News for 'Michael Banks'

FIFA WC: Mbappe hugs Dembele as France prepare for Morocco

FIFA WC: Mbappe hugs Dembele as France prepare for Morocco

Rediff.com8 Jul 2026

Kylian Mbappe and Ousmane Dembele shared a warm embrace in France training ahead of the FIFA World Cup quarter-final against Morocco, easing rumours of tension as Les Bleus chase another semi-final appearance.

Poultry farmer Ravindra Metkar invited by Oxford to share his rags to riches story

Poultry farmer Ravindra Metkar invited by Oxford to share his rags to riches story

Rediff.com20 Mar 2026

Ravindra Metkar, a farmer from Maharashtra who built a successful poultry business from humble beginnings, has been invited to speak at the University of Oxford's Global Research Conference.

A War With No Exit Strategy, No Victory To Declare

A War With No Exit Strategy, No Victory To Declare

Rediff.com20 Apr 2026

Both sides have now revealed a preference for escalation over strategic defeat, and each new provocation narrows the space for the next pause. The Touska seizure, Iran's refusal to negotiate under blockade, Israel's strikes on Iranian oil infrastructure -- all of these add up to an increasingly untenable situation. This makes the wild card -- Trump and his motormouth -- more consequential than ever, notes Prem Panicker in his must read blog on the Iran War.

IPL 2026 Auction: Who Will Break The Bank?

IPL 2026 Auction: Who Will Break The Bank?

Rediff.com11 Dec 2025

Expect some fireworks for the highly-versatile Cameron Green along with Quinton de Kock, Matheesha Pathirana, Venkatesh Iyer and Ravi Bishnoi.

BJP's Nitin Babu Rises In the Land of Nitish Babu

BJP's Nitin Babu Rises In the Land of Nitish Babu

Rediff.com27 Jan 2026

BJP leaders say Nitin Nabin's low-profile image has made him a favourite of Amit Shah, who was in search of such a leader to appoint to the top party position -- someone who follows the Modi-Shah line as BJP president without "ifs and buts".

The Jail Where Nicolas Maduro Is Imprisoned

The Jail Where Nicolas Maduro Is Imprisoned

Rediff.com8 Jan 2026

Well-known inmates of the notorious Metropolitan Detention Center, Brooklyn, New York.

PIX: Manchester City, Villa held; Chelsea lose to Fulham

PIX: Manchester City, Villa held; Chelsea lose to Fulham

Rediff.com8 Jan 2026

Arsenal's Premier League title prospects were enhanced without them even kicking a ball on Wednesday as their closest challengers Manchester City and Aston Villa both dropped points.

PIX: Arsenal stun Bayern Munich, go top; PSV whip Liverpool

PIX: Arsenal stun Bayern Munich, go top; PSV whip Liverpool

Rediff.com27 Nov 2025

A summary of Wednesday's action in the UEFA Champions League.

Woman duped of Rs 3.75 crore with Jaggi Vasudev deepfake

Woman duped of Rs 3.75 crore with Jaggi Vasudev deepfake

Rediff.com11 Sep 2025

A retired woman in Bengaluru was allegedly defrauded of Rs 3.75 crore by scammers using an AI-generated deepfake video of spiritual leader Sadhguru Jaggi Vasudev to promote a fraudulent online trading platform.

No signs of systemic risk build-up in bank credit: RBI's Michael Patra

No signs of systemic risk build-up in bank credit: RBI's Michael Patra

Rediff.com22 Sep 2023

India's bank credit remains resilient and is showing no signs of systematic risk, Reserve Bank of India (RBI) Deputy Governor Michael Patra said on Monday. A copy of the speech was uploaded on the RBI website on Thursday. "Bank credit is monitored as a lead indicator of overheating. Our assessment, based on a menu of approaches, indicates that current rates of credit expansion are not pointing to systemic stress building up. Illustratively, the credit gap - the difference between the credit to GDP ratio and its trend - is currently negative," said Patra, while delivering a speech in Cambodia.

Champions League PIX: Bellingham fires Real Madrid to win; Chelsea, Liverpool win

Champions League PIX: Bellingham fires Real Madrid to win; Chelsea, Liverpool win

Rediff.com23 Oct 2025

IMAGES from the UEFA Champions League matches played on Wednesday

Wanted: A Safe Seat For Superstar Vijay

Wanted: A Safe Seat For Superstar Vijay

Rediff.com8 Aug 2025

This is important because he is to be seen as a sure winner before criss-crossing the state to campaign for candidates of the party or an alliance, highlights N Sathiya Moorthy.

