Prime Minister Narendra Modi virtually inaugurated and laid the foundation stone of various projects of the Shrimad Rajchandra Mission at Dharampur in Gujarat.
Vikram K. Doraiswami was appointed India's new High Commissioner to the United Kingdom, considered an important posting in view of growing strategic ties between the two countries.
Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.
The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.