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RBI will announce its sixth bi-monthly monetary policy on February 7.The report expects CPI at around 3.3 per cent in March 2019. It said concerns, however, remain about the stickiness of core inflation, especially at a time when growth is expected is slow to 6.6 per cent in the second half of FY19."While volatile crude oil prices and concerns on fiscal slippage may warrant some caution, the seemingly structurally benign food inflation along with softening growth should help in capping the upside pressures," it said.The report expect a 50 basis points of rate cut in the first half of 2019. In the previous Portable Gazebos Manufactures monetary policy announced in December, RBI kept the repo rate unchanged at 6.5 per cent.

The BJP has almost laid siege to Allahabad for its national executive meeting, scheduled to be held on June 12 and 13.According to reports, the BJP unit has booked around 400 air-conditioned rooms for the guests and around 100 rooms have been booked in Varanasi district. Allahabad does not have too many air-conditioned "A" category hotels so all the government guest houses and motels have been booked to capacity.Guests house of BSNL, railways, which come under the Central government, have also been booked for the event."We will have around 500 VVIP guests, including Union ministers, state ministers, chief ministers and MPs, and all of them will come with their security personnel.