel, the right hand man of Pakistan-based Dawood Ibrahim and Tiger Memon, the mastermind of 1993 serial blasts or for that matter Hemant Pujari were passed off as CID officers or human rights activists. The NGO has been allegedly issuing I-cards against money and the complainant, Mohan Krishnan, the President of Mumbai-based NGO, National Anti-Corruption and Crime Prevention Council (NACCPC) acted as a whistle blower. I-cards in the name of Chhota Shakeel, the right hand man of Pakistan-based Dawood Ibrahim and Tiger Memon, the mastermind of 1993 serial blasts or for that matter gangster Hemant Pujari were issued as 'CID Officers' or human rights activists. “This is serious breach of security - and the police need to act on this. After a sting and our investigations, we managed to get I-cards done with photographs of Tiger Memon, the mastermind of serial blasts besides underworld dons like Chhota Shakeel and Hemant Pujari. This is extremely serious. We are living in an age of changing geo-political situation where we are surrounded by threats. We have been facing terrorism at regular intervals and such agencies add to the threat,” Krishnan said.

He further added, “My complaint was forwarded to Law Officer to know the legal opinion in the case and now, an FIR has been registered against the NGO for this act.”  Krishnan has written letters to Prime Minister Narendra Modi, Union Home Minister Rajnath Singh, Maharashtra Chief Minister Devendra Fadnavis, who holds the home portfolio, Chief Secretary Dr. Swadhin Kashtriya and Mumbai Police commissioner Rakesh Maria - seeking a through investigation into the issue.

“I have specifically sought action against AILWSS all-India president Jeevit Ram and its West Bengal unit chief Manish Choudhary, who are engaged in the money-spinning racket. They demand sums and then the I-cards are issued with designations like 'chief vigilance officer', 'chief enquiry officer', 'chief investigation officer', 'CID officer', 'president of action committee' and 'force commander of Ajamgadh'. People who obtain such cards, in turn extort money,” Krishnan said.

Courtesy: Afternoon

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