'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
The repo rate cut by 25 basis points by the monetary policy committee (MPC) of RBI announced Friday will give a long-awaited relief on interest rates and also be supportive of economic growth, according to experts. Repo rate is the interest rate at which the RBI lends money to commercial banks.
A three-judge Supreme Court bench will hear petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025, on April 16. The petitions, including those by politicians and the All India Muslim Personal Law Board (AIMPLB) and Jamiat Ulama-i-Hind, were filed in the top court challenging the validity of the newly-enacted law. The Centre has filed a caveat in the apex court, seeking a hearing before any order is passed.
Communist Party of India-Marxist Central Committee's endorsement of the expulsion of three personal staff of former Chief Minister V S Achuthanandan is being seen as a setback to the veteran leader locked in a bitter feud with the dominant faction led by state Secretary Pinarayi Vijayan
Congress MP Mohammad Jawed and AIMIM president Asaduddin Owaisi have challenged the validity of the Waqf (Amendment) Bill, 2025 in the Supreme Court, arguing that it violates constitutional provisions. The petitions claim the bill imposes arbitrary restrictions on Waqf properties and their management, undermining the religious autonomy of the Muslim community. They also allege that the bill discriminates against Muslims by imposing restrictions not present in the governance of other religious endowments. The bill was passed in the Rajya Sabha and Lok Sabha, with the petitioners arguing that it introduces limitations on the creation of Waqfs based on the duration of one's religious practice, mandates inclusion of non-Muslim members in Waqf administrative bodies, and shifts key administrative functions to government officials, thereby diluting the autonomy of Waqf management.
In December 2020, the Madan Lal-led Cricket Advisory committee had named Chetan Sharma, Abey Kuruvilla and Debashish Mohanty as the new members of senior selection committee.
The Indian government has increased the salaries of Members of Parliament (MPs) by 24 percent, effective April 1, 2023. This increase was based on the Cost Inflation Index and brings their monthly salary to Rs 1.24 lakh. The notification also included increases in daily allowances for sitting members, pension, and additional pension for former MPs. While some MPs welcomed the increase, others expressed dissatisfaction and instead advocated for a rise in the MP Local Area Development Fund (MPLADS). The increase has been implemented based on the Salary, Allowances and Pension of Members of Parliament Act and the Cost Inflation Index specified in the Income Tax Act of 1961.
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.
'Mamata needs to address the anger and resentment among various sections of the Hindu community because low-scale communal violence has always paid richer electoral dividends for the BJP.'
The Coordinating Committee on Manipur Integrity (COCOMI) has condemned the imposition of President's rule in Manipur, calling it "undemocratic" and "most unfortunate." The Meitei body alleges the President's rule is a ploy to push the state into further turmoil and that the central government is using it as a means to shift the blame onto the BJP's alleged incompetency rather than addressing the real issues at hand. COCOMI also criticized the BJP legislators for failing to choose a new leader and demanded an immediate and time-bound process to elect a new leader and restore a government at the earliest.
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any 'specific level or band' of the rupee, which slipped to an all-time low of 87.59 to a US dollar. On Thursday, the rupee plunged 16 paise to close at a record low of 87.59 against the American currency. "I would like to mention here that the Reserve Bank's exchange rate policy has remained consistent over the years.
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
'The government does not want to be transparent or accountable. Therefore, they do not want to appoint information commissioners.'
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.
Congress leader Shashi Tharoor has conceded that he was wrong in opposing India's stance on the Russia-Ukraine war, stating that the country's current position allows it to play a significant role in achieving lasting peace. Tharoor, who had initially criticized India's neutrality, now acknowledges that the policy has positioned India as a mediator, capable of engaging with both Russia and Ukraine.
The Superintendent of Police in Manipur's Kangpokpi district was injured after a mob attacked his office on Friday evening over the officer's alleged failure to remove central force from Saibol village bordering Imphal East district. Kuki organisations have been protesting against the alleged baton charge on women by security forces on December 31 in Saibol village. The attackers threw stones and other projectiles towards the office to vent their anger over the continued deployment of central forces, particularly the BSF and the CRPF in the village. Several others, including police personnel and protesters, also suffered injuries during the clash between security forces and attackers.
The Union Budget 2025-26 has allocated over Rs 1,400 crore to the law ministry to meet carry forward expenditure for holding the 2024 Lok Sabha elections and purchase of new electronic voting machines for the Election Commission. The allocation includes Rs 500 crore for the elections, Rs 300 crore for voter identity cards, Rs 597.80 crore for "other election expenses", and Rs 18.72 crore for new EVMs. The law ministry is the nodal agency for the Election Commission, polls, electoral laws, and appointment of members to the poll panel.
