Fire Breaks Out at Camp in Maha Kumbh Mela; RBI Announces Rate Cut

Fire Breaks Out at Camp in Maha Kumbh Mela; RBI Announces Rate Cut

A fire broke out at a camp in Mahakumbh Nagar on Friday, leaving no casualties reported. The blaze was brought under control by firefighters, with the help of the fire department.

The Reserve Bank of India (RBI) also made headlines with its announcement about the latest monetary policy, which includes a rate cut of 25 basis points. This decision is expected to have a significant impact on the stock market and inflation rates in India.

The Indian stock market opened cautiously ahead of the RBI's decision, with the BSE Sensex gaining 121.16 points and the NSE Nifty gaining 34.70 points. However, experts are warning investors that there could be further fluctuations due to the Bank of Japan's upcoming interest rate hikes.

Additionally, the number of suspected Guillain-Barré Syndrome (GBS) fatalities in Maharashtra has climbed to six following the death of a 63-year-old man in Pune. The deceased was admitted to a hospital after experiencing fever and weakness in his lower limbs, and despite medical intervention, he succumbed to an acute ischemic stroke.

Sports fans will be interested to know that team India is gearing up for the upcoming Champions Trophy, with skipper Rohit Sharma stating that there isn't anything specific they want to try and achieve, but rather focus on ticking all the boxes.

In entertainment news, actress Priyanka Chopra Jonas was spotted dancing at her brother Siddharth Chopra's wedding festivities in Mumbai. The event also featured Nikki Bella singing alongside Nick Jonas.

Coronavirus Outbreak Update* 2 cases of COVID-19 reported from Maharashtra * Total number of active cases: 11

Weather Update* Thunderstorm warning for parts of Maharashtra and Gujarat * Temperature set to drop due to norwester winds