The 2G spectrum case has taken a wild turn with the release of a note that could be a game changer.
Suresh Prabhu on the priority being given to safety and the need for more funds for railways to move ahead.
Dream11, Baazi Games, Zupee and WinZO among others are invited for the discussion with the anti-money laundering watchdog.
New Delhi was reluctant to spook investors by clipping the bank's wings
China has defended its newly-released AI tool DeepSeek, after several countries, including India, imposed restrictions on government officials accessing it. Beijing claims actions against DeepSeek amount to "politicisation" of trade and tech issues and vowed to protect the interests of its companies. India's Finance Ministry directed officials to avoid using DeepSeek on office devices, citing confidentiality risks. The tool has garnered global attention for its low-cost model and efficient use of resources, surpassing ChatGPT in popularity on Apple's Appstore.
The RBI under new Governor Sanjay Malhotra on Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25 per cent comes after last rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5 per cent.
'The voice which came wherever I travelled was that we are proud taxpayers. We are honest taxpayers. We want to continue to serve the country by being good taxpayers.' 'But what do you think about the kind of things you can do for us?'
The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others. "Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode," the source said.
The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
Finance Minister Nirmala Sitharaman on February 1 will present a record eighth consecutive budget that is expected to contain measures to shore up weakening economic growth and ease the burden on the middle class struggling with high prices and stagnant wage growth while being fiscally prudent.
'AI analyses body language, etiquette, and communication skills, providing an in-depth performance matrix and a ranking system to help employees identify areas of improvement.'
Roads, railways, and coal together are likely to account for 70 per cent of the government's takings from the upcoming second edition of the National Monetisation Pipeline (NMP), set to run from FY26 to FY30. In comparison, these three sectors are estimated to have contributed 66 per cent in the first edition of the NMP - FY22 to FY25.
Parliament's Budget Session will be held from January 31 to April 4, with Finance Minister Nirmala Sitharaman set to table her eighth straight budget on February 1. The session will begin with President Droupadi Murmu's address to a joint sitting of the Lok Sabha and Rajya Sabha on January 31, followed by the tabling of the economic survey. The first part of the Budget Session will have nine sittings from January 31 to February 13, after which Parliament will break for recess to examine the budget proposals. The session will reconvene on March 10 to discuss the demands for grants of various ministries and complete the budgetary process, concluding on April 4.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
The Pradhan Mantri Awas Yojana-Grameen has the highest unutilised amount (Rs 13,111 crore) compared to any other centrally sponsored scheme.
How to conduct the mock exercise with active public participation of people was discussed threadbare at a high-level meeting chaired by Union Home Secretary Govind Mohan. Top civil and police officers of the country participated in the meeting, official sources said.
'Illegal gambling operators are systematically exploiting India's advertising and payment infrastructure, siphoning off crores of rupees from outside the country.'
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.
'During his stint as prime minister, he got 270 million people out of poverty.' 'This, according to the World Bank, is the fastest compression of poverty anywhere in the world.' Arvind Mayaram, the former finance secretary, recalls his encounters with Dr Manmohan Singh.
Maharashtra Deputy Chief Minister Ajit Pawar acknowledged that some ministers are unhappy with the portfolios assigned to them in the new cabinet, which includes a high number of ministers. Pawar said that the work on pending projects will begin soon after the ministers take charge of their respective ministries. The budget session of the Maharashtra legislature will commence on March 3.
It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Nirmala Sitharaman, rare in Indian polity.
With this, Prime Minister Narendra Modi has also sent a strong message to ally, Janata Dal-United President and Chief Minister Nitish Kumar, that their partnership remains intact and that they will be formidable partners at the hustings.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
"Cash is still quite high in the system. There is also stocking of Rs 2,000 notes in evidence. The expansion of digital payments is taking place all over the world. It is happening in India as well. The pace is much slower," S C Garg, who took VRS from government service after he was abruptly shifted out of the finance ministry, said in a note.
Analysts have their doubts how much independence she has as finance minister. As Amit Mitra advises the chief minister, day-to-day work is done by the finance secretary and the chief secretary.
The family of former Prime Minister Manmohan Singh has approved the proposed site for his memorial at the Rashtriya Smriti Sthal in New Delhi. The memorial, measuring around 900 square metres, will be located adjacent to the memorial of former President Pranab Mukherjee. A trust will be set up to oversee the construction of the memorial, which will be funded by a government grant of Rs 25 lakh.
Vishwajit Rane, who had unsuccessfully lobbied for the CM's post, has been given crucial Health and Town and Country Planning Portfolios along with Urban Development, Women and Child, and Forest departments.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
The disbursement of the second tranche comes on a day when the International Monetary Fund is holding virtual discussions on Pakistan's upcoming budget, as the visit of its mission to Islamabad was delayed due to security concerns in the region.
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
The next Census' findings will help identify the extent of India's ageing population and vulnerability levels.
After HPCL, the government headhunter struggled to find a suitable candidate for the top job at Bharat Petroleum, as most applicants were narrow specialists lacking multidisciplinary experience needed to run a large organisation. The Public Enterprise Selection Board (PESB) last month interviewed a dozen candidates including BPCL director (finance) Vetsa Ramakrishna Gupta and its director (refineries) S Khanna but found none suitable for the job of chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), according to a PESB order.
Delhi-based electric vehicle (EV) ride-hailing firm Evera Cabs, which grabbed headlines after acquiring 500 cars from the now-defunct cab service BluSmart, is stepping up its presence in the EV cab segment. The company is aiming for revenue of Rs 100 crore in the ongoing financial year (2025-26), up from Rs 18 crore in 2024-25.
Outgoing Reserve Bank Governor Shaktikanta Das said on Tuesday that restoring inflation-growth balance is the most important task ahead of the central bank. Addressing a press conference on his last day as the central bank chief, Das said his successor will have to navigate the changing world order, effectively deal with cyber threats, and focus on harnessing new technologies.
Abuse of power, financial misconduct, and the never-ending turf wars are now coming to light as Boxing Federation of India's officials jostle to escape blame for the shocking turn of events.
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
West Bengal Chief Minister Mamata Banerjee has accused the Border Security Force (BSF), central agencies, and the BJP of fanning tension in Murshidabad by allegedly facilitating cross-border influx from Bangladesh. She also urged Prime Minister Narendra Modi to keep the Union Home Ministry under control. Banerjee has announced a compensation of Rs 10 lakh each for the families of three people killed during the violence and directed the state chief secretary to initiate a probe into the role of the BSF.
The government may save over Rs 70,000 crore (Rs 700 billion) on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.
The Union Budget 2025-26 has allocated Rs 3,481.27 crore for security-related expenditure (SRE) and the Special Infrastructure Scheme for Left Wing Extremist (LWE) areas. The BJP-led Centre has set a target of March 2026 to end the Maoists menace in the country. The allocation is considered significant in the wake of Union Home Minister Amit Shah's repeated statements that the Narendra Modi government has resolved to end Naxalism in the country by March 2026. This year, till January-end, 40 Naxalites have been killed in separate gunfights in the worst Naxal-hit state of Chhattisgarh. Last year, 219 Naxalites were neutralized by security forces in separate encounters in Chhattisgarh. Six Maoists were killed in Odisha in 2024, while eight were arrested and 24 had surrendered. According to the home ministry's data, 48 Naxals have so far been killed this year in all Naxal-affected states, 290 were killed in 2024 and 50 in 2023. The government has also established 290 camps of security forces in Naxal-affected areas since 2019 and 88 more are proposed to be set up in 2025.
