News for 'Central Bank'

Will Gold's Bull Run Continue in 2026?

Will Gold's Bull Run Continue in 2026?

Rediff.com31 Dec 2025

'We expect modest returns in 2026 versus the steep gains seen over the past few years.'

UK Court Upholds Nirav Modi Extradition Order After Reviewing Indian Assurances

UK Court Upholds Nirav Modi Extradition Order After Reviewing Indian Assurances

Rediff.com26 Mar 2026

The UK High Court has rejected Nirav Modi's attempt to reopen his extradition case, citing the Indian government's comprehensive assurances against torture as sufficient to allow his transfer to India.

Bengaluru EV Dealers Arrested for Subsidy Scam

Bengaluru EV Dealers Arrested for Subsidy Scam

Rediff.com14 Mar 2026

Two men in Bengaluru have been arrested for allegedly defrauding people by offering electric vehicles at subsidised rates under a fake central government scheme.

Banerjee Promises to Drive BJP Out of Bengal, Then Delhi

Banerjee Promises to Drive BJP Out of Bengal, Then Delhi

Rediff.com2 Apr 2026

West Bengal Chief Minister Mamata Banerjee has vowed to remove the BJP from power in West Bengal and then at the national level, accusing the Election Commission of favouring the BJP and criticising the opposition parties.

Assam Delimitation Tilts Electoral Balance

Assam Delimitation Tilts Electoral Balance

Rediff.com9 Apr 2026

While the total number of assembly seats remains unchanged at 126, the redrawing of boundaries has reshaped voter composition across constituencies -- a shift that is likely to influence electoral outcomes in the years ahead.

Why central banks target x% inflation and not 0%

Why central banks target x% inflation and not 0%

Rediff.com21 Apr 2010

The first reason is that prices are bound to rise because there will always be several demand-supply mismatches in the economy.

Banerjee Hits Back at Modi's Claims on Bengal's Fish Production

Banerjee Hits Back at Modi's Claims on Bengal's Fish Production

Rediff.com9 Apr 2026

West Bengal Chief Minister Mamata Banerjee has refuted Prime Minister Narendra Modi's claims about the state's fish production, accusing him of misrepresenting facts and alleging restrictions on non-vegetarian food consumption in BJP-ruled states.

RBI's short dollar forward position up after 7 months

RBI's short dollar forward position up after 7 months

Rediff.com4 Nov 2025

The Reserve Bank of India's (RBI's) short dollar forward positions rose by $6 billion in September - the first increase in seven months - indicating the central bank's readiness to defend the rupee in the forward market amid pressure on the currency, latest data showed. The net short dollar position stood at $59.4 billion at the end of September, up from $53.4 billion in August.

RBI clears Paytm arm PPSL as payment aggregator

RBI clears Paytm arm PPSL as payment aggregator

Rediff.com18 Dec 2025

Fintech firm One97 Communications on Thursday said its subsidiary Paytm Payments Services Limited (PPSL), has received authorisation from the Reserve Bank of India to operate as a Payment Aggregator for physical (offline) payments and cross-border transactions.

Kerala Elections 2026: Can An 80-Year-Old Marxist Score A Hat-Trick?

Kerala Elections 2026: Can An 80-Year-Old Marxist Score A Hat-Trick?

Rediff.com7 Apr 2026

Kerala's 2026 assembly election will see a three-cornered contest where religion and communalism have emerged as central themes for the first time, challenging the state's long-celebrated secular fabric.

Shah Targets TMC, Cites Infiltration and Appeasement Politics in West Bengal

Shah Targets TMC, Cites Infiltration and Appeasement Politics in West Bengal

Rediff.com28 Mar 2026

Union Home Minister Amit Shah has criticised the TMC government in West Bengal, alleging that its policies have led to increased infiltration and threaten national security. He framed the upcoming elections as a battle against these issues, promising change if the BJP comes to power.

Pilot Claims Vijayan and Modi Follow Similar Political Approaches

Pilot Claims Vijayan and Modi Follow Similar Political Approaches

Rediff.com26 Mar 2026

AICC general secretary Sachin Pilot has accused Kerala Chief Minister Pinarayi Vijayan of following similar political approaches to Prime Minister Narendra Modi, alleging a tacit understanding between the CPI(M) and the BJP in Kerala.

BJP Leader Giriraj Singh Slams Mamata Banerjee's 'Muslim Appeasement' Politics in West Bengal

BJP Leader Giriraj Singh Slams Mamata Banerjee's 'Muslim Appeasement' Politics in West Bengal

Rediff.com6 Mar 2026

Union Minister Giriraj Singh has accused West Bengal Chief Minister Mamata Banerjee of appeasing Muslims and protecting infiltrators, while the BJP promises to bring 'Ram Rajya' to the state if elected.

'Confident of good trade deal with US'

'Confident of good trade deal with US'

Rediff.com21 Nov 2025

Officials from both India and the US in the recent past have indicated that a "fair deal" will be concluded soon, with Indian officials holding that more formal rounds of talks are not needed.

How Dalal Street may gain from European Central Bank stimulus

How Dalal Street may gain from European Central Bank stimulus

Rediff.com23 Jan 2015

With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.

Trinamool Congress Alleges BJP Will Raise Fuel Prices After West Bengal Elections

Trinamool Congress Alleges BJP Will Raise Fuel Prices After West Bengal Elections

Rediff.com27 Mar 2026

Senior Trinamool Congress leader Abhishek Banerjee has accused the BJP-led central government of planning to increase fuel prices after the West Bengal assembly elections. He challenged the BJP to promise no price hikes for LPG, petrol, and diesel over the next five years.

States Have Thrown A Spanner In RBI's Easy-Money Machine

States Have Thrown A Spanner In RBI's Easy-Money Machine

Rediff.com7 Jan 2026

State debt is rising because revenues are disappointingly weak. Ten states have debt ratios exceeding 30 per cent. In 2023-2024, states were borrowing simply to meet day-to-day expenses, points out Debashis Basu.

Gold may rise towards $4,500 an ounce as Asia drives demand

Gold may rise towards $4,500 an ounce as Asia drives demand

Rediff.com17 Oct 2025

Gold's glittering rally is expected to continue, with prices likely to climb towards $4,500 per ounce in overseas markets, supported by sustained global central bank purchases, persistent geopolitical tensions, and strong Asian demand, according to a report by Motilal Oswal Financial Services Ltd. Silver, which has outperformed gold in terms of returns so far this year, is projected to climb to around $75 per ounce, aided by robust industrial consumption and a widening supply deficit, the report said.

Missed Investing In Gold? Read This

Missed Investing In Gold? Read This

Rediff.com24 Oct 2025

New investors should not allow themselves to fall prey to FOMO and rush headlong into gold.

Will Gold Price Cross 2 Lakhs In 2026?

Will Gold Price Cross 2 Lakhs In 2026?

Rediff.com23 Jan 2026

'A breakout above 158,000 to 160,000 could trigger the next leg higher toward 165,000 to 170,000.'

Budget 2026: Prez Murmu offers 'Dahi-Cheeni' to Sitharaman

Budget 2026: Prez Murmu offers 'Dahi-Cheeni' to Sitharaman

Rediff.com1 Feb 2026

Sitharaman continues with the tradition she set in 2019, carrying the budget speech in a 'bahi-khata', which she used after dropping the briefcase tradition.

15,000 Crore Restored to Investors in PACL Ponzi Scheme

15,000 Crore Restored to Investors in PACL Ponzi Scheme

Rediff.com30 Mar 2026

The Enforcement Directorate has restored assets worth over 15,000 crore to a Supreme Court-appointed committee for distribution to investors defrauded in the PACL (Pearls Group) Ponzi scheme.

Iran launches 80 strikes as Israel hits missile sites

Iran launches 80 strikes as Israel hits missile sites

Rediff.com25 Mar 2026

The IRGC said the strikes were conducted in support of offensives by Hezbollah and residents of southern Lebanon, and described them as the beginning of a series of pre-announced operations against Israel.

Abhishek Banerjee Warns of Potential Fuel Price Surge After West Bengal Polls

Abhishek Banerjee Warns of Potential Fuel Price Surge After West Bengal Polls

Rediff.com27 Mar 2026

Trinamool Congress leader Abhishek Banerjee alleges the BJP-led government may increase fuel prices after the West Bengal assembly elections, accusing them of neglecting the common man and withholding funds from the state.

Woman Claims Illegal Transactions in Her Name

Woman Claims Illegal Transactions in Her Name

Rediff.com27 Feb 2026

A woman in Dombivali, Thane district, claims unauthorized transactions of 2.6 crore occurred in bank accounts opened in her name, potentially linked to a scam originating in Uttarakhand.

India now Maoist-free, declares Amit Shah in Lok Sabha; slams Rahul Gandhi

India now Maoist-free, declares Amit Shah in Lok Sabha; slams Rahul Gandhi

Rediff.com31 Mar 2026

Union Home Minister Amit Shah criticised the Congress party for its alleged inaction in addressing Maoist violence during its long rule, while highlighting the Modi government's success in nearly eradicating Maoists from Bastar, Chhattisgarh.

Modi Accuses TMC of Appeasement Politics, Banerjee Alleges BJP's Delimitation Plot

Modi Accuses TMC of Appeasement Politics, Banerjee Alleges BJP's Delimitation Plot

Rediff.com12 Apr 2026

Prime Minister Narendra Modi and West Bengal Chief Minister Mamata Banerjee engaged in a war of words during election rallies, with Modi accusing the TMC of supporting divisive forces and Banerjee alleging the BJP plans to divide the state.

Adityanath Slams TMC's Appeasement Policies, Urges Support for BJP in West Bengal

Adityanath Slams TMC's Appeasement Policies, Urges Support for BJP in West Bengal

Rediff.com12 Apr 2026

Uttar Pradesh Chief Minister Yogi Adityanath has accused the TMC of pursuing appeasement policies in West Bengal, urging voters to support a BJP government for inclusive governance and development.

Kerala heads to key polls: 2.71 cr voters to decide LDF-UDF-NDA contest

Kerala heads to key polls: 2.71 cr voters to decide LDF-UDF-NDA contest

Rediff.com9 Apr 2026

Kerala is set to hold its Assembly election, with the ruling LDF aiming for a historic third term, the UDF seeking a comeback, and the NDA striving to gain a foothold in the state's political landscape.

Inflation may stay benign: RBI deputy guv

Inflation may stay benign: RBI deputy guv

Rediff.com25 Feb 2026

India's retail inflation, which has stayed below the Reserve Bank of India's (RBI's) 4 per cent target in recent times, is likely to remain benign in the coming months, RBI Deputy Governor Poonam Gupta said in a speech, on Friday, which was uploaded on the central bank's website on Tuesday. Headline inflation dipped to multi-year lows of around 1.5-2.8 per cent in late 2025.

Delhi Police Nab Two in Online Investment Fraud Case Involving 21 Lakh

Delhi Police Nab Two in Online Investment Fraud Case Involving 21 Lakh

Rediff.com23 Mar 2026

Delhi Police have arrested two individuals from Rajasthan for allegedly defrauding a Delhi resident of over 21 lakh through a high-return online investment scam. The accused lured the victim with promises of lucrative returns and prepaid tasks.

RBI's policy dilemma: To look at inflation or growth for rate action

RBI's policy dilemma: To look at inflation or growth for rate action

Rediff.com26 Nov 2025

The consumer price index (CPI)-based inflation hitting an all-time low in October would encourage the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) to cut the policy repo rate in its upcoming December 3-5 meeting. However, the July-September GDP growth, expected to be above 7 per cent, may act as a deterrent.

Restrictions, penalties are last resort: RBI governor Sanjay Malhotra

Restrictions, penalties are last resort: RBI governor Sanjay Malhotra

Rediff.com10 Jan 2026

The relation between a regulator and its regulated entities is collaborative and not adversarial with the common objective of maintaining the stability and credibility of the financial system. However, the action on regulated entities like penalties and business restrictions are the last resort, Reserve Bank of India (RBI)'s governor Sanjay Malhotra said on Friday.

Rupee recovers 55 paise from all-time low to close at 90.38/USD

Rupee recovers 55 paise from all-time low to close at 90.38/USD

Rediff.com17 Dec 2025

The rupee recovered 55 paise from its all-time low level to close at 90.38 against the US dollar after a volatile trade on Wednesday, amid suspected aggressive central bank intervention.

Rupee sees worst single-day fall in 2 months on importer dollar demand

Rupee sees worst single-day fall in 2 months on importer dollar demand

Rediff.com17 Jan 2026

The rupee witnessed its worst single-day decline in around two months since November 21, 2025, due to demand for dollars among importers, said dealers. The maturing short positions in the non-deliverable forwards market further weighed on the local currency.

Sensex down 78 points on weak global trends

Sensex down 78 points on weak global trends

Rediff.com18 Dec 2025

Among Sensex firms, Sun Pharma, Tata Steel, Power Grid, Asian Paints, NTPC and Bharti Airtel were the biggest laggards. Tata Consultancy Services, Tech Mahindra, Infosys, Adani Ports, Axis Bank and HCL Tech were among the gainers.

Agencies bust 8,000 mule accounts in J-K; warn of terror funding risk

Agencies bust 8,000 mule accounts in J-K; warn of terror funding risk

Rediff.com15 Feb 2026

Security agencies have uncovered a vast network of 'mule accounts' in Jammu and Kashmir used to launder money for global scams, raising concerns about potential links to separatist activities.

West Bengal Polls: Mamata Banerjee Can't Underestimate BJP

West Bengal Polls: Mamata Banerjee Can't Underestimate BJP

Rediff.com18 Apr 2026

This election is different. It is no longer simply about governance or welfare. It is about identity, fear, and who belongs. The BJP has successfully shifted the terms of the debate from what the government has delivered to who the real Bengali is and who is an outsider, points out Ramesh Menon.

Punjab Governor Highlights Aadhaar's Role in Governance and Welfare

Punjab Governor Highlights Aadhaar's Role in Governance and Welfare

Rediff.com24 Mar 2026

Punjab Governor Gulab Chand Kataria emphasised the importance of Aadhaar in promoting good governance, transparency, and ease of living, highlighting its role in ensuring welfare benefits reach the intended recipients and strengthening the rural economy through Direct Benefit Transfer.

NPCI sets up unit to scale up digital infra beyond payments

NPCI sets up unit to scale up digital infra beyond payments

Rediff.com5 Jan 2026

Moving beyond digital payments, the National Payments Corporation of India (NPCI), the operator of Unified Payments Interface, is planning to add more muscle to the country's digital infrastructure by setting up a fourth subsidiary, NPCI Tech Solutions Ltd (NTSL).