RBI cuts GDP growth projection to 6.6 per cent for current financial year, from earlier forecast of 7.2 per cent.
As the Union Budget 2025-2026 (FY26) inches closer, the Indian real estate industry is seeking stamp duty cuts, revised home loan limits and updated affordable housing norms through Pradhan Mantri Awas Yojna (PMAY), single-window clearance and eco-friendly policies, among others. Industry leaders and consultancy firms, including Anarock, Raheja, Gaurs, Kanodia Group, Reach, Urban Space, Justo and Eros Group, have shared their expectations.
A Bangladeshi national, identified as Shariful Islam Shehzad Mohammad Rohilla Amin Fakir, has been arrested in Mumbai for allegedly stabbing actor Saif Ali Khan. The suspect, who had been living in Mumbai for over five months, panicked after seeing his image on news channels and planned to flee to Bangladesh. Police tracked him down after analyzing CCTV footage and digital payment records.
A man who was detained in Durg in Chhattisgarh as a suspect in the January 16 Saif Ali Khan attack case said on Sunday that his life is in complete disarray following police action, leaving him without a job, a snub from his prospective bride and family facing ignominy.
'We will start reaching out to researchers, academics, and experts on AI from top universities and companies from across the world.'
'The central bank has highlighted that the slowdown in growth has been limited to a few sectors and overall growth is expected to pick up in the second half of the year.'
The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant payment system through mobile phones. A limit of Rs 500 per transaction and an overall limit of Rs 2,000 per UPI Lite wallet, is presently applicable, with the facility of auto-replenishment. Unveiling the October bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das also said the per-transaction limit in UPI123Pay will be enhanced to Rs 10,000 from the current Rs 5,000.
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.
With this draw, the Men of Steel moved to the second spot, eight points behind the Mariners (36) with a extra game in hand.
Mumbai police have informed a court that they need to conduct facial recognition of the Bangladeshi man arrested for allegedly stabbing Saif Ali Khan to ascertain if he is the person seen in CCTV footage. The accused, Shareeful Islam Shehzad Mohammad Rohilla Amin Fakir, has been remanded in police custody till January 29. The police are also seeking to match Fakir's footprints and recover the missing part of the knife used in the crime. Fakir's lawyers have opposed the police's plea, raising doubts about the credibility of the incident and arguing that the remand of the accused is not required to recover the material.
Maintaining that other persons were also involved in the crime, the parents of the victim have said that they expect that they will also be arrested and tried before the court.
Rohit, a young man from Punjab, India, was deported from the United States after a perilous journey that cost him his life savings and left his family in financial ruin. He had been promised legal entry to the U.S. by a travel agent in Amritsar, but his hopes were dashed when he was apprehended for illegally crossing the border. The ordeal highlights the risks associated with illegal migration and the exploitation faced by vulnerable individuals seeking a better life.
A court in Mumbai on Wednesday refused the city police custody of the Bangladeshi national arrested for allegedly stabbing actor Saif Ali Khan, and sent him in judicial remand noting that there was no fresh ground to extend his police custody.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
Reserve Bank Governor Shaktikanta Das on Wednesday said that RBI is monitoring the situation regularly with regard to the withdrawal of Rs 2,000 currency notes and expressed confidence that the entire exercise will be completed in a non-disruptive manner. The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2000 denomination banknotes as part of its currency management and permitted the exchange of Rs 2000 currency notes up to Rs 20,000 in one go from Tuesday onwards. The exchange or deposit window is available until September 30, 2023.
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
A great breakfast option, they make for a tasty lunchbox meal as well.
Private sector bank board members have urged the Reserve Bank of India (RBI) top brass to consider workload management of the boards as they feel there are too many issues that go to the boards for approval and the situation becomes unmanageable at times. The views were conveyed to the regulator on Monday in a conference of directors of private sector bank boards on the theme "Transformative Governance Through Sound Boards". RBI governor Shaktikanta Das, deputy governors Swaminathan J and M Rajeshwar Rao, and other senior officials of the central bank participated in the conference.
Christmas colours -- red, green, and gold -- capture the festive spirit with timeless elegance.
'I think today RBI supervision is much sharper than what it was earlier.'
This recipe is made with low-fat yoghurt and garnished with chopped nuts, saffron and dry rose petals.
'Unless a comedian is involved in something society deems unforgivable...'
The CBI lawyer pleaded for the highest penalty for the convict, calling the crime "rarest of the rare".
According to experts, even if an additional 5 per cent of people opt to buy new vehicles, it may bring a huge boost to the sector.
Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have emanated from such mismatches. Delivering the annual KP Hormis (Federal Bank founder) commemorative lecture in Kochi this evening, the governor was quick to acknowledge and assure that the domestic financial sector is stable and the worst of inflation is behind us. Amid the continuing volatility in exchange rates, especially due to the excessive appreciation of the US dollar, and its impact on the external debt servicing ability of nations, Das said, "We have nothing to fear as our external debt is manageable and thus appreciation of the greenback does not pose any problem to us."
February is the month of Valentine's Day and expectedly, there are quite a few romantic films coming up.
Amateur Ham Radio operators have picked up suspicious late-night radio signals in coded Bengali, Urdu and Arabic along the Indo-Bangladesh border in South Bengal over the last two months, raising concerns about possible extremist activities. The signals, which have been detected between 1 AM and 3 AM, are unusual in their pattern and language usage, according to Ham radio operators, who have reported the matter to authorities. The development comes amidst ongoing unrest in Bangladesh and growing anti-India rhetoric in the neighbouring country. Security agencies are investigating the matter, and the Border Security Force (BSF) has acknowledged the seriousness of the situation.
The Mumbai police, who are probing the incident of attack on Bollywood actor Saif Ali Khan, on Tuesday said they have 'ample and strong evidence' against the Bangladeshi national arrested in the case.
'Netflix, Amazon Prime Video, Crunchyroll, and Disney+ Hotstar are continuously expanding their Anime libraries.'
In a fresh statement, the Bharatiya Janata Party leader has raised questions on the attack on Bollywood actor Saif Ali Khan suspecting if the attack on the actor was real or if Khan was just acting. Rane while addressing a public gathering in Maharashtra's Pune, raised questions on attack on Saif saying -- "I doubted whether he had been stabbed or he was acting."
'The balance Zakir Bhai created between rhythm and execution...his maths during his performances were perfect, and yet he was a fountain of improvisation.'
India's pace talisman Jasprit Bumrah's absence will certainly hurt India, but the team's quality batting and spin bowling make them title contenders alongside South Africa and Pakistan in the Champions Trophy.
The Mumbai Police have found several fingerprints of the accused in Saif Ali Khan's stabbing case at the actor's Bandra residence.
The Reserve Bank on Wednesday retained the retail inflation projection at 4.5 per cent for fiscal 2024-25, with Governor Shaktikanta Das stressing that the central bank will have to closely monitor the price situation and keep the "inflation horse" under tight leash lest it may bolt again. Unveiling the October bi-monthly monetary policy, the Governor also said the flexible inflation targeting (FIT) framework has completed 8 years since its introduction in 2016 and is a major structural reform of the 21st century in India.
A Mumbai court remanded a man arrested in the Saif Ali Khan attack case in police custody till January 24 after observing that the police's contention of an international conspiracy cannot be ruled out. The alleged attacker was a Bangladeshi national who had illegally entered India and changed his name to Bijoy Das. Police are investigating the motive behind the attack and whether there is an international conspiracy involved. Saif Ali Khan was stabbed multiple times in the attack and underwent a five-hour surgery.
RBI Governor Shaktikanta Das on Friday called upon G20 nations to resolutely address the challenges, like threats to financial stability and debt distress that confront the global economy. Addressing the inaugural session of the meeting of G20 finance ministers and central bank governors, Das said although the outlook for the global economy has improved in recent months and there is now greater optimism that the world may avoid a deep recession and only experience slow growth or softer recession,"yet uncertainties lie ahead of us." "Together we must resolutely address the challenges that confront us, including those that are of medium to long-term nature such as threat to financial stability, debt distress, climate finance, fractures in global trade and strains on global value chains.
Bangladesh's ousted Prime Minister Sheikh Hasina has launched a scathing attack on the interim administration, accusing Chief Adviser Muhammad Yunus of running a "fascist regime" that persecutes minorities and allows terrorists to operate freely. Hasina, who is currently in India, made the remarks in a virtual address to overseas Awami League supporters, vowing to bring Yunus and his allies to justice for alleged atrocities. Her comments come ahead of a visit by India's Foreign Secretary to Dhaka, where he is expected to raise concerns about the safety of minorities in Bangladesh.
Bethica Das offers a special version of the traditional Gujarati style Methi Nu Thepla.
Sanjoy Roy, the accused in the rape and murder of a doctor at R G Kar hospital in Kolkata, was sentenced to life imprisonment till death on Monday. His mother, Malati Roy, who had previously expressed support for the punishment, shut herself in her home and refused to speak to reporters. Neighbors and family members of Roy have questioned whether he acted alone in the crime, suggesting others may have been involved.
The number of digital financial frauds rose more than four times in FY24 year-on-year to comprise 80 per cent of all financial frauds.
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