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.
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.
'Going forward, the encouragement would be to move to the new tax regime.'
The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
Manipur Chief Minister N Biren Singh on Tuesday condemned the drone bomb attacks on civilians as acts of terrorism and vowed a firm response.
In the Congress's Central Election Committee (CEC) held to discuss ticket allocation for the forthcoming Haryana assembly elections, Congress leader Rahul Gandhi discussed about the possibilities of contesting elections as INDIA bloc, said sources.
Pseudonymous or anonymous nature of the social media handle, analysis of the geopolitical situation and presence of VIPs onboard are some of the new criteria that agencies will keep in mind while considering the seriousness of a bomb threat made to Indian airlines.
The meeting of the Joint Committee on Waqf (Amendment) Bill took an ugly turn as the Trinamool Congress MP smashed a glass water bottle and threw it towards panel chairman Jagdambika Pal of the Bharatiya Janata Party during a heated exchange of words with BJP's Abhijit Gangopadhyay, a former Calcutta high court judge.
A group of people staged a protest on Wednesday against alleged "caste discrimination" at the Indian Institute of Management-Bengaluru (IIM-B), demanding the removal of its director. However, IIM Bangalore denied the allegations made by the protesters.
The Union Cabinet on Thursday approved conferring the status of classical language on Marathi, Pali, Prakrit, Assamese and Bengali languages.
The December meeting of the Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends next week. The outcome of the meeting will be announced on Friday by Das at 10 in the morning.
The Uttarakhand government on Sunday ordered an inquiry into the matter of underworld don Prakash Pandey alias PP being given the title of Mahant in Almora jail.
The Communist Party of India-Marxist on Wednesday announced a three-member committee headed by state secretary N Varadarajan to discuss seat-sharing with its new ally All-India Anna Dravida Munnetra Kazhagam in Taml Nadu.
An inquiry committee will be formed to probe the derailment of 25 wagons of a freight train near Vrindavan in Mathura district, a senior official said on Thursday.
Her comments come a day after External Affairs Minister S Jaishankar said in Geneva that roughly 75 percent of the "disengagement problems" with China are sorted out but the bigger issue has been the increasing militarisation of the frontier.
As per the cause list of October 21 uploaded on the apex court's website, a bench of Justices Surya Kant and Ujjal Bhuyan is slated to hear the matter.
As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.
Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons. Asthana is a former top official of the Central Bureau of Investigation (CBI). In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the "herculean task" of making ready multiple applications to regulators.
The boy, who was barely two days old when he was found abandoned in Hamirpur, has defied all odds to not only get a new lease of life, but also a new name -- Krishna -- and most recently, a temporary abode, the government-run children's home in Prayagraj.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
The Congress on Tuesday claimed the bill on holding simultaneous polls was against federalism and 'anti-constitutional', and said the voting at its introduction stage in Lok Sabha showed the Bharatiya Janata Party lacks the two-thirds majority required to pass a constitutional amendment.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
Security forces have cordoned off the area after the brutal attack by the terrorists.
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies. RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.
India batter Ishan Kishan on Wednesday returned to the Jharkhand Ranji team as its captain, following his controversial pullout last season
Over 6,900 corruption cases probed by the Central Bureau of Investigation were pending trials in different courts, 361 for more than 20 years, according to the latest annual report of the Central Vigilance Commission (CVC). Besides, as many as 658 corruption cases were pending CBI investigation, 48 for more than five years.
'Indira Gandhi was a very weak person,' Kangana claimed. 'She had many crutches around and was constantly seeking validation.'
A three-member committee met Saha to probe into the 37-year-old's allegations against the unnamed journalist.
'The message is loud and clear: "If you're not falling in line, we will open a line of understanding with the MNS, and then the Shiv Sena will be in trouble".'
BCCI unveils 10-point diktat: Domestic cricket must, restriction on personal staff, family stay on tours
India has its share of both large tech companies and large national laboratories, but why is it that these don't seem to be at the forefront of any innovation news headlines? asks Ajit Balakrishnan.
The Bharatiya Janata Party on Saturday returned to power in Delhi after more than 26 years to sweep away the Arvind Kejriwal-led Aam Aadmi Party with a two-thirds majority on the back of a hyper localised campaign and Prime Minister Narendra Modi's 'AAP-da'(disaster) blitzkrieg.
The Central Committee members on Sunday elected a 25-member Political Bureau which picked the Standing Committee members to govern the country.
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.
The communal violence in Sambhal that claimed four lives and left over 20 people injured has now sparked a debate over a purported rivalry between the Turk and Pathan communities, with political and administrative figures weighing in on the cause of the unrest.
Rahul Ramagude plays cricket from a wheelchair. Geeta Chauhan is a wheelchair racer with Olympic aspirations. Siddanth uses technology to enhance movement coordination of mentally challenged children. On the International Day of the Disabled, A Ganesh Nadar meets three youngsters making a difference.
The Budget should undertake further reductions in import tariffs and seriously consider an announcement of India's intention to join one or both of the two Asian mega-regional free trade agreements, suggests Shankar Acharya, former chief economic adviser to the Government of India.
From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.
Pakistan captain Shan Masood and head coach Jason Gillespie will no longer have a say in selection matters after the PCB selectors cut down their powers, according to a source.
