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.
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
So far, over 30 people have died across Northeastern states due to heavy rainfalls, floods and landslides, according to media reports.
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.
Bangladesh Bank's Financial Intelligence Unit (BFIU) sent these directives to different banks and financial institutions on Thursday, suspending all types of transactions in these accounts for a month, the Prothom Alo newspaper reported.
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused "some degree of volatility". He also hit out strongly against "smart accounting" to conceal stress and bloat financial performance.
A Hindu leader in Bangladesh, Chinmoy Krishna Das, had his bail hearing in a sedition case postponed for a month due to the absence of a lawyer to represent him. The hearing was scheduled for December 3rd, but was adjourned to January 2nd, 2024. Das was arrested on November 25th for alleged sedition and has been denied bail since. The incident has sparked protests from his supporters and has highlighted concerns about the safety of minorities in Bangladesh. The postponement of the bail hearing further delays a decision on his release.
At least 30 suspects have been detained in Bangladesh's Chattogram city for their alleged involvement in the killing of a lawyer and attacking security personnel following the arrest of a prominent Hindu community leader. The violence erupted after Chinmoy Krishna Das Brahmachari, spokesperson for Bangladesh Sammilita Sanatani Jagran Jote, was denied bail and sent to jail in a sedition case. The lawyer, Assistant public prosecutor Saiful Islam, was killed during clashes between security personnel and Das' followers. The interim government has condemned the violence, urging people to remain calm and has ordered an investigation into the killing and appropriate legal measures.
National record holder in women's javelin throw, Annu Rani would consider herself to be lucky to make it to the squad as she has been struggling for some time to reach the 60m mark.
Everything in Good Bad Ugly seems copied, rues A Ganesh Nadar.
Police have registered a cheating case against an alleged bogus doctor, who had also served as Bharatiya Janata Party Jabalpur medical cell's co-convener, after a complaint that he worked in a government hospital in Jabalpur on a fake degree, officials said.
Re-watching 1967's Jewel Thief evokes the joy of cinema, with its perfect blend of thrill, suspense, romance and music. A film like that can never be remade or be tampered with in any way, observes Deepa Gahlot.
Pronouncing sole accused Sanjay Roy guilty of rape and murder of an on-duty doctor at state-run RG Kar hospital, Sealdah court judge Anirban Das on Saturday said the convict had attacked the postgraduate trainee while she was asleep in the hospital's seminar room around 4 am on August 9, 2024.
The Odisha police, in its FIR on the killing of Health minister Naba Kishore Das, said the accused assistant sub-inspector (ASI) Gopal Das had "clear intention" to kill the minister.
Ahmedabad civic authorities launched a massive demolition drive on Tuesday, razing over 2,000 illegally constructed houses and properties in the Chandola Lake area. The operation, which involved around 50 teams equipped with earthmovers and 2,000 police personnel, was carried out days after illegal Bangladeshi immigrants were detained from these settlements. The Gujarat High Court declined to stay the action, observing that the dwellings were situated on the periphery of the water body and therefore subject to demolition under the Land Revenue Code. Authorities also demolished the illegal farmhouse of Lalu Pathan, alleged mastermind behind the encroachments, who is suspected to have helped illegal immigrants obtain rental accommodation and Aadhaar cards.
A group of people set fire to an ISKCON temple in Dhaka district in Bangladesh in the early hours of Saturday.
India is preparing to resume the Kailash Mansarovar Yatra, a pilgrimage to Mount Kailash in Tibet, after a three-year hiatus. The decision comes as part of efforts to improve relations between India and China, which have been strained since a military standoff in 2020. The two countries have also agreed in principle to resume flight services between them.
Former Union Home Secretary Ajay Kumar Bhalla has been appointed as the governor of strife-torn Manipur. Ex-Army chief Vijay Kumar Singh is the new Mizoram governor. Kerala Governor Arif Mohammed Khan has been shifted to Bihar, while Bihar Governor Rajendra Vishwanath Arlekar will become the new Kerala Governor. These appointments will take effect from the dates they assume charge of their respective offices.
Citing evolving needs and aspirations of the citizens, he said that the civil service must adapt to contemporary challenges to remain relevant.
The Bangladesh Assistant High Commission in Tripura's capital Agartala on Tuesday announced the suspension of all visa and consular services with immediate effect until further notice because of 'security reasons', a day after the mission's premises was breached by a group of people protesting against the arrest of Hindu monk Chinmoy Krishna Das in Dhaka.
A lawyer was killed on Tuesday during clashes between the security personnel and followers of a Hindu community leader, who was denied bail and sent to jail by a court in the port city of Chattogram in Bangladesh, police said.
A great breakfast option, they make for a tasty lunchbox meal as well.
This comes amid the row over the arrest of former priest of ISKCON Bangladesh, Chinmoy Krishna Das Brahmachari, over sedition charges, which led to protests and unrest in Bangladesh.
The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December quarter. Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices.
This recipe is made with low-fat yoghurt and garnished with chopped nuts, saffron and dry rose petals.
A Kolkata court has sentenced Sanjay Roy to life imprisonment for the rape and murder of an on-duty doctor at R G Kar Medical College and Hospital. The court rejected the prosecution's plea for the death penalty, stating that the case does not meet the criteria for being classified as "rarest of the rare." The judge emphasized that the measure of a civilised society lies in its capacity for reform and rehabilitation, not revenge.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
In a case of moral policing, a woman was socially ostracized and fined Rs 5,000 for wearing salwar-kameez in Darrang district of Assam. The incident took place in Gongajani Kuwori village where villagers held a kangaroo court and decided to fine the woman, identified as Meghali Das, for her choice of clothing. Das has filed complaints with the police and civil administration, and officials are expected to visit the village to investigate the matter.
A 17-year-old girl from Bangladesh was arrested by West Bengal Police after the Border Security Force (BSF) apprehended her for illegally crossing the border into India. The girl, who is a resident of Panchagarh district in Bangladesh, claimed that she fled after her family members were threatened by fundamentalists in Bangladesh for being ISKCON devotees. The girl's relatives confirmed that they had received threats and were planning to send her to India to protect her from harm.
Now AIFF's move to hand the trophy to Churchill Brother, just hours after the CAS order staying the federation's decision to declare the club as champions, could provoke international scrutiny, including from FIFA.
The lawyer had sought a ban from the high court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.
A delegation of the National Commission for Women (NCW), led by its chairman Vijaya Rahatkar, met with riot-affected women in Murshidabad district of West Bengal, assuring them of safety and demanding an NIA probe into the recent communal clashes. The women narrated their harrowing experiences and demanded permanent BSF camps in select areas of the district. The NCW team also visited relief camps in Malda district and assessed the condition of women affected by the violence.
Bethica Das offers a special version of the traditional Gujarati style Methi Nu Thepla.
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.
China's military has said it is willing to work with India to find a solution to the border issue, while also pushing for sound and stable defence ties. The statement comes after recent meetings between officials from both countries to normalize relations following a prolonged period of tension.
India and China celebrated the 75th anniversary of their diplomatic relations on Tuesday, with leaders from both countries exchanging congratulatory messages. The anniversary comes as the two countries are working to restore ties after a four-year freeze due to the military standoff in eastern Ladakh. Both countries have expressed a willingness to enhance strategic mutual trust and step up cooperation in various fields. The two sides are also exploring ways to rebuild ties and promote people-to-people exchanges.
The gap between credit and deposit growth in the banking system is expected to decline sharply to 80 basis points (bps) in the next financial year from an average of 386 bps over the FY22-Q3FY25 period, according to rating agency India Ratings. This would be against the backdrop of sharp moderation in the incremental loan deposit ratio (LDR) of the Indian banking system to 85 per cent in February 2025 from 117-118 per cent in the same month of 2024.
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."
'It is unjust for the Bangladesh government to send ISKCON monk Chinmoy Krishna Das, who is leading the Hindus in such peaceful demonstrations, to jail'
All the 10 people travelling in the Bolero died in the accident, while those in the bus suffered minor injuries, the DCP said.
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