'Pakistan Generals Are Unhappy With Munir'

'Pakistan Generals Are Unhappy With Munir'

Rediff.com23 Jun 2025

'Pakistan's army has got a streak of democracy. It is more democratic than the country.'

Gold ETFs Grow Popular in India

Gold ETFs Grow Popular in India

Rediff.com16 May 2025

'Increasingly, they treat gold as a financial asset in their portfolio rather than just as jewellery.'

Frederick Forsyth Made Us Think About The World's Fault Lines

Frederick Forsyth Made Us Think About The World's Fault Lines

Rediff.com10 Jun 2025

He was a storyteller who made me feel the pulse of history, the stakes of human ambition, and the thrill of a well-told tale. Prem Panicker recalls his debt to Frederick Forsyth, who passed away on Monday.

RBI adds 27 tn gold to country's reserve in Oct

RBI adds 27 tn gold to country's reserve in Oct

Rediff.com5 Dec 2024

Gold buying by central banks surged to 60 tonnes in October, mainly led by the Reserve Bank of India (RBI) which added 27 tonnes of the precious metal to its reserves, the World Gold Council (WGC) said on Thursday. India added 27 tonnes of gold in October, bringing its total gold purchases to 77 tonnes from January to October, according WGC data based on reported monthly data from the International Monetary Fund (IMF).

All eyes on RBI Governor Sanjay Malhotra as MPC meeting begins

All eyes on RBI Governor Sanjay Malhotra as MPC meeting begins

Rediff.com5 Feb 2025

The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday. The meeting of the six-member MPC, which will culminate on Friday, aims to boost sluggish economic growth, which is seen falling to a four-year low. Malhotra took charge as the 26th RBI governor in December last year.

'RBI Not Overly Concerned About GDP'

'RBI Not Overly Concerned About GDP'

Rediff.com6 Dec 2024

'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.'

Rohit faces DC spin test as MI eye winning ways

Rohit faces DC spin test as MI eye winning ways

Rediff.com12 Apr 2025

An out of sorts Rohit Sharma will strive to keep himself relevant going forward in the Indian Premier League when he is challenged by Delhi Capitals' effective troika of spinners in Mumbai Indians' next match in Delhi on Sunday.

Govt invites applications for RBI deputy governor's post, last date Nov 30

Govt invites applications for RBI deputy governor's post, last date Nov 30

Rediff.com5 Nov 2024

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.

'CBI should reveal discoveries from Swizz evidence on Bofors payoffs'

'CBI should reveal discoveries from Swizz evidence on Bofors payoffs'

Rediff.com9 Mar 2025

Journalist and author Chitra Subramaniam has demanded that the Central Bureau of Investigation (CBI) make public its findings from the "box of evidence" received from Switzerland regarding the Bofors payoffs. Subramaniam, author of 'Boforsgate: A Journalist's Pursuit of Truth', expressed concerns about the lack of transparency surrounding the evidence, questioning who opened the box, when it was opened, and what it contained. She also raised doubts about the official narrative regarding the alleged bribe in the Bofors case, suggesting the sum of Rs 64 crore may not reflect the full extent of the corruption. Subramaniam also alleged that the CBI planted stories about Hindi film actor Amitabh Bachchan to derail the investigation and launched a political vendetta against the Bachchans. She recalled that Bachchan had come to her home and asked if she had seen his name. The CBI has recently requested assistance from the United States in the case, seeking information from private investigator Michael Hershman, who claims to have crucial details about the scandal. The Bofors scandal, a major bribery case involving the Indian government and the Swedish arms manufacturer Bofors in the 1980s, pertains to allegations of a Rs 64-crore bribe in a Rs 1,437-crore deal for the supply of 400 155mm field Howitzers.

Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper

Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper

Rediff.com21 Oct 2024

The cumulative rate hikes of 2.5 percentage points by the central bank since May 2022 negatively impacted headline inflation by 1.60 per cent, a paper by senior RBI staffers said on Monday. "Policy rate increases have anchored inflation expectations and modulated aggregate demand, generating disinflationary responses," the paper by Deputy Governor Michael Patra, Indranil Bhattacharyya, Joice John and Avnish Kumar, said.

Economy recovering from Q2 slowdown, says RBI bulletin

Economy recovering from Q2 slowdown, says RBI bulletin

Rediff.com24 Dec 2024

The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday. An article on the 'State of the Economy' in the December bulletin noted that the global economy continues to exhibit resilience with steady growth and moderating inflation.

Will RBI's new Guv usher a growth-propping rate cut in 2025?

Will RBI's new Guv usher a growth-propping rate cut in 2025?

