A Naxalite was killed and a C-60 commando injured in an ongoing encounter in Gadchiroli district, Maharashtra. The operation, involving multiple C-60 units and CRPF, began after intelligence about the presence of Maoists in the area.
ollowing intelligence inputs about the movement of surviving cadres of Company No. 10 and unknown Naxalite formation from Chhattisgarh, an operation was launched on the night of February 3, Gadchiroli Police said in a release.
Sustaining 8 per cent-plus growth rates is necessary if we are to reach high-income status by 2047, points out Amitabh Kant.
'From every point of view, they have faced an extremely difficult couple of years, and the setback they have suffered is irreversible.' 'This reality has begun to set in even amongst the top-level cadres. That is why, in recent times, we have witnessed a huge number of senior-level cadres emerging from the jungle and deciding to renounce violence and join the mainstream.'
Inspector general of police, Bastar Range, Sundarraj P said that bodies of seven Maoist cadres have been recovered from the encounter site so far.
The Maoists in Bastar went from one village to another with kits providing badly needed medical intervention. The medical help was one key reason why the tribals were attracted to the Maoists, points out M R Narayan Swamy.
Three members of a banned Maoist splinter group were killed in a gunfight with security forces in Jharkhand's Gumla district. The encounter took place in a forest area near Kechki village. Weapons and cartridges were recovered from the site.
Bodies of three Maoists, including a woman cadre, were recovered from the site, along with a self-loading rifle (SLR), a .303 rifle, a 12-bore gun and other Naxalite-related materials, the SP said.
As many as 14 Maoists were killed in an encounter with security personnel in Chhattisgarh's Bastar region on Friday, a senior police official said. However, ANI has put the toll at 30.
Infrastructure bonds, which were relied upon the most in 2024-25 (FY25) by commercial banks to raise funds through the domestic debt capital market amid lagging deposit growth, seem to have lost their sheen in FY26. So far in FY26, no bank has tapped the domestic debt capital market to raise funds via infra bonds, and the expectation is that the amount raised through this route will be significantly lower than that last year, unless credit demand picks up.
Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent.
Banks have been borrowing heavily from the Tri-Party Repo (TREPS) market and deploying those funds into the Standing Deposit Facility (SDF) of the Reserve Bank of India (RBI), which is offering higher interest rate than the former, leading to increased volumes in the SDF window. The weighted average TREPS rate was trading at 5.66 per cent on Monday, 9 basis points lower than the SDF rate which currently stands at 5.75 per cent.
Four Naxalites were killed in an encounter with security forces in Chhattisgarh's Bastar region. A head constable of the District Reserve Guard (DRG) was also killed in the face-off.
A commander of the banned CPI (Maoist) was killed in a gunfight with security forces in Jharkhand's Palamu district. Another red rebel, carrying a bounty of Rs 15 lakh, was injured in the encounter. Several weapons, including a self-loading rifle, were recovered during the search operation following the gunfight.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
Maoists have admitted that 28 cadres, including their top leader Basavaraju, were killed in an encounter with security forces in Chhattisgarh's Bastar region last week. The Naxals also claimed that some of their cadres had surrendered to police and provided information that led to the operation. Police have recovered a large cache of weapons, including an AK-47 looted by Basavaraju from security forces in a 2010 ambush.
The pace of loan growth among public sector banks (PSBs) has seen a surge in the financial year 2024-25, and this is an exception to the overall moderation in bank credit during FY25. PSU banks' share in incremental credit rose to 57.3 per cent in March from 51.7 per cent a year ago, according to the Reserve Bank of India's (RBI's) Monetary Policy Report (April 2025).
The gunfight broke out in the morning hours in a forest under the Kerlapal police station area where a joint team of security personnel was out on an anti-Maoist operation, an official said.
The troops of 209 Commando Battalion for Resolute Action (CoBRA) conducted the operation in which eight Naxals were killed and an AK series rifle, three INSAS rifles, a self-loading rifle (SLR), eight country-made guns and a pistol were seized, the officials said.
Forty-two more firearms and cartridges have been surrendered by the public in five districts of ethnic strife-torn Manipur, police said. The surrender comes after Governor Ajay Kumar Bhalla urged warring groups to voluntarily surrender weapons robbed from security forces and other illegally held firearms within seven days. The deadline was later extended till March 6. The surrender of firearms follows months of ethnic violence between Meiteis and Kuki-Zo groups that has resulted in the deaths of over 250 people and left thousands homeless.
