The Reserve Bank of India (RBI) announced that it processed 99.7 per cent of applications within the prescribed timeline under its Citizen's Charter in April 2026. The central bank handled a total of 21,150 applications, showcasing its commitment to efficient service delivery.
Prime Minister Narendra Modi addressed BJP workers after the party's performance in assembly elections, urging an end to political violence in West Bengal and a focus on the state's future.
India's forex reserves dropped by $1.24 billion to $691.49 billion for the week ended May 30, the RBI said on Friday. The overall reserves had jumped by $6.99 billion to $692.72 billion in the previous reporting week.
'You set up your SIPs and you do not touch them. Not during COVID, not during a war scare, not when your neighbour tells you the market is finished. You let the noise pass over you.' 'The beauty of this approach is that it does not require courage or conviction in the moment. It just requires inertia -- keep the SIP running and do not look at your portfolio too often.'
India's new manufacturing project announcements more than halved in the fourth quarter of FY26, falling 60 per cent sequentially and 78 per cent year-on-year to approximately 1.7 trillion, driven by global uncertainties, geopolitical conflicts in West Asia, and existing unutilised manufacturing capacity.
Prime Minister Narendra Modi appealed to Lok Sabha members to vote for the women's reservation bill, emphasising the need to empower women and rectify decades of political inaction.
The Supreme Court granted interim bail to two Delhi riots accused, while addressing concerns about conflicting views on bail under the Unlawful Activities Prevention Act (UAPA). The court referred the question of law on whether prolonged incarceration can override UAPA restrictions to a larger bench.
RBI Governor Sanjay Malhotra stated that the central bank is closely monitoring whether the supply shock from the West Asia conflict will lead to a generalised price rise, potentially necessitating monetary policy action.
The Supreme Court has called for an expedited trial in the 2023 Manipur ethnic violence case and requested a status report from authorities, highlighting the need for confidence-building measures for victims.
The incident took place during a routine jungle safari inside the UNESCO World Heritage site in Assam.
'The Supreme Court stated that once the delimitation plan is approved by Parliament and receives assent of the President, it cannot be undone. Nor can it be modified.'
A bill to implement 33 per cent reservation for women in Lok Sabha and state assemblies by increasing the lower house's strength to 850 is slated for introduction in Parliament. The bill seeks to amend Article 81 of the Constitution and utilise 2011 Census data for redrawing constituencies.
Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.
India's forex reserves dropped by $9.32 billion to $688.87 billion for the week ended August 1 in one of the highest declines in the recent past, the RBI data showed on Friday. The overall reserves rose by $2.7 billion to $698.19 billion in the previous reporting week.
The measures announced by it risk backfiring, disrupting the foreign exchange market, and intensifying the very pressures they seek to contain, with broader consequences for the economy points out Rajeswari Sengupta.
The BJP-led government in Bihar secured a vote of confidence in the state assembly, with Chief Minister Samrat Choudhary pledging economic development and significant investments. The motion was passed amidst heated debates and accusations between the ruling NDA and the opposition, highlighting political tensions and differing views on issues like women's reservation.
India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.
Priyanka Gandhi Vadra criticised the government's handling of the women's quota bill, accusing them of political maneuvering and neglecting the rights of OBCs.
Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
A parliamentary panel has decided to review the implementation of reforms in the National Testing Agency (NTA) as well as the NEET-UG 2026 paper leak case and has summoned NTA Chairperson Pradeep Kumar Joshi and other bureaucrats for deliberations.
The Supreme Court has agreed to hear a plea on May 29 seeking a direction to the Nagpur Parsi Panchayat to treat a Parsi woman equally with her male counterparts, even after she marries a person of another faith, challenging a rule that allegedly strips Parsi women of their religious identity upon inter-faith marriage.
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.
NDA leaders have defended proposed amendments to the Women's Reservation Act and the Delimitation Bill, 2026, arguing women have waited long enough for reservation, while opposition parties allege the process could undermine India's federal and democratic structure, particularly impacting southern states.
UPI transactions reached 22.35 billion in April, marking a 25 per cent increase compared to April 2025. UPI now accounts for 85 per cent of all digital transactions in India and is live in eight countries.
The Supreme Court of India has affirmed that the right to live with dignity includes the right to live without the threat of harm from stray dogs, dismissing petitions seeking to overturn earlier directives on relocation and sterilisation.
The Supreme Court has reaffirmed that bail is the general rule, even in cases registered under the Unlawful Activities (Prevention) Act (UAPA), while granting bail to an accused in a narco-terror case.
Senior Congress leader Shashi Tharoor criticised the government's decision to link women's reservation with the expansion of Parliament, calling delimitation a 'political demonetisation'. He argued that women's reservation should be implemented immediately based on existing parliamentary strength.
Prime Minister Narendra Modi has begun a six-day tour of the UAE, the Netherlands, Sweden, Norway and Italy to strengthen bilateral relations amid geopolitical challenges. The trip will focus on energy security, trade, and technological cooperation.
Reliance Industries Ltd reported a 12.5 per cent fall in its March quarter net profit, primarily impacted by the global energy crisis affecting its oil and chemicals business, while its consumer-facing Jio Platforms unit saw a 13 per cent increase in profit after tax.
Prime Minister Narendra Modi has accused opposition parties of obstructing the passage of the women's reservation bill in Parliament, alleging they have crushed the dreams of women and prioritised selfish politics over national progress.
Opposition members in the Lok Sabha have questioned the government's decision to move a bill to amend the 2023 women's quota law before bringing the principal Act into force.
The Indian rupee rebounded 50 paise from its all-time closing low to settle at 96.36 against the US dollar, driven by retreating crude oil prices, signs of easing geopolitical friction, and likely central bank intervention.
'You cannot run Parliament with 800 MPs as nobody will get time (to speak in Parliament). And Parliament sits for barely 60 days in a year.' 'Look at the House of Commons of the United Kingdom. They have 650 MPs and they sit for 150 days on an average in a year.'
Petrol and diesel prices in India have been increased for the second time in a week, following a long freeze on revisions. The increase comes as global crude prices surge and state-run oil firms look to recoup losses.
Officials say the move represents the species' return after nearly a century, filling a long-standing ecological void. The animals, transported under strict veterinary supervision in specially designed crates, will initially be kept in soft-release enclosures to help them adapt before being fully released into the wild.
'At the first sign of real trouble, that money will move. There will be a run.'
We cannot simply have a 60-65 per cent import dependency in LPG, the bulk of which comes from just one volatile region -- West Asia, points out R Jagannathan.
The Congress party has accused the government of using women's reservation as a pretext to push through delimitation, arguing that the women's quota law should be implemented immediately based on the current Lok Sabha strength.
West Bengal Chief Minister Mamata Banerjee has accused the BJP-led central government of using the proposed amendment to the women's quota law as a front for the Delimitation Bill, which she claims will divide the country. She asserted that her party, the TMC, will fight this move at every step.
The pleas challenging SIR claimed that the Election Commission does not have powers under Article 326 of the Constitution, the Representation of the People Act, 1950 and the Rules made under it to carry out SIR in a larger form.