Rediff.com22 Dec 2024

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.

Marco And Mike Are Good News For India

Marco And Mike Are Good News For India

Rediff.com13 Nov 2024

'Communist China continues to aggressively expand its domain in the Indo-Pacific region.' 'It's crucial for the USA to continue its support in countering these malicious tactics.' 'India, along with other nations in the region, is not alone.'

Will RBI Governor Shaktikanta Das get an extension?

Will RBI Governor Shaktikanta Das get an extension?

Rediff.com4 Dec 2024

The December meeting of the Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends next week. The outcome of the meeting will be announced on Friday by Das at 10 in the morning.

RBI rate cut in Feb may not be a done deal, say economists

RBI rate cut in Feb may not be a done deal, say economists

Rediff.com14 Nov 2024

Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.

If You Missed The Oscars, Read This

If You Missed The Oscars, Read This

Rediff.com3 Mar 2025

Sean Baker broke a record by winning four Oscars just himself for Anora: Best Picture, Best Director, Best Editing and Best Original Screenplay.

RBI Warns Use Of CBDC As Crisis Safe Haven

RBI Warns Use Of CBDC As Crisis Safe Haven

Rediff.com14 Aug 2024

'The impact of CBDC on deposits and deposit insurance is largely unknown.'

RBI unlikely to cut interest rate in October

RBI unlikely to cut interest rate in October

Rediff.com6 Oct 2024

The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.

Private consumption is back; to boost economy: RBI Bulletin

Private consumption is back; to boost economy: RBI Bulletin

Rediff.com20 Nov 2024

Private consumption is back driven by festive spending, and the medium-term economic outlook remains bullish as the innate strength of the macro-fundamentals reasserts itself, the Reserve Bank Bulletin said on Wednesday. Global economic activity remained resilient during Q4:2024 amidst fragile confidence and rising protectionism, said an article on 'State of the Economy' published in the November Bulletin.

RBI's views might have delayed crypto bill: Deputy Governor Michael Patra

RBI's views might have delayed crypto bill: Deputy Governor Michael Patra

Rediff.com23 Feb 2022

Reserve Bank Deputy Governor Michael Patra on Wednesday said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets. Emphasising that the Central Bank Digital Currency (CBDC) will be introduced in FY23 as announced by Finance Minister Nirmala Sitharaman in the Budget speech, Patra said India will proceed very gradually on the subject as there are concerns on privacy, its impact on monetary policy formulation and energy intensity. The government had plans to introduce a bill on cryptocurrencies like Bitcoin during the Winter Session of Parliament in November-December 2021 but did not introduce it.

MPC's Repo Rate Decision Not Unanimous

MPC's Repo Rate Decision Not Unanimous

Rediff.com9 Oct 2024

Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.

Labuschagne won't play in practice game vs India

Labuschagne won't play in practice game vs India

Rediff.com27 Nov 2024

Australia's selectors decided against sending any out-of-form batters Steve Smith and Marnus Labuschagne to play for the Prime Minister's XI against India.

MPC Members Were Divided On Rate Cut

MPC Members Were Divided On Rate Cut

Rediff.com23 Aug 2024

Deputy Governor Michael Patra warned about the spillover effects of food inflation.

2024: Top 10 International Films

2024: Top 10 International Films

Rediff.com7 Dec 2024

Aseem Chhabra lists his favourite 2024 films that he watched at film festivals held in Berlin, Cannes, Toronto and India.

Heading To The Kumbh? Here's How To Plan

Heading To The Kumbh? Here's How To Plan

Rediff.com10 Jan 2025

Prayagraj is a must-visit place in 2025, but in January and February you can't miss the Maha Kumbh, a spectacular event like no other.

Ace acquires another plane as Jet deal gets delayed

Ace acquires another plane as Jet deal gets delayed

Rediff.com7 Oct 2024

Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, said that it has acquired another aircraft for the conversion slot in early February 2025.

RBI admits, food inflation is a concern

RBI admits, food inflation is a concern

Rediff.com18 Jul 2024

An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.

Fresh capex by India Inc will fuel next leg of growth: RBI bulletin

Fresh capex by India Inc will fuel next leg of growth: RBI bulletin

Rediff.com20 Feb 2024

The Indian economy continues to sustain the momentum achieved in the first half of 2023-24 and expectations of a fresh round of capex by the corporate sector is likely to fuel the next leg of growth, the Reserve Bank Bulletin said on Tuesday. "The likelihood of the global economy exhibiting stronger than expected growth in 2024 has brightened in recent months, with risks broadly balanced," said an article on 'State of the Economy' published in the bulletin.