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."
Jharkhand defeated Maharashtra 2-1 to bag the bronze medal.
After the 1962 War with China, there was a demand to forge greater defence cooperation between India and the West. One such voice was that of Sudhir Ghosh, a distinguished MP, to tie up strategic cooperation with the USA immediately after the Chinese attack on India, recalls Rup Narayan Das.
Phirni can taste astoundingly good with nutritious black rice.
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).
Jharkhand, led by Commonwealth Games gold medalists Lovely Choubey and Rupa Tirkey, dominated the lawn bowls competition at the National Games in Dehradun, winning three gold medals. The state's women's fours team defeated West Bengal in the final, while Jharkhand also secured gold in the men's pairs and women's U-25 singles events.
Kerala Blasters' play-off hopes were dashed after they played out a 1-1 draw against Jamshedpur FC at home in the Indian Super League.
The Mumbai police have recorded Bollywood actor Saif Ali Khan's statement in connection with the knife attack on him by an intruder at his residence last week, officials said on Friday.
The use of freshly-made mango pickle makes all the difference to this recipe for a yum paneer starter.
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.
Former Bangladesh opener Imrul Kayes reckons the absence of Jasprit Bumrah will provide his team an opportunity to put India's pace attack under pressure.
Jamshedpur FC now have 34 points, while FC Goa tally 33.
The court also directed the state to pay a compensation of Rs 17 lakh to the family of the deceased doctor.
India on Monday described as 'deeply regrettable' an incident of breach of the premises of Bangladesh Assistant High Commission in Agartala by a group of people protesting against the arrest of Hindu monk Chinmoy Krishna Das in the neighbouring country.
Paatra, a popular Gujarati snack, is also known as aloo vadi in Maharashtra and pathrode in Mangalore.
Adding to Manipur's joy, L Nilam Devi secured the bronze medal, ensuring two podium finishes for the state.
A Kolkata court on Saturday convicted prime accused Sanjay Roy of raping and murdering an on-duty doctor at the state-run RG Kar Medical College and Hospital, 162 days after the crime that sparked nationwide outrage and led to prolonged protests.
The Indian entertainment industry has come away empty-handed from the International Emmy Awards 2021 in New York City on November 22.
The police had cited suspicion about the involvement of more persons in the crime as one of the grounds for seeking the arrested accused's custody in the remand application, the official said without elaborating further on the matter.
Bangladesh secure a 16-run victory in the final match in Mirpur on Tuesday.
Despite not securing a win at the 2025 Golden Globe Awards, All We Imagine As Light Director Payal Kapadia expressed gratitude for the experience and the memories.
The Indian government has defended the use of Amritsar as a deportation hub for US flights carrying Indian deportees, despite objections from Punjab Chief Minister Bhagwant Mann. Government sources said Punjab has the highest number of deportees among Indian states, with 126 out of 333 people deported since February 5. The sources added that 23 flights carrying Indian deportees have arrived in the country since May 2020, all landing in Amritsar. The move has sparked controversy, with opposition parties protesting the treatment meted out to the deportees and demanding that the Indian government take up the issue with the US. Mann has accused the Centre of trying to defame Punjab and said a holy city like Amritsar should not be made a "deport centre".
Rohit Sharma's poor form in red-ball cricket continued as he fell for a 19-ball 3 before Mumbai conceded a first-innings lead against Jammu and Kashmir
Akash Kanojia, a driver from Thane, was detained by the Railway Protection Force (RPF) in Durg, Chhattisgarh, as a suspect in the attack on actor Saif Ali Khan. After the real attacker was arrested, Kanojia was released but claims the police's actions have "ruined" his life, causing him mental trauma, job loss, and a broken engagement. He says he wants justice for the ordeal.
Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?
The two leaders had a complex relationship yet formed a partnership and even after their parting of ways, the two admired each other in their efforts for India's freedom.
Jamshedpur FC dominated Mohammedan SC in their Indian Super League match, securing a 2-0 victory.
