The RBI is expected to hold its policy rate steady at its bi-monthly monetary policy review meeting on Tuesday. The focus is instead likely to shift to efficient transmission of the 150 basis points rate cuts announced since early 2015. At its last policy meeting in April, the bank cut the repo rate by 25 basis points to 6.50 per cent from 6.75 per cent.

Prime Minister Narendra Modi will meet US President Barack Obama at the White House to review the progress made in key areas of defence, security and energy during his two-day visit to the US where he will also address a joint meeting of the US Congress.

The apex court will hear a plea seeking a CBI probe into last week’s violence in Mathura in which 29 people lost their lives. Advocate Kamini Jaiswal appearing for petitioner lawyer Ashwini Upadhyay said evidence was being destroyed since the very start of the incident and around 200 vehicles have already been burnt.

The Debt Recovery Tribunal will give its orders on 26 applications filed by the SBI and other defendants in the Rs 9,091-crore debt recovery case against Vijay Mallya, his UB group firms and the now-defunct Kingfisher Airlines.

The UN General Assembly's president has scheduled for today another round of question-and-answer sessions with candidates to succeed Ban Ki-moon as Secretary-General. Mogens Lykketoft has said he expects at least two new candidates to be nominated soon.

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