The 31 ultras killed in the February 9 encounter in Bijapur in Chhattisgarh included the mastermind of the January 6 IED blast in which eight security personnel and a civilian lost their lives and several other deadly attacks, a police official said. Among the 31 ultras killed in the encounter was Hunga Karma, who was secretary of the west Bastar division of the outlawed Communist Party of India (Maoist) and carried a reward of Rs 8 lakh on his head. He was the mastermind of the January 6 attack on security personnel. Karma also masterminded the 2006 Murkinar camp attack in which 11 police personnel were killed as well as the 2007 Ranibodli camp attack in which 55 security personnel were killed. Of the 31 killed ultras, 28, including 17 men and 11 women, have been identified and they carried a cumulative reward of Rs 1.10 crore on their heads. Out of the 81 Naxalites gunned down in the state so far this year, 65 were killed in the Bastar division, which comprises Bijapur and six other districts. So far this year, 77 firearms, including two AK-47 rifles, five Self Loading Rifles (SLR) and two INSAS rifles and three.303 rifles, have been recovered following separate encounters in Bastar region, the IG informed.
Three Maoists were killed in an encounter with security personnel in Chhattisgarh's Bijapur district on Sunday. The gunfight broke out in the morning at a forest in the Indravati National Park area when a joint team of security personnel was out on an anti-Naxalite operation. The bodies of the three Naxalites were recovered along with firearms and explosives.
Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.
Following is India's schedule on Thursday, Day 1 of the Paris Paralympics: (All timings in IST):
Twelve of the 16 Naxalites killed in an encounter in Chhattisgarh's Gariaband district have been identified as dreaded ultras carrying a cumulative bounty of Rs 3.13 crore, including a central committee member of the outlawed movement, a police official said. Among them was Chalpathi alias Jairam, a member of the central committee and Odisha state committee of the Communist Party of India (Maoist), who had a collective bounty of Rs 90 lakh on his head in Chhattisgarh, Odisha and Andhra Pradesh. It was the first time someone from the central committee, the main governing body of the proscribed outfit, has been eliminated in an encounter in Chhattisgarh. The encounter, which lasted three days, involved personnel from E-30 (a Gariaband district police unit), Central Reserve Police Force (CRPF), its elite unit CoBRA (Commando Battalion for Resolute Action) and Odisha police's Special Operation Group (SOG).
Banks have issued Rs 7.78 trillion worth of CDs in the current calendar year until August 2024, compared to Rs 4.9 trillion in the same period of 2023, registering a 59 per cent growth
State Bank of India (SBI), India's largest lender, is looking to raise Rs 10,000 crore through 15-year infrastructure bonds as early as next week, said multiple sources aware of the development. Market participants expect a coupon in the range of 7.15-7.18 per cent for SBI's upcoming infrastructure bond issuance. This comes as demand for longer-tenor papers has remained strong in recent domestic capital market offerings.
In one of the deadliest blows to Naxalites in Chhattisgarh, security forces on Sunday gunned down 31 rebels, including 11 women, in a fierce encounter in the state's Bijapur district, police said.
Earlier on Monday, two women Naxalites were killed and one CoBRA jawan was injured in an encounter during the same operation, they said.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
A cache of weapons, including an AK-47 rifle, one SLR (self-loading rifle), one INSAS rifle, one LMG rifle and one .303 rifle were also recovered from the encounter spot.
Ten Naxalites were killed in an encounter with security personnel in Chhattisgarh's Sukma district on Friday, a senior police official said. The gunfight broke out in the morning in a forest within the jurisdiction of the Bhejji police station when a joint team of security personnel was out on an anti-Naxalite operation. The operation was launched based on inputs about the presence of Maoists belonging to Konta and Kistaram area committees of Naxalites on forested hills of Korajguda, Dantespuram, Nagaram and Bhandarpadar villages. Chief Minister Vishnu Deo Sai hailed security forces and said the era of peace and progress has returned to the Bastar region, which includes Sukma.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
The exchange of fire took place at around 6.45 am in the forest area of Mothe village under Karakagudem police station limits.
One of the slain Maoists was identified as DVCM Laxman Atram alias Vishal Atram, incharge of Tipagad Dalam.
Public-sector banks, including Canara Bank and Bank of India, are tapping the infrastructure bond market. Canara Bank on Tuesday raised Rs 10,000 crore at a coupon rate of 7.40 per cent through 10-year infrastructure bonds. This comes after SBI on July 10 raised Rs 10,000 crore also through infrastructure bonds with a 15-year tenor at a coupon rate of 7.36 per cent.
With this, the number of Maoists killed in the gun battle with the security personnel on Friday has risen to 31, they said, adding that a search operation is still underway in the area.
The RBI, however, kept other key rates and ratios like repo, reverse repo and cash reserve ratio unchanged.
During the fortnight ended February 13, SLR investment, which includes those in government and other approved securities, fell to Rs 6,571 crore (Rs 65.71 billion), as against Rs 25,596 crore (Rs 255.96 billion) in the previous fortnight. In contrast, credit flow during the last fortnight, for which data was released by the Reserve Bank of India on Friday, was estimated at over Rs 10,000 crore (Rs 100 billion).
State Bank of India chairman Dinesh Kumar Khara has pitched for tax relief on interest income, saying it would help banks to garner savings that could be used for funding long-term infra projects. Currently, banks are required to deduct tax when interest income from deposits held in all the bank branches put together is more than Rs 40,000 in a year. With regard to savings accounts, interest earned up to Rs 10,000 is exempt from tax.
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