The second round of ‘Operation Twist’ is scheduled to take place on December 30. The Reserve Bank of India last week announced the simultaneous purchase and sale of government securities through special open market operations (OMOs) for ₹10,000 crore each in this round, following a review of the liquidity situation. The RBI had conducted the first OMO round on December 23.
Read more: RBI plans to purchase, sell G-secs worth ₹10,000 cr each
The second phase of the Tamil Nadu local body polls will be held on December 30, and more than 1.28 crore people are likely to cast their vote. The counting of votes will take place on January 2. The second phase of rural local body polls will see elections in areas covered by 158 panchayat unions.
At Its annual general meeting in Delhi, the Indian Olympic Association (IOA) is likely to decide whether it should approach the government for a bid to host the Commonwealth Games in 2026. Also likely to be discussed will be IOA’s proposal to have India opt out of the Commonwealth Games in Birmingham in 2022.