The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024).
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
The scale of illegal gambling and betting in India is staggering, with 1.6 billion visits recorded between October and December 2024 across four analysed platforms -- Parimatch, Stake, 1xBet, and Battery Bet.
The umbrella Science and Technology agreement is part of the series of pacts aimed at bringing the two countries together in areas such as health, space and information technology.
Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.
Mid-tier information-technology (IT) companies last financial year reported better growth numbers than their larger counterparts, highlighting their ability to navigate the uncertain macroeconomic environment. Most of these companies - such as Persistent Systems, Coforge, KPIT, and Mphasis - focus on niche businesses and industries that allow them to go deeper in terms of client mining and expanding wallet share from existing customers.
Shift from producing graduates proficient in analysis and strategy to producing graduates capable of initiating, executing, and scaling impactful actions in real-world environments, points out Ajit Balakrishnan.
This is based on the proposals given by a task force set by the government a year before to suggest measures to stimulate the growth of IT, IT-enabled services and the electronics hardware manufacturing industry. Electronics hardware production rose from Rs 84,410 crore (Rs 844.1 billion) in 2007-08 to Rs 94,690 crore (Rs 946.9 billion) in 2008-09, a growth of 12.1 per cent.
Shiv Sena's Dadaji Bhuse is the new school education minister while Uday Samant continues to be the industries minister.
The new wing will be known as the corporate finance investigation department, which will be headed by one of Sebi's executive directors. This department will have information technology solutions experts, particularly to detect the menace of frauds.
The department of information technology has constituted a committee to review the goals of its technology development for Indian languages programme and suggest appropriate directions.
'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'
Seeking prompt removal of identifiable references of the deceased from all social media platforms, the IT ministry warned that failure to comply with the apex court's order may result in legal consequences and further regulatory action.
According to the Department of Pharmaceuticals' annual report for 2024-25, India imported medical devices worth $8.1 billion, while exports stood at $3.7 billion in the financial year 2023-24 (FY24)
Dr Ganesh Natarajan offers practical advice on the importance of skill development.
Vi partners SpaceX-rival AST SpaceMobile for satcom service on smartphones
The Railway Ministry will deliver the advanced locomotives to the African nation over the next three years. Prime Minister Narendra Modi will flag off the first locomotive for export on Friday.
'Visualise those 15 to 18 seconds: Fully loaded aircraft, pilot manually controlling with both hands (no autopilot immediately after takeoff), looking forward while switches are behind.'
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.
While TCS cited evolving business needs and future readiness as reasons, industry experts say the action is a cost-cutting measure aimed at improving operating margins that have remained below the firm's aspirational range despite multiple efforts.
Comedian Samay Raina has removed all episodes of his YouTube show "India's Got Latent" following a controversy sparked by influencer Ranveer Allahbadia's comments. Raina said he will cooperate with investigating agencies and apologized for the controversy. The show faced widespread criticism after Allahbadia's remarks about parents and sex went viral. The incident has led to police investigations and summons from the National Commission for Women.
The newly-formed Delhi Cabinet in its first meeting approved the implementation of the Ayushman Bharat health insurance scheme in the national capital. The cabinet also decided to present 14 pending CAG reports in the first session of the assembly. Delhi Chief Minister Rekha Gupta said that the previous AAP government did not allow the health scheme in the city, preventing the people from availing its benefits.
'What I hope to do is provide a vehicle for that scale and growth in literacy and English as a second language here.'
An 18-year-old Nepalese student of the Kalinga Institute of Industrial Technology (KIIT) in Odisha's Bhubaneswar was found hanging from the ceiling fan of her hostel room on Thursday, police said.
The eight-month intensive programme is designed to help professionals develop comprehensive expertise across both data science and decision science, said IIT-Delhi.
A cloudburst in the high altitude villages of Dharali in Uttarkashi district of Uttarakhand led to flash floods, causing damage to houses and sweeping away structures. Several people are feared buried under debris.
Information technology major Tata Consultancy Services (TCS) on Friday termed the tax demand notices received by several of its employees a "discrepancy," and the tax department will be reprocessing the returns. "We understand that the tax authorities will be reprocessing the returns, post which TDS shall be in sync with Form 26AS issued by the Income Tax Department, and Form 16 Part A issued by TCS. Associates that received the notice will receive a rectification intimation in due course and are not required to pay any demand amount.
As the digital age turns children into informed, opinionated little adults, what guardrails should parents employ? Parents with new-age sensibilities admit to oftentimes feeling stumped. A psychologist, a principal and an eye doctor suggest how they can navigate this new parental landscape.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams.
Prime Minister Narendra Modi addressed the nation on Independence Day, focusing on economic growth, self-reliance, and national security. He emphasized manufacturing quality products at affordable prices, supporting farmers, and combating terrorism and infiltration.
Prime Minister Narendra Modi met with Indian-American billionaire entrepreneur Vivek Ramaswamy and SpaceX CEO Elon Musk in Washington, D.C., discussing India-US relations, innovation, biotechnology, and the role of entrepreneurship. Modi also met with US National Security Advisor Michael Waltz and Director of National Intelligence Tulsi Gabbard during his visit.
The Rs 1-trillion Research Development and Innovation (RDI) fund, which was announced in the July budget for FY25, of which Rs 20,000 crore has already been allocated, will be operationalised in the next two to three months, a top official said.
Citing evolving needs and aspirations of the citizens, he said that the civil service must adapt to contemporary challenges to remain relevant.
'80% of start ups fail because they don't have a support system to help them in the very early phase.' 'It's not just an idea that takes an entrepreneur through the initial three years of journey.' 'What plays a definitive role in making a start-up successful is idea+team+capital+mentors+access to a larger ecosystem.'
Lt Gen Ahmed Sharif Chaudhry, the spokesperson for the Pakistan Army, is the son of a nuclear scientist who was sanctioned by the United Nations and the US for providing information and expertise to al-Qaeda, according to Indian officials. Chaudhry's father, Sultan Bashiruddin Mahmood, allegedly provided insights into nuclear weapons infrastructure and raised funds for a fundamentalist organization linked to the Taliban. Mahmood was arrested in 2001 after admitting to meeting Osama bin Laden but was later released.
The department has a network of more than 150,000 post offices across the country.
As an IAS officer in Kerala, Gyanesh Kumar -- who the Congress described as Amit Shah's 'right hand man' -- had a good working equation with the state's Congress and Left leaders.
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of Rs 44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands. The task force's recommendations include significant incentives: Rs 15,000 crore dedicated to electronic products (systems), Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.
The income tax department on Saturday said it has launched a campaign to send messages to taxpayers who have not disclosed high-value foreign income or assets in their ITRs for AY 2024-25. The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in accurately completing Schedule Foreign Assets (Schedule FA) and reporting income from foreign sources (Schedule FSI) in their income tax returns (ITR).
