Jharkhand's Finance Minister has ordered a statewide investigation into alleged fraudulent salary withdrawals from government treasuries, following reports of irregularities in multiple districts.
An accountant in Bokaro district, India, has been arrested for allegedly embezzling over Rs 6 crore from the treasury's salary disbursement account. Investigations are ongoing to determine the full extent of the fraud.
The Hazaribag Superintendent of Police (SP) Office treasury scam has seen further developments with more arrests and a significant increase in the embezzlement amount to 28 crore. The investigation continues, with authorities pursuing leads in Bihar and freezing suspicious accounts.
The Hazaribag Superintendent of Police (SP) Office treasury scam has widened, with more arrests made and the embezzlement amount increasing to Rs 28 crore. The investigation is ongoing, with teams sent to Bihar to trace the money trail and assets acquired through the scam.
The United States has extended a waiver from sanctions to allow countries to buy petroleum products from Russia by a month, days after it ruled out renewal of the special measure.
Three treasury employees in Hazaribag, Jharkhand, have been arrested for allegedly embezzling Rs 15.41 crore from government bank accounts over eight years, prompting criticism from the opposition BJP.
US Treasury Secretary Scott Bessent indicated a potential pathway to remove tariffs imposed on India for purchasing Russian oil, citing a significant decrease in such purchases. He also criticized Europe's approach and accused India of profiting from discounted Russian oil.
India's banking system is grappling with a persistent liquidity surplus exceeding Rs 5 trillion, driven by significant government spending and bond redemptions, leading market participants to anticipate the Reserve Bank of India will step up Variable Rate Reserve Repo operations to manage the excess funds.
A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.
ICICI Bank reported a 9.28 per cent increase in its consolidated net profit to Rs 14,755 crore for the March quarter of FY26, primarily driven by a nearly 90 per cent reduction in provisioning. The bank's executive director, Sandeep Batra, noted strong asset growth but expressed caution regarding the geopolitical situation in West Asia.
Latur police destroyed illegal vehicle accessories, including modified silencers and loud horns, worth Rs 9.18 lakh as part of a crackdown on noise pollution.
US President Donald Trump has indefinitely extended the ceasefire with Iran at the request of Pakistan, aiming to allow Tehran's leadership time to form a unified proposal to end the seven-week war.
US President Donald Trump's signature will soon appear on US paper currency, coinciding with the 250th anniversary celebrations of American Independence.
India's outward foreign direct investment (FDI) saw a significant increase of 27.5 per cent, reaching $7.06 billion in March, primarily driven by a sharp rise in guarantees for overseas units, according to the Reserve Bank of India.
The Iran war has brought notice to the countries that are heavily invested in US Treasury bonds. Iran considers them US allies.
Assam Chief Minister Himanta Biswa Sarma has accused West Bengal's Mamata Banerjee government of diverting resources to 'Bangladeshi Muslim infiltrators' and warned of losing Bengal if she remains in power.
The United States has announced it will not renew sanctions exemptions for the purchase of Russian and Iranian oil, ending a 30-day waiver that allowed some countries, including India, to continue importing Russian oil despite sanctions related to the Ukraine war.
Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.
US President Donald Trump has claimed that China has committed to halting weapon supplies to Iran, following his personal diplomatic interventions with Chinese President Xi Jinping.
Bessent indicated that the U.S. is evaluating the status of Iranian oil as the current campaign progresses.
Rahul Gandhi accuses the government of using the women's reservation bill as a smokescreen to manipulate India's electoral map and diminish representation for certain states.
K V Thomas, Kerala's Special Representative in New Delhi, forecasts a third term for the CPI(M)-led LDF government, attributing the UDF's potential failure to internal conflicts and criticising the BJP for introducing 'consumerism' into Kerala politics.
After the United States and Iran agreed to a two-week ceasefire and expressed hope for lasting peace, Pakistan took much of the credit for playing mediator between the two countries. However, Jonathan Schanzer, Executive Director at the Foundation for Defence of Democracies and former US Treasury counterterrorism analyst, said Pakistan is deeply indebted to China.
The Indian rupee rebounded against the US dollar after the Reserve Bank of India (RBI) restricted banks' net open positions in dollars. This move prompted banks to sell dollars, providing temporary support for the rupee amidst ongoing geopolitical tensions and rising oil prices.
Congress leader Rahul Gandhi, who made "number 16" jibe at the treasury benches during his speech in Lok Sabha on Friday on three new bills, refused to elaborate on it in his brief interaction with reporters and said "it is a puzzle" and he "won't tell the answer just like that".
'It was diminishing even before Trump came to power.' 'The US was at the centre of the global economy. That position is going to become less and less important and less central.'
The clock on the ceasefire is running out. But everyone's already whispering about round two, possibly as soon as this weekend.
The Indian rupee weakened against the US dollar due to sustained foreign fund outflows and uncertainties in West Asia, although lower crude oil prices and a positive opening in domestic equity markets limited the losses.
In a statement issued by Iran's consulate in Mumbai, it said, "At present, Iran essentially has no floating crude or surplus available for international markets. The US Treasury Secretary's remarks appear aimed at reassuring buyers and managing market sentiment."
The Indian rupee weakened against the US dollar due to a strengthening dollar, high crude oil prices, and foreign fund outflows amid geopolitical uncertainties.
The United States has encouraged India to purchase Russian oil already at sea to mitigate supply shortages and price increases amid the West Asia conflict, according to Energy Secretary Chris Wright. This move is described as a short-term effort to stabilise the market without altering Washington's policy towards Russia.
The Indian rupee weakened to a record intra-day low against the US dollar due to a strengthening greenback, continuous foreign capital outflows, and elevated global crude oil prices amidst the West Asia conflict.
Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.
Foreign investors have withdrawn over Rs 88,000 crore from Indian equities this month, driven by geopolitical tensions, a weak rupee, and concerns about rising crude oil prices.
The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.
Kerala's Leader of Opposition, V.D. Satheesan, has criticised Chief Minister Pinarayi Vijayan and CPI(M) leaders for their language and government spending on advertising.
The United States has temporarily lifted sanctions on the sale of Iranian oil already in transit to ease soaring global crude prices, making 140 million barrels available to the market.
The leader of the opposition in the Jharkhand Assembly has urged the Governor to direct the Anti-Corruption Bureau to file a charge sheet in connection with the alleged liquor scam and requested a CBI probe.
Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra is now confronting the classic growth-inflation tradeoff, a situation exacerbated by the West Asia war, which threatens to end the 'goldilocks period' of low inflation and robust growth.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances