India's foreign exchange reserves have jumped to an all-time high of $651.5 billion as of May 31, Reserve Bank Governor Shaktikanta Das said on Friday. This means the overall kitty has increased by $4.83 billion since the last reported number of $646.673 billion on May 24 this year.
The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
Aamir Khan and nephew Imran Khan will play cameo roles in Happy Patel.
'Along with Blackstone, we would be keen to look at opportunities in the North.'
Allocation to bank deposits -- fixed deposits, savings account deposits, and current account deposits -- came down.
Maharashtra secured a resounding 439-run victory over Baroda in a Group A Ranji Trophy match, keeping defending champions Mumbai's hopes alive for the knockout stage.
IMAGES from Day 5 of the 2nd Test played between India and Bangladesh in Kanpur, on Tuesday.
On a hot day in Pindi, cramps had kicked in, resulting in Litton requiring on-field medical treatment. After receiving some medical attention, Litton was seen limping and continued to stay on the field.
Shyam Benegal, the shining beacon of the Indian cinema, was laid to rest on Tuesday around 3 pm with full state honours and a three-gun salute at Shivaji Park, central Mumbai.
Opener Shadman Islam missed out on a century in his comeback test match as Bangladesh blunted pace-heavy Pakistan's attack and reached 316-5 at stumps on the third day of the first test on Friday.
If he tenders an apology, we are going to think over it, said Madhya Pradesh HM Narottam Mishra.
Mango puree, chia seeds and sago make this an irresistible treat.
Prime Minister Narendra Modi on Saturday launched a scathing attack on the Congress party, accusing it of repeatedly "wounding" the Indian Constitution. He claimed that the Congress, driven by its "lust for power," has consistently undermined the principles of the Constitution. Modi, however, praised India's democratic journey since its independence, highlighting the country's strong democratic roots and its unwavering commitment to its founding principles. He underscored the importance of unity for India's future development and emphasized that the Constitution is the bedrock of that unity.
The rupee tumbled 3 per cent against the US dollar in 2024 as concerns over slower economic growth and a stronger greenback in global markets weighed, but it was among the least volatile currencies in the world and the headwinds may be less intense in the coming year.
Bangladesh looked in trouble at 74-4 but Das dug them out in a 93-run partnership with Mahmudullah to put them on course for an imposing total on a difficult wicket.
A summary of Friday's action in the Ranji Trophy matches across the country.
Stating that growth impulses and the fast-moving indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence of the economy clipping at the projected 9.5 per cent this fiscal. Giving all the credit for the faster-than-expected recovery of the economy to the government, Das said the central bank has only been supporting the government in reviving the economy ravaged by the pandemic. Citing a slew of measures the government has taken since the pandemic struck in March 2020, the governor specifically mentioned tax cuts on fuels, tax resolution for the telecom sector, annulling of the retro tax legislation, sale of Air India, plans to sell some of the public sector banks and PLI scheme as the major reforms and growth-drivers bearing fruits now.
President, PM hail Hima Das after unprecedented feat
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
The Reserve Bank of India on Thursday decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. The rate increase cycle was paused in April last year after six consecutive rate hikes, aggregating to 250 basis points since May 2022.
The dismissal marked a significant low point in Azam's otherwise illustrious career.
He could have blazed a trail that few Indian judges had. It was a missed opportunity of a lifetime, notes Ramesh Menon.
Millets, dal and a bunch of spices can be steamed together for an awesome version of this rice cake.
Days after the government said the Reserve Bank will introduce a digital currency in 2022-23, Governor Shaktikanta Das on Thursday said the central bank does not want to rush and is carefully examining all aspects before introduction of the Central Bank Digital Currency (CBDC). He, however, declined to give any timeline for the launch of the CBDC. In her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next financial year beginning April 2022 to boost the digital economy and for more efficient currency management.
Litton Das believes that facing the red 'SG Test' in India would present an entirely different and more difficult test for the team.
Playing as the opener, Sanju Samson has made just 39 runs in the first two T20 Internationals against Bangladesh.
'She showered me with so much love that I can never forget her warmth and grace.' 'And what a teacher she was!'
'The government is saying 88 Hindus have been killed, but it could be much more.' 'Their properties are being looted, their businesses have been ransacked. I am getting distress calls from there.' 'Muslims who believe in the philosophy of Sheikh Mujibur Rahman are also under attack. Most of those who have fled Bangladesh after Sheikh Hasina's fall are Muslims.'
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 Bangladesh bowlers have the ability to spice up things but against India's formidable lineup, they would need plenty of runs on the board.
The Reserve Bank of India on Friday revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas. Unveiling the bi-monthly monetary policy, RBI Governor Shaktikanta Das said estimates released by the National Statistical Office (NSO) placed India's real gross domestic product (GDP) growth at 8.2 per cent in 2023-24. "During 2024-25 so far, domestic economic activity has maintained resilience," he said, adding that manufacturing activity continues to gain ground on the back of strengthening domestic demand.
IMAGES from Day 4 of the 2nd Test played between India and Bangladesh in Kanpur, on Monday.
Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government's projection of 11 per cent. The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week. The Economic Survey, tabled by the government in Parliament recently, has projected that the economy will grow at 11 per cent, up from an estimated historic decline of 7.7 per cent in 2020-21, on account of the COVID-19 pandemic.
By sacrificing an important component of the right to free speech, we have strengthened the hands of the fundamentalists, the bigots and the publicity-seeking goondas. And of the hate-filled political establishment, points out Vir Sanghvi.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
Virat Kohli's much anticipated return to Test cricket was marred by a disappointing dismissal for just six runs in the first innings against Bangladesh in Chennai.
All We Imagine as Light has been on several critics' best of the year lists, including Sight and Sound (Payal Kapadia appeared on the magazine's cover, perhaps a first for an Indian filmmaker), to The New York Times, Time and it is the number one film recommended by Barack Obama. The future certainly belongs to Payal Kapadia, asserts Aseem Chhabra.
'It is for the first time that a film of mine will be released in theatres and Indian audiences will finally be able to buy tickets and experience it on a big screen, where cinema truly comes to life.'
Amid the political blame game over Bengal's potato ban, which led to shortages in Jharkhand and Odisha, Uttar Pradesh farmers are the unlikely winners.
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