Tamil Nadu Governor Rajendra Vishwanath Arlekar informed TVK chief Vijay that his party lacks the necessary support to form the government. TVK is intensifying efforts to gain support from Left parties, VCK, and IUML. The Governor's decision has sparked protests and political debate in the state.
Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) expressed concerns about inflation becoming generalised and highlighted uncertainties surrounding both inflation and growth prospects due to the West Asia conflict, according to the recently released minutes.
India has launched its first hydrogen-powered train, the 'Namo Green Rail', from Jind, Haryana, marking a significant step towards sustainable railway mobility. The 10-coach train, which emits only water vapour, is currently operating on the Jind-Sonipat route and represents a major technological advancement for the country's transport sector.
The Consul General of Thailand in Kolkata, Siriporn Tantipanyathep, met with the Lieutenant Governor of Andaman and Nicobar Islands to discuss tourism promotion and mutual cooperation in fisheries and other sectors.
'You will have the President's rule for 7 to 8 months, And Annamalai will be the hero in those 7 months.'
Indian benchmark indices Sensex and Nifty closed marginally lower due to profit-taking, following the Reserve Bank of India's decision to keep the repo rate unchanged while lowering its growth expectations for the current fiscal year and forecasting higher inflation.
Bihar's greatest resource is not beneath its soil but above it -- its people. With a population approaching 140 million and one of India's youngest demographic profiles, Bihar possesses an asset many societies would envy, explains Bihar Governor Lieutenant General Syed Ata Hasnain (retd).
There has never been a woman Chief Justice of India, although Justice B V Nagarathna is expected to become the first -- in 2027 if the convention of seniority is followed.
'Mamata was more feared than loved, and in politics when people start fearing you then they start hating you.' 'So Mamata's comeback now is impossible.'
Uncertainties stemming from the West Asia crisis and its potential impact on inflation and economic growth were key factors in the Reserve Bank of India's Monetary Policy Committee (MPC) decision to maintain the status quo on interest rates, according to the recently released MPC meeting minutes.
The Reserve Bank of India (RBI) has projected a 6.9 per cent GDP growth for the current financial year, citing concerns over commodity prices and supply chain disruptions stemming from the West Asia crisis.
If current trends persist, the Congress risks becoming increasingly regionally concentrated, dependent on a handful of states rather than functioning as a truly pan-India political force.
Bihar Deputy Chief Minister Samrat Choudhary has been elected as the BJP legislature party leader, paving the way for him to become the next Chief Minister of Bihar.
For now, Yumnam Khemchand Singh's leadership will be judged not by promises or symbolism, but by whether his government can prevent further violence and begin the slow, difficult work of rebuilding trust.
Overall economic activity continued to hold up in November with demand conditions remaining robust, thanks to strengthening urban demand, but manufacturing and rural demand showed some signs of deceleration even as services remained strong, according to an article on the State of the Economy written by Reserve Bank of India (RBI) officials in the central bank's December bulletin.
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.
The Indian rupee, swaying through multiple headwinds, tiding over global trade disruptions and massive foreign fund outlfows, is unlikely to arrest its descent until tariff impact overhangs, notwithstanding robust domestic macroeconomic tailwinds. The Reserve Bank of India (RBI), which sees the rupee's depreciation as a silver bullet to offset the tariff shock, expects the currency to find its stable course once India reaches a trade deal with its largest trading partner, the US.
Speculation intensifies regarding a potential political shake-up in Jharkhand's ruling coalition, fueled by strained relations between JMM, RJD, and Congress, and Chief Minister Hemant Soren's Delhi visits. Both JMM and Congress have denied the claims.
The Reserve Bank on Wednesday revised upward its growth estimates for the current fiscal year to 6.8 per cent and lowered its inflation projection to 2.6 per cent based on an above-normal monsoon and the rationalisation of GST rates.
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
Since February 2025, the RBI has reduced the policy rate by 100 basis points. In its previous policy review in June, it had trimmed the repo rate by 50 basis points to 5.5 per cent.
'Around 15,000 people will be gathering.'
