Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
The Congress and BJP are engaged in a political spat over the implementation of the Women's Reservation Bill and its proposed link to delimitation, with Rahul Gandhi urging unconditional implementation of the 2023 law and Kiren Rijiju highlighting the constitutional requirement for delimitation based on post-2026 census figures.
Do not share OTPs, PINs, authentication codes, card numbers, card verification values (CVVs), KYC details, security answers, Internet-banking passwords or Aadhaar-based authentication credentials through SMS, e-mail or phone calls.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
India's foreign exchange reserves saw a significant drop of USD 7.511 billion, settling at USD 681.384 billion for the week ending May 22, as the Reserve Bank of India intervened in the forex market due to rupee pressure and the lingering effects of the Middle East conflict.
India has removed a key regulatory hurdle, allowing exporters to receive payments in Indian currency while retaining incentives under the country's foreign trade policy, a move aimed at promoting wider use of the rupee in international trade.
Union Home Minister Amit Shah lauded UPI on its 10th anniversary, highlighting its role in India's digital transformation. Launched by NPCI in 2016, UPI has become the world's largest real-time payment system, witnessing a massive surge in transaction volume and value, demonstrating its success in empowering people with swift, seamless, and secure digital transactions.
'The ethanol blended with petrol programme should not be halted or reconsidered.' 'India is not experiencing a structural sugar shortage, and the ethanol blending roadmap does not compete with food security or drive domestic price increases.'
A tiger strayed into a residential area near the Bandhavgarh Tiger Reserve in Madhya Pradesh, killing a woman and injuring four others. The incident sparked protests by villagers who accused forest officials of negligence.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
Tilak Varma is emerging as India's potential middle-order backup, offering left-handed batting variety and developing off-spin as selectors seek younger, flexible options ahead of the ODI World Cup.
Union Minister Ramdas Athawale has indicated a potential Union cabinet reshuffle soon and extended an invitation to eight NCP (SP) MPs to join the NDA, even if Sharad Pawar declines. He urged the opposition faction to set aside ideological differences for development. However, NCP (SP) spokesperson Clyde Crasto dismissed Athawale's offer, calling him a "floater." Athawale also addressed the issue of reservation, stating it's a constitutional right.
Indian benchmark equity indices, Sensex and Nifty, closed lower for multiple consecutive days, with the Nifty extending its losses to a seventh day, primarily due to elevated crude oil prices following the expiry of the US-Iran ceasefire without a diplomatic resolution.
Ibrahim Mbaye, the 18-year-old Senegal forward, has completed a permanent transfer from Paris St Germain to Premier League club Aston Villa.
Lack of women in Karnataka's new council of ministers has put the spotlight once again on women's under-representation in politics and policy.
India's foreign exchange reserves saw a significant drop of USD 8.094 billion, settling at USD 688.894 billion for the week ending May 15, as the Reserve Bank of India intervened in the forex market and global events like the Middle East conflict impacted the rupee.
Prime Minister Narendra Modi celebrated the Unified Payments Interface (UPI) completing a decade, calling it a major turning point in India's digital payment journey. Launched in 2016, UPI has become the backbone of India's digital payments ecosystem, showing exponential growth in transaction volume and value, and is a key pillar of the Digital Public Infrastructure.
The Shiromani Akali Dal (SAD) has called for the immediate passage of the women's reservation bill and the delimitation bill, advocating for a uniform 50 per cent increase in seats for all states to ensure fair and equitable representation.
Novak Djokovic, hampered by illness and injuries, suffered a shocking first-round exit at the U.S. Open, losing to unseeded Argentine Mariano Navone in a gruelling five-set match, marking his earliest Grand Slam departure since 2006.
Actor-turned-politician Kangana Ranaut has publicly endorsed Isha Koppikar's 'andhbhakt' declaration, asserting that such devotion is rooted in love for the country.
