In a year bookended by intractable conflicts and geopolitical fragmentation, India focused on ramping up military prowess by broadly firming up defence procurement worth Rs 4.22 lakh crore even as Indian and Chinese militaries completed pulling back their troops from border face-off points in eastern Ladakh.
Facing criticism from the government over the central bank prioritising inflation over growth, the new RBI Governor Sanjay Malhotra on Monday said that prospects of the Indian economy are expected to improve on the back of high consumer and business confidence in 2025. "As we strive to preserve financial stability to support a higher growth path for the Indian economy, our focus remains steadfast on maintaining stability of financial institutions and, more broadly, systemic stability," Malhotra said in foreword to the Financial Stability Report.
Indians have topped the number of illegal immigrants from Asian countries caught at land, sea, and air checkpoints of the US since 2022.
The wholesale price inflation rose to 1.84 per cent in September as food items, especially vegetables, turned costlier, as per the government data released on Monday. The wholesale price index (WPI)-based inflation was 1.31 per cent in August. It was (-)0.07 per cent in September last year.
Violence erupted in the central Maharashtra city of Parbhani after a replica of the Constitution was vandalized. Around 50 people have been detained for the protests, while a man with mental health issues has been arrested for allegedly damaging the replica. Opposition leaders condemned the incident, calling for strict action against those responsible. The situation is under control, but tensions remain high in the city.
The stage may be set for a recalibrated US-Iran relationship, suggests Ambassador M K Bhadrakumar.
The Uttar Pradesh government has deployed two senior IAS officers, who were part of the team that successfully conducted the 2019 Ardh Kumbh, to oversee the smooth conduct of the Maha Kumbh Mela in the wake of the recent stampede that left at least 30 pilgrims dead. The officers, Ashish Goyal and Bhanu Chandra Goswami, have extensive experience in administration in Prayagraj, including crowd management and inter-agency coordination. They will join Mela Adhikari Vijay Kiran Anand, forming a trio that was part of the mega fair six years ago. The government has also deployed additional senior police officers to strengthen security and crowd management ahead of Basant Panchami, one of the key bathing days of the festival, on February 3.
Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute.
Wholesale price inflation rose to a 4-month high of 2.36 per cent in October as prices of food items, especially vegetables, and manufactured goods turned dearer, as per the government data released on Thursday. The wholesale price index (WPI) based inflation was 1.84 per cent in September 2024. It was (-) 0.26 per cent in October, last year.
Union Minister of State BL Verma expressed concern over the situation in Bangladesh and said the government is closely monitoring it. Addressing a Rozgar Mela in Jammu, he lauded the BSF for its role in safeguarding India's borders with Bangladesh, Myanmar, and Pakistan. He also responded to questions on the Samajwadi Party's controversial statement labelling the BJP government as a "Hindu terrorist organisation", the Congress's allegations of EVM fraud, and Rahul Gandhi's call for a caste census.
The Enhanced Pinaka has demonstrated a range of 75 km and an ability to strike within 10 metres of where it is aimed. This allows a Pinaka battery to destroy a terrorist camp, or an enemy post, logistics dump or headquarters, without sending soldiers across the border.
'Mrs Gandhi had nothing to do in the day-to-day working of Dr Singh's government.' 'People say Mrs Gandhi's office used to give orders, which is nonsense.'
He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.
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.
India has expressed concerns over a rise in violence against Hindus and other minorities in Bangladesh and Pakistan, reporting 2,200 cases in Bangladesh and 112 in Pakistan this year. The Indian government has urged both countries to take measures to ensure the safety of minorities and has highlighted the issue at international forums. The government has also stated that it is monitoring the situation closely and has shared its concerns with the respective governments.
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
Union Home Minister Amit Shah has cancelled his election rallies in Maharashtra and is returning to Delhi due to the volatile situation in Manipur. The home minister is likely to hold a meeting to review the situation in the northeastern state, where irate mobs have set fire to the residences of several BJP and Congress legislators. The incidents follow a series of killings and abductions by militants in the state.
