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Today Updates — 12 May 2026 | RBA Hikes, PM Modi’s Appeal and Global Tensions — Radio Haanji
In today's edition of Today Updates on Radio Haanji 1674 AM, Gautam Kapil brings you the stories shaping Australia and the world. From shifting economic policies in India to the latest financial pressures hitting Australian households, we cover the essentials for our community to stay informed and connected.
RBA Lifts Cash Rate to 4.35 Per Cent
The Reserve Bank of Australia has announced an increase in the cash rate to 4.35 per cent, a move that is already being passed on to consumers by the nation's major banks. This shift means that families with variable-rate mortgages will see an immediate impact on their monthly repayments, adding further pressure to the cost of living. The decision reflects the central bank’s ongoing effort to curb inflation, but it brings a heavy burden for many Australian homeowners who are already tightening their budgets.
PM Modi Urges Austerity to Protect Foreign Reserves
In a direct appeal to citizens, Prime Minister Narendra Modi has requested that Indians avoid purchasing gold and reduce edible oil consumption for at least one year. The Prime Minister highlighted the need to conserve foreign exchange reserves as global geopolitical tensions, particularly in West Asia, continue to drive up fuel and fertiliser costs. While the request aims at long-term national stability, it has triggered immediate ripples in the domestic jewelry market, with stocks for major retailers seeing a sharp decline following the announcement.
Speculation Over Housing Tax Changes in Federal Budget
As the Albanese government prepares for "Budget Night," there is intense speculation regarding potential changes to capital gains tax and negative gearing. Although the government had previously pledged not to touch these settings, recent reports suggest that reforms may be included in the 2025-2026 budget to address intergenerational equity and housing supply issues. Many younger Australians are watching closely, hoping for measures that might make home ownership more accessible, while property investors are concerned about the financial implications.
Hantavirus Outbreak Reported on MV Hortensias
A health crisis is unfolding aboard the cruise ship MV Hortensias, currently docked in Spain’s Canary Islands following a hantavirus outbreak. Several cases have been confirmed among international passengers, including French and American citizens, prompting a swift response from health authorities and the World Health Organization. Officials are currently coordinating the disembarkation and repatriation of those on board, including several Australian and Indian nationals, ensuring they receive the necessary medical care and isolation.
West Bengal Welcomes First BJP Chief Minister
Suvendu Adhikari has officially taken the oath as the first BJP Chief Minister of West Bengal, marking a significant political shift for the state. The swearing-in ceremony, attended by top national leaders, saw the formation of a new six-member cabinet focused on addressing local issues like border security and regional employment. This new leadership has promised a fresh approach to governance, although the transition follows a period of heightened political tension and post-poll unrest across the region.
Australia Post to Introduce Fuel Surcharge
Logistics costs in Australia are set to rise as Australia Post introduces a fuel surcharge on domestic parcels starting June 1, 2026. The surcharge, which will increase from 12 per cent to 19.5 per cent for most contract customers, is a response to the soaring energy prices affecting the delivery network. While retail customers using standard letter services are currently unaffected, businesses across the country will likely have to factor these higher shipping costs into their operations.
Pakistan Summons Afghan Officials After Bannu Attack
Following a violent suicide attack in the Bannu district that claimed the lives of 15 police officers, Pakistan has summoned Afghan diplomats to lodge a formal protest. The attack, blamed on splinter groups of the Pakistani Taliban, has further strained relations between the two neighbours over issues of border security and militant havens. This incident underscores the ongoing security challenges in the region and the complex diplomatic efforts required to maintain peace along the shared border.
Dua Lipa Sues Samsung Over Unauthorized Image Use
In the world of tech and entertainment, pop star Dua Lipa has filed a $15 million USD lawsuit against Samsung for allegedly using her copyrighted image on television packaging without permission. The lawsuit claims the electronics giant used a backstage photo of the artist to induce consumers into buying their products. Lipa’s legal team argues that this unauthorized use has not only infringed on her intellectual property but also deprived her of the ability to control her brand partnerships.
Delhi Capitals Secure Thrilling IPL Victory
On the cricket field, the Delhi Capitals achieved a hard-fought victory over the Punjab Kings, winning by three wickets in a high-scoring encounter. Despite Punjab setting a formidable target of 210 runs, strong batting performances by Shreyas Iyer and Axar Patel steered Delhi to a successful chase in the final overs. The result keeps the points table tight as teams like RCB and Hyderabad continue to lead the race for the top spots this season.
Stay Informed with Today Updates on Radio Haanji
For the Punjabi and Indian community in Australia, staying connected to the day's events is about more than just facts; it is about understanding how the world affects our families and our futures. Today Updates provides that bridge, offering clear and trusted reporting on the stories that matter most to our listeners across the diaspora.
Whether it is navigating interest rate changes or following political shifts back home, we are committed to keeping you informed every weekday. Tune in to Radio Haanji for your daily news roundup and stay ahead of the curve.
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