India's retail inflation, measured by the Consumer Price Index (CPI), rose to 4.45 per cent in July, up from 4.38 per cent in June, primarily due to higher food prices, particularly onions and ginger. This marks the second consecutive month the inflation rate has remained above the Reserve Bank's median target.
India has over 22,000 wild elephants. May their tribe increase.
A court in Thane district has reserved its order until May 21 in a 2008 case involving the alleged assault on Railway Recruitment Board examinees at Kalyan station by Maharashtra Navnirman Sena activists. MNS chief Raj Thackeray is among the accused.
Indian Grandmaster R Praggnanandhaa has secured his spot in the finals of the Grand Chess Tour's last leg, defeating Germany's Vincent Keymer 19-9. He is set to compete against defending champion Fabiano Caruana of the USA for the title.
Major bills, including those on women's reservation, delimitation, and the Foreign Contribution (Regulation) Act (FCRA), face an uncertain future in the ongoing Monsoon session of Parliament due to persistent opposition protests and a lack of consensus.
A tiger strayed into a residential area near Bandhavgarh Tiger Reserve in Madhya Pradesh, resulting in one death and four injuries. The incident sparked protests and accusations of negligence against forest officials.
'A balance had to be struck between the economic cost of taking action at this point against the need not to fall behind the curve in controlling inflation and anchoring inflation expectations.'
The Central Reserve Police Force (CRPF) has formed a 10-member 'core group' to prevent 'self-harm' incidents among its personnel, following a record 59 suicides in 2025, the highest in five years. The group, headed by the CRPF Director General, will meet monthly to review incidents and suggest preventive measures.
A Delhi court has dismissed the Delhi Race Club's plea for an interim stay on an eviction order issued by the central government, ruling that the club failed to establish a prima facie case in its favour and did not renew its lease after 1994.
BJP President Nitin Nabin has summoned three Delhi MPs, Kamaljeet Sehrawat, Ramvir Singh Bidhuri, and Yogender Chandolia, expressing strong displeasure over their controversial visit to the residence of former Congress MP Sajjan Kumar, who was convicted in the 1984 anti-Sikh riots case. This action comes amidst strong condemnation from other BJP leaders and highlights the ongoing political sensitivity surrounding the 1984 anti-Sikh riots.
Actor and BJP MP Kangana Ranaut has criticised Congress MP Rahul Gandhi's "smash the patriarchy" remark and his defence of actor Kriti Sanon's outfit in a Raksha Bandhan advertisement, sparking a wider debate on women's choices and cultural attire.
Credit card spending in India has consistently topped Rs 2 trillion for three consecutive months, with July 2026 recording Rs 2.08 trillion, indicating a new normal for consumer expenditure, according to the latest RBI data.
A leopard was found dead in the Kathagochi Reserve Forest in Odisha's Balasore district, prompting an investigation by forest officials and veterinary doctors.
Mahindra Racing CEO Frederic Bertrand has stated that while Indian reserve driver Kush Maini has the potential to become a Formula E driver, the team will not compromise its competitive ambitions for nationality.
Ibrahim Zadran has been appointed captain of Afghanistan's T20I squad for the upcoming three-match series against India, which will be played in New Delhi. The squad sees the return of fast bowler Naveen-ul-Haq and all-rounder Gulbadin Naib, featuring a blend of experienced players like Rashid Khan and Mohammad Nabi, alongside uncapped wicketkeeper-batter Noor Rahman.
HDFC Bank's share in active mutual fund schemes has fallen to multi-year lows, despite overall MF ownership in the bank rising, as the stock faces weak performance, soft margins, and governance concerns.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
Fifteen-year-old Delhi chess prodigy Vandan Alankar Sawai stuns World No. 1 Magnus Carlsen in an online blitz tournament.
The US State Department has paused visa appointments worldwide to conduct a 'global training initiative' for consular officers, aiming to ensure applicants are not likely to become a 'public charge' and are comprehensively evaluated, intensifying President Donald Trump's immigration crackdown.