The Aam Aadmi Party on Friday demanded an accommodation for outgoing Delhi Chief Minister Arvind Kejriwal, saying he is entitled to it on account of being the convener of a national party.
'The finance minister missed yet another opportunity to simplify the income tax structure in the Budget.' 'This was an opportune moment to get rid of the old tax system entirely and move fully to the new system,' asserts M Govinda Rao, member of the 14th Finance Commission.
The mesmerizing march included elite marching contingents, missiles, warplanes, surveillance gadgets and lethal weapon systems, with French President Emmanuel Macron gracing the occasion as the chief guest.
Power Ministry said on Wednesday it is working on a legislation to fix more responsibility on the states for the financial health of the electricity boards.
In an update posted on X, the Israeli defense forces said that dozens of warplanes attacked more than 80 targets throughout Beit Hanon during the night.
A casual worker employed at the Defence Ministry was arrested on Tuesday for allegedly providing forged identity card to a key accused in petroleum ministry leaks case while police maintained that no sensitive documents were leaked or stolen from the defence ministry.
India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy.
Power Minster R K Singh said, "The power supply ramp down and ramp up -- they (officials) handled very smoothly, and I along with my senior officials -- power secretary, POSCO CMD -- were personally monitoring the situation from National Monitoring Centre in the ministry. I congratulate all the engineers of NLDC, RLDC and SLDCs for handling the situation very efficiently especially in huge response to the Prime Minister's call".
... and there is no stopping its pan-Islamic agenda, cautions Ambassador M K Bhadrakumar.
A group of people set fire to an ISKCON temple in Dhaka district in Bangladesh in the early hours of Saturday.
China has approved the construction of the world's largest dam on the Brahmaputra River in Tibet, close to the Indian border. The USD 137 billion project, which is expected to dwarf even China's own Three Gorges Dam, has raised concerns in India and Bangladesh, the downstream riparian states. Concerns in India are centered around China's potential to control water flow, potentially enabling the release of large amounts of water to flood border areas in times of hostilities. The dam is part of China's 14th Five-Year Plan, and the Chinese government claims that the project is safe and prioritizes ecological protection.
The number of cyberfraud cases has skyrocketed from 2,677 in 1999-2000 to 29,082 in FY24 -- more than a 10-fold increase. The RBI pegs digital payment frauds at Rs 1,457 crore in FY24, up more than five times in a year. It's not just the number of frauds. What's alarming is the growing sophistication of the fraudsters, exposing the vulnerabilities within the financial system, observes Tamal Bandyopadhyay.
The TIME 100 AI list is an interesting assortment of titans. Indians make up about 20 per cent of the coveted list, which is pretty commendable, notes Sandeep Goyal.
Thackeray held a meeting on the issue and instructed authorities concerned to ensure there is no recurrence of the episode, an official statement said.
Almost five years later, the three services have still not fully understood that joint/theatre commands are not a discussion point; they are the prime minister's diktat on a military reform measure that is in line with what armed forces around the world have implemented, points out Ajai Shukla.
A few more cross border links with neighbouring countries are in the pipeline which would further increase export of power.
The Delhi high court on Tuesday said BJP leader Subramanian Swamy's plea, seeking directions to the ministry of home affairs (MHA) to decide his representation seeking cancellation of Congress leader Rahul Gandhi's Indian citizenship, be treated a public interest litigation.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
India suffers from peak power deficit of three per cent.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
The 10-day-old BJP-led Mahayuti alliance ministry in Maharashtra was expanded on Sunday, with 39 ministers being sworn in, taking its strength to 42. The BJP secured 19 ministerial berths, followed by 11 for the Eknath Shinde-led Shiv Sena and 9 for Ajit Pawar's Nationalist Congress Party. Governor P C Radhakrishnan administered the oath to the new ministers at the ceremony held in Nagpur. Chief Minister Devendra Fadnavis and deputy CMs Eknath Shinde and Ajit Pawar were present.