A Bangladeshi national, arrested for the knife attack on Bollywood actor Saif Ali Khan, entered India illegally seven months ago and used a fake Aadhaar card to procure a SIM card before moving to Mumbai, police said. The accused, Shariful Islam Shehzad Mohammad Rohilla Amin Fakir (30), was arrested from Thane for the stabbing incident at Khan's residence in Bandra. Fakir, who changed his name to Vijay Das, crossed the Dawki River to enter India illegally and used the Aadhaar card of a local man in West Bengal to procure a SIM card before moving to Mumbai in search of a job. He also tried to get an Aadhaar card for himself but failed. In Mumbai, he worked at places where he didn't need to furnish documents, with a labour contractor helping him get housekeeping work in pubs and hotels in Worli and Thane.
'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.'
Seasoned bureaucrat and a stickler for rules Finance Secretary Tuhin Kanta Pandey will be at the helm of capital market regulator, Securities and Exchange Board of India (SEBI), for three years. The 1987-batch Odisha-cadre Indian Administrative Service (IAS) officer, Pandey, would replace Madhabi Puri Buch, whose three-year term ends on Friday.
Three Hindu temples were vandalized by a mob in Bangladesh's Chattogram on Friday, following protests and violence sparked by the arrest of a former ISKCON member on sedition charges. The attack occurred in the port city's Harish Chandra Munsef Lane, where the Shantaneshwari Matri Temple, the nearby Shoni Temple, and the Shantaneshwari Kalibari Temple were targeted. Temple authorities reported that a group of hundreds threw brickbats at the temples, causing damage to the Shoni Temple and the gates of the other two. The incident has triggered diplomatic tensions between India and Bangladesh, with both countries expressing concerns over the safety of their respective minorities.
A man who was detained in Chhattisgarh's Durg railway station in connection with the January 16 Saif Ali Khan attack case was released on Sunday. Mumbai police earlier arrested a 30-year-old man from Thane near the metropolis in the case. The man detained from the Mumbai LTT-Kolkata Shalimar Jnaneshwari Express at Durg station on Saturday afternoon was just a suspect and he has been released after inquiry. Mumbai police said it had arrested alleged attacker Mohammad Shariful Islam Shehzad, a Bangladeshi national who had illegally entered India and changed his name to Bijoy Das. As per preliminary probe, he had entered the Bollywood star's home, in Satguru Sharan building in Bandra, in the early hours of January 16 with the intention of theft, police said in the metropolis. Khan (54) was stabbed multiple times in the attack, after which he underwent a five-hour surgery in nearby Lilavati Hospital.
Saints and seers gathered at the Triveni Sangam for the 'Amrit Snan' on the occasion of Basant Panchami on Monday cautioned political leaders against misusing Sanatan Dharma and spreading rumours for political gain, and praised Chief Minister Yogi Adityanath over arrangements at the Maha Kumbh.
Senior bankers anticipate discussions on issues related to technology, cyber security, and customer protection.
Metropolitan Magistrate M V Chauhan granted bail to Das on the condition that he shall remain present before the Ahmedabad Crime Branch during the first week of every month until the charge sheet is filed.
'No woman is stronger than one who acknowledges her vulnerabilities.'
RBI Governor Shaktikanta Das on Friday said the government and the central bank are in discussion with South Asian countries to have cross-border trade in rupee. He also said the central bank digital currency (CBDC) is in trial phase and the RBI is moving very carefully and cautiously on digital rupee launch. After the successful launch of the wholesale pilot, the Reserve Bank of India (RBI) on December 1, last year, began its retail CBDC pilot project.
Olympic champion Elaine Thompson's mentor Jerry Holness joins as Indian women's 400m coach
India needs to address Bangladesh's longstanding concerns to improve bilateral ties between Dhaka and New Delhi, Hossain said adding: Bangladesh's previous (ousted) government addressed the concerns of India, but India did not address Bangladesh's concerns.
On the 94th anniversary of the revolutionary giant's martyrdom, Utkarsh Mishra revisits the events of February 27, 1931.
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