November 6, 2025 07:19 AM IST
First published on: Nov 6, 2025 at 07:19 AM IST
Stabilising prices
The government and the RBI should show due concern for achieving the price stability objective, taking into consideration the socio-economic objectives of planned development, an RBI-appointed committee has said. In its report reviewing the functioning of the monetary system, the committee was of the view that it was necessary to evolve a framework for ensuring that increases in money supply were not too far out of alignment with year-to-year growth in output.
PM on Af-Pak
Prime Minister Rajiv Gandhi said on Tuesday that Pakistan appeared to be interested in keeping the Afghanistan issue alive to secure more arms. He also expressed concern over Pakistan’s attempt to revive the Kashmir issue, and said Gen Zia-ul-Haq’s speech at the UN was a clear indication of that. He also said he hoped it would be possible to reduce tensions between India and China following the talks now in progress.
KGB officer ‘kidnapped’ by US
Vitaly Yurchenko, a high-level Soviet KGB officer, who the State Department claims defected to the United States, said he had been drugged, brought to the US unconscious and against his will and offered $1 million for his cooperation. Reacting, the State Department said his charges were “completely false and without any foundation”. Yurchenko repeatedly described his ordeal as “state-sponsored terrorism”, and told of being drugged before meeting with CIA director William Casey.
Relief for disenfranchised
The Centre will not hesitate to give legislative cover to the 1966-71 stream of illegal immigrants in Assam who would be disenfranchised for 10 years following the accord signed in August, Union Home Minister S B Chavan said. When pressed on whether the legislative measures would be taken before the Assembly elections, he said, “I believe so.” Chavan said that bringing in such legislation was also part of the Assam Accord.
Reliance case in SC
The Supreme Court (SC) in a special leave petition filed by the Union of India in the Reliance case ruled that Reliance Industries, which had already imported 5,000 tonnes of terephthalic acid (TPA), could not use the material till the final decision of the court. The SC has also directed that the main writ petition in the Bombay High Court be disposed of within three weeks. Reliance Industries had filed a writ petition in the Bombay HC over the government order transferring the import of TPA from the Open General Licence to the permissible list. The Bombay HC, in its interim order, had permitted Reliance Industries to import limited quantities of TPA.
