News

Labor's fate in the upcoming election hangs precariously on the Reserve Bank's upcoming interest rate decision. With a significant portion of Australians, particularly in Labor-held electorates, burdened by mortgages, rising interest rates and rents pose a significant threat to the party's electoral prospects.

The upcoming inflation figures on Wednesday will be crucial for the Reserve Bank's decision on a potential February interest rate cut, with easing housing costs and a strong jobs market presenting conflicting signals. The government is hopeful for rate relief before the May election, but the Reserve Bank will also consider household spending and other economic data before making its decision.

Delhi Court denied interim bail to Chief Minister Arvind Kejriwal in the excise policy case, extending his judicial custody till June 19. The court also directed authorities to conduct required medical tests for Kejriwal, who is currently lodged in Tihar jail in connection with a money-laundering case linked to the now-scrapped Delhi excise policy.

Industrialist Anand Mahindra shared a heartwarming post about his "chance encounter" with NASA astronaut Sunita Williams, expressing relief at her safe return to Earth after a nine-month space mission due to technical failures with the Starliner spacecraft. He praised her courage and resilience, welcoming her back with a warm "Swagatam, Sunita.

Anubhav Dubey, co-founder of Chai Sutta Bar, shared an inspiring message on Twitter, emphasizing that a lack of awards or recognition doesn't diminish one's capabilities. He encouraged individuals to persevere and strive for their goals, highlighting his own journey from a "backbencher" to a successful entrepreneur.