The government has invited applications for the post of deputy governor of the Reserve Bank of India (RBI) from interested candidates with at least 25 years of experience and below 60 years of age as on January 15, 2025. One of the deputy governors, Michael Patra's current term will end on 15 January. The last date of submission of applications is November 30, 2024.
'I think today RBI supervision is much sharper than what it was earlier.'
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
The CPI-M leader was fluent in Hindi, Telugu, Tamil, Bangla, and also Malayalam. He was also well-versed in Hindu mythology, and often used those references in his speeches especially to attack the BJP.
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
'...spent 1/10th of his time at 24, Akbar Road...' 'He would have met thousands of party workers and ordinary Congress supporters who have love for the party.' 'Left of Centre intellectuals have shaped Rahul's values, but he lacks earthiness.'
The action came after a 'jatha' of 101 farmers, who resumed their foot march to Delhi shortly after 12 noon on Saturday from the Shambhu protest site on the Punjab-Haryana border, reached the barricades put up by the Haryana security personnel.
Will the Draft UGC Regulations 2025 undermine our universities? Unlikely, notes Professor Mohammad Sajjad, citing how AMU has utilised its exceptional autonomy.
It must be mentioned here that veteran bowler Ishant Sharma has already told DDCA that he won't play red-ball cricket anymore now that he is no longer in contention for a national comeback.
The government on Tuesday appointed three external members -- Ram Singh, Saugata Bhattacharya and Nagesh Kumar -- to the RBI's rate-setting Monetary Policy Committee for four years. The central government has reconstituted the Monetary Policy Committee (MPC) of RBI, the finance ministry said in a statement. Ram Singh is the director of the Delhi School of Economics, Saugata Bhattacharya is an economist, and Nagesh Kumar is the director and Chief Executive, Institute for Studies in Industrial Development, New Delhi.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
The Supreme Court of India has announced its intention to establish an effective mechanism to address caste-based discrimination in educational institutions throughout the country. The court directed the University Grants Commission (UGC) to draft regulations to prevent such discrimination and to provide data on institutions that have implemented equal opportunity cells as mandated by the 2012 UGC equity regulations. The court's decision stems from a public interest litigation filed in 2019 highlighting the prevalence of caste-based discrimination in higher education institutions and its tragic consequences, including the suicides of students like Rohith Vemula and Payal Tadvi.
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.
The top court asked the state government to spell out details of its actions taken against the culprits and the encroachers.
The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024).
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.
A Pakistani court has dismissed a plea to rename a chowk in Lahore after Bhagat Singh, citing a retired military officer's claim that the freedom fighter was not a revolutionary but a "criminal". The Lahore High Court upheld the decision of the local corporation, which had scrapped the plan to rename Shadman Chowk and place a statue of Singh there.
Indian Olympic Association (IOA) President PT Usha has proposed that only disciplines featuring in the Olympics, Commonwealth and Asian Games be considered for inclusion in the future National Games,
Perhaps because the Modi government had some differences of opinion with two of the economist governors (one of whom was appointed by the Manmohan Singh government), there is a view that its political leadership prefers a civil servant to head the RBI, notes A K Bhattacharya.
"The film has been made to insult the entire Sikh community. We will not let the movie release in Mohali or anywhere in Punjab. The SGPC is united in this matter," said Rajinder Singh Tohra, a member of the SGPC.
Ahead of the introduction of bills on holding simultaneous polls, the government Tuesday said the concept is not new to the country.
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.
BJP leader Sudhir Mungantiwar said the Mahayuti partners will meet Governor C P Radhakrishnan to stake a claim to form a government in the state.
After spending nearly 50 years in a colonial bungalow at 24, Akbar Road, the Congress moved into a new office on January 15. Rasheed Kidwai, who knows the history of the Congress better than the Congress, looks back at the people who breathed life into this address.
Two bills that lay down the mechanism to hold simultaneous elections were introduced in the Lok Sabha after a fiery debate on Tuesday, with the opposition terming the move 'dictatorial' and Law Minister Arjun Ram Meghwal asserting that the legislation would not tamper with the powers enjoyed by states.
'The pollution has increased. We are facing breathing problems and irritation in the eyes'
'Going forward, the encouragement would be to move to the new tax regime.'
Opposition MPs in the parliamentary committee scrutinising the Waqf (Amendment) Bill are scheduled to meet Lok Sabha Speaker Om Birla on Tuesday to protest its chairperson Jagdambika Pal's alleged 'unilateral' decisions and attempts to 'bulldoze' proceedings, indicating that they may disassociate themselves from the panel.
Students at Udai Pratap College in Varanasi, India, protested demanding the removal of a mosque located on the campus. The protest came after tensions arose when a section of students recited Hanuman Chalisa near the mosque while prayers were being offered. The college administration has denied claims by the Uttar Pradesh Sunni Central Waqf Board that the mosque and surrounding land are Waqf property, stating that the mosque was built illegally. The college administration has also accused the mosque of stealing electricity.
Earlier, AAP leader and Rajya Sabha MP Sanjay Singh welcomed reports claiming Congress leader Rahul Gandhi has shown interest in the possibility of an alliance with Arvind Kejriwal-led party in poll-bound Haryana.
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
The Indian government is planning to repeal a 65-year-old law that disqualifies MPs for holding office of profit and introduce a new one aligned with current needs. The draft bill proposes to simplify the existing law, remove the negative list of offices that cause disqualification, and address conflicts with other statutes. It also seeks to empower the central government to amend the schedule of offices by issuing a notification, replacing the existing provision for temporary suspension of disqualification.
Manipur Chief Minister N Biren Singh has asked the army to take steps to trace a 56-year-old man who has been missing since November 25 from Kangpokpi district. Laishram Kamalbabu Singh went missing from the 57th Mountain Division campus of the army, and an FIR has been lodged with the Sekmai Police Station over his disappearance. The chief minister asked the authorities at the Leimakhong army camp to take responsibility for finding out the man. Singh also alleged a lack of transparency and sincerity among a section of security personnel in Manipur.
'Justice may or may not happen, but who are those people who did this to her?' 'If the hospital authorities had helped us that day, or the police, then the real culprits would have been caught.' 'Getting justice for my daughter is my goal now and I want the CM to remember that.'
The biographical drama is caught up in controversy after some Sikh organisations including the Shiromani Akali Dal objected, accusing it of misrepresenting the community and getting historical facts wrong.
A CBI court in Kerala sentenced 10 individuals to life imprisonment for the murder of two Youth Congress workers in 2019. Four others, including a former CPI(M) MLA, received five years in prison. The court found the accused guilty of murder and criminal conspiracy, citing political rivalry as the motive. The case involved the deaths of Kripesh and Sarath Lal P K, who were allegedly killed by CPI(M) workers in Kasaragod district. The verdict sparked reactions from both the Congress and CPI(M), with the Congress calling it a blow to the CPI(M)'s violent political culture and the CPI(M) challenging the verdict and claiming political motives in the CBI investigation.
Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025. "As we strive to preserve financial stability to support a higher growth path for the Indian economy, our focus remains steadfast on maintaining stability of financial institutions and, more broadly, systemic stability," Malhotra said in foreword to the Financial Stability Report.
The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.
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