'What the US appears to be doing is to force India to be "the buyer of last resort", on whom their products can be dumped, 1.4 billion people have to eat something, so why not eat American corn?' 'What is exercising the Trump lot is the fact that most of the farms are in solidly Republican Midwestern states: Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin,' points out Rajeev Srinivasan.
The Supreme Court of India has ruled that Tamil Nadu Governor R.N. Ravi can no longer serve as chancellor of state-run universities, a decision welcomed by the ruling DMK party. The court's judgment stems from a long-standing dispute between the state government and the governor over the assent of 10 bills passed by the Tamil Nadu Assembly. The DMK alleges that the governor had obstructed the smooth functioning of universities by delaying appointments and other critical matters. The judgment paves the way for the Tamil Nadu government to appoint new chancellors for its universities, effectively removing the governor's influence in higher education.
The weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity may result in the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) to cut the repo rate by another 25 basis points, opine top economists. They also said the external economic pressures like trade policies and others would require continued RBI's accommodative stance and policy support for the Indian industry to sustain the growth.
Reserve Bank on Wednesday cut India's growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties. Prospects of agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in 2025-26, RBI Governor Sanjay Malhotra said while unveiling the outcome of the first bi-monthly Monetary Policy Committee meeting for the current financial year.
The Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to cut the repo rate by 50 basis points (bps) to 5.5% was contrary to the expectations of many economists. Firstly, most of the economists expected the MPC to cut the repo rate by 25 bps citing the weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity.
While the BJP backs Nitish Kumar as chief minister, Chirag isn't hiding his readiness for the role, reports Aditi Phadnis.
Former Prime Minister Manmohan Singh's 1991 budget unshackled India's economy, significantly enhancing the economic prospects for hundreds of millions of Indians, first deputy managing director of the International Monetary Fund (IMF) Gita Gopinath said on Friday.
The Tamil Nadu unit of the Bharatiya Janata Patty on Wednesday submitted a memorandum to Governor R N Ravi seeking action over what it claimed "benami" links to ruling DMK Ministers, legislators and MPs and "three scams" to the tune of about Rs 5,600 crore.
Already retail inflation has risen to 6.07 per cent in February, crossing the upper band of the Parliamentary mandate. This is the second consecutive month in 2022 when retail inflation has crossed the 6 per cent mark having hit 6.01 per cent in January.
The Reserve Bank of India (RBI) has projected retail inflation at 4.2 percent for the next financial year beginning April while retaining the forecast for 2024-25 at 4.8 percent. The central bank attributed the expected easing of inflation to good kharif production, winter-easing in vegetable prices and favorable rabi crop prospects. However, the RBI also noted that continued uncertainty in global financial markets coupled with volatility in energy prices and adverse weather events presents upside risks to the inflation trajectory.
'Pakistan is no longer a front-burner issue for America.'
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
Prospects of a bumper kharif harvest are expected to lower food inflation in the coming months, making the country's inflation outlook benign, the Union Ministry of Finance (FinMin) said in its monthly economic report for October released on Monday.
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.
'Putin will not be bound by any kind of deal he would sign with the US.'
The Reserve Bank of India on Friday revised upwards the GDP growth projection for the current fiscal to 7.2 per cent from 7 per cent on rising private consumption and revival of demand in rural areas. Unveiling the bi-monthly monetary policy, RBI Governor Shaktikanta Das said estimates released by the National Statistical Office (NSO) placed India's real gross domestic product (GDP) growth at 8.2 per cent in 2023-24. "During 2024-25 so far, domestic economic activity has maintained resilience," he said, adding that manufacturing activity continues to gain ground on the back of strengthening domestic demand.
Eknath Shinde, a former auto-rickshaw driver, has emerged as a key leader in Maharashtra, culminating in his appointment as Deputy Chief Minister. His journey from a Shiv Sena rebel to a dominant figure in the state's politics is a testament to his resilience and political acumen. He gained popularity for his pro-people stance and his contributions to infrastructure projects and social welfare schemes, solidifying his position as a powerful player in the Mahayuti alliance.
Reserve Bank on Thursday retained the growth and inflation projection at 7.2 per cent and 4.5 per cent respectively for the current fiscal amid expectations of a normal monsoon. In its last bi-monthly monetary policy review in June, RBI had projected real GDP growth and retail inflation at the same.