Rao's history includes arrests in 2000 by Sahadha police of Nandurbar district and subsequent releases, as well as an underground stint in 2002, leading to his arrest by Malkanoor PS police of Karnataka in 2005.
Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.
BCCI unveils 10-point diktat: Domestic cricket must, restriction on personal staff, family stay on tours
The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25 per cent comes after last rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5 per cent.
Congress leader Rahul Gandhi has said he is "more than happy" to take responsibility for everything wrong the party did in its history, including the 1984 Sikh riots. He acknowledged that the party made "a lot of mistakes" when he was not there, but said he has publicly stated that what happened in the 80s was "wrong." The remarks were made during an interaction at Brown University in the US. The video of the interaction was uploaded on the YouTube channel of the Watson Institute for International and Public Affairs on Saturday. The BJP has criticized Gandhi for his remarks, accusing him of "ridiculing" the beliefs of Hindus and Sikhs.
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.
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.
A case of attempted rape has been registered against the former jailer of Baghpat District Jail following allegations by a female officer posted at the prison, officials said Thursday.
While data can empower communities, it reinforces identities, making local politics more caste-centric, with decisions increasingly contested on the grounds of representation.
Such dynamics could lead to shifting alliances and, in the worst case, local governance getting paralysed as each group demands proportional power-sharing, explain Amitabh Kundu and Mehebub Rahaman.
'When so many young Baloch men and women are willingly volunteering as fighters and even suicide bombers.'
Chinese President Xi Jinping is all set for an unprecedented third five-year term as he was 'elected' to the powerful Central Committee of the ruling Communist Party on Saturday while several top leaders including Premier Li Keqiang have been left out in the major shake-up at the top.
Former Indian Prime Minister Manmohan Singh was summoned as an accused in a coal block allocation case, but the Supreme Court intervened and stayed the directive. Singh, a renowned economist and politician, questioned the absence of mandated sanction for prosecuting public officials and denied any wrongdoing in the coal block allocation. The Supreme Court's decision highlights the complexities of government functions and criminal prosecution in cases involving public officials.
A mob led by Kuki-Zo women clashed with security forces in Manipur's Kangpokpi district on Tuesday, triggering fresh tensions in the ethnic strife-hit state.
It is understood that a lot of focus was on how to build combinations for the World Cup.
The interim panel headed by him would take the place of the Congress Working Committee, the apex decision-making body, till a new CWC is formed after Kharge's election is ratified at the party plenary.
Following the eviction of protesting farmers from the Shambhu border, Haryana security personnel began removing cemented barricades erected to prevent Punjab farmers from reaching Delhi. The Shambhu-Ambala road, closed for over a year, is being cleared with JCBs and other machinery. Meanwhile, the Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha announced dharnas outside deputy commissioners' offices in protest against the Punjab Police crackdown. The groups criticized the Aam Aadmi Party (AAP) government in Punjab for evicting the protesters and detaining farmer leaders on Wednesday. The police action was justified by Punjab Finance Minister Harpal Singh Cheema, who said industries and businesses were hit hard due to the prolonged closure of the highways. The protesting farmers, led by the Samyukta Kisan Morcha and the Kisan Mazdoor Morcha, had been camping at the Shambhu and Khanauri border points since February 13, 2022.
The Supreme Court on Monday said the trial of the Manipur ethnic violence cases, probed by the Central Bureau of Investigation, would be conducted in Guwahati, Assam, where it was transferred to earlier.
What India needs more than one simultaneous election is better governance both at the central and state level. Yes, we need reforms, but our priority should be to make elections less expensive, make it more democratic, do away with freebies which are actually bribes before elections, allow only those who are educated to contest, and bring in a bill to make it impossible for criminals to contest, advocates Ramesh Menon.
Nearly a dozen firms have shown interest in building the foundation model and LLMs, while others have proposed sector-specific SLMs.
'We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.'
Amid escalating tensions at the Uday Pratap College in Varanasi over a mosque located on its premises, police on Thursday restricted outsiders' entry to the campus, allowing only students with valid identity cards.
Seventeen years after the cash-at-judge's door case rocked the judiciary, a special Central Bureau of Investigation court in Chandigarh on Saturday acquitted former Punjab and Haryana high court judge Nirmal Yadav and four others in the matter.
