RBI Deputy Governor Rohit Jain discussed the future of India's foreign exchange markets, highlighting the increasing role of local currencies in cross-border trade, the impact of technology, and existing challenges. He emphasised the need for market evolution to facilitate India's global engagement, absorb shocks, and serve all users efficiently. Jain also addressed concerns about unauthorised forex trading platforms and the importance of customer awareness.
Reserve Bank of India Deputy Governor Rohit Jain has stated that India cannot rely solely on bank balance sheets to fund the extensive investment required for its 'Viksit Bharat' (developed India) goal by 2047, emphasising the critical need for deeper corporate bond, foreign exchange, and derivatives markets.
RBI Governor Sanjay Malhotra stated it is "premature" to discuss the implementation of Merchant Discount Rate (MDR) for digital payments, advising a "wait-and-watch" approach. He emphasised that investment in public payment infrastructure is necessary and someone must bear the cost, whether through taxes or MDR. The government is currently working on amendments to relevant statutes, and the RBI is focused on strengthening this infrastructure.
Delhi Police have arrested two Haryana-based businessmen for allegedly impersonating members of the notorious Kala Jathedi gang. The accused issued extortion threats to a Delhi businessman over a financial dispute, demanding money and threatening dire consequences. Investigations revealed the duo had no actual links to the gang but used its name to intimidate the victim.
"Our endeavour is to bring headline inflation in line with the target over the medium term," said RBI Governor Sanjay Malhotra, addressing concerns about the central bank's policy stance and economic outlook.
Former Indian cricketer Ajinkya Rahane believes India's recent Test struggles stem from the departure of senior players, emphasising the need for a core of seven to eight experienced cricketers in the longer format.
Awarapan 2, featuring Emraan Hashmi, is set to release 19 years after its original, joining a growing trend of long-delayed Bollywood sequels attempting to capitalise on nostalgia and past successes like Gadar 2 and Border 2, but not all such reboots guarantee box office triumph.
New financial investment funds, including Filmoney Global and CineNow, are entering the 22,000 crore Indian film business, aiming to establish Indian cinema as a new asset class for high-net-worth individuals and institutions, similar to the IPL.
Long before Rehman Dakait made the Internet swoon, Akshaye Khanna had already mastered the art of stealing the show from the dark side.
Ranbir Kapoor and Alia Bhatt cheered Neetu Kapoor's coming family entertainer Daadi Ki Shaadi at a special screening.
A woman director of an IAS coaching institute was allegedly robbed of Rs 1.89 crore by a former student and his associates at gunpoint in Bhopal after being held captive at a house.
Ektaa Kapoor's Balaji Telefilms has announced the launch of Hoonur, a new talent management company aimed at nurturing artists and strengthening storytelling in the entertainment industry.
The Congress party has issued a show-cause notice to a fifth MLA from Haryana, Jarnail Singh, for alleged cross-voting during the recent Rajya Sabha elections, further exposing internal rifts within the state unit.
Learn about the historical spots in India most visited by domestic tourists.
Ranji Trophy: MP enter quarterfinals; Saurashtra on brink of qualification
The Delhi high court recently observed the 'next Covid pandemic' was far from over as it asked for details on the Centre's preparedness for the collection of samples, centres and transport policy.
'Established filmmakers want to go with the sequels of earlier hit films like Housefull 5 or Mastiii 4. They don't want to come up with fresh ideas. This is pure laziness.'
India's new ODI vice-captain Shreyas Iyer might be forced to remain out of action for minimum three weeks
'Sometimes it might look wrong in the fans' eyes, but please don't twist things or create narratives that aren't even close to the truth.'
The emotional high point of the glittering ceremony came when Shreya concluded her performance with Zubeen's iconic song 'Mayabini Ratir Bukut'.
Shreyas Iyer has been named captain of the India A squad for the upcoming three-match one-day series against Australia A, starting September 30 in Kanpur.
Mohammed Shami, who has been out of action since IPL 2025 and is not part of India's ongoing Test tour of England, was named in Bengal's 50-member list of probables for the upcoming domestic season.
Former Union Sports Minister Anurag Thakur was once again rendered ineligible to contest the Boxing Federation of India (BFI) elections, with his name omitted from the electoral college released on Wednesday for the August 21 polls.
Designer Rohit Bal, a pioneer who helped put Indian fashion on the global map and dressed celebrities at home, Hollywood and elsewhere, died on Friday night at a south Delhi hospital following a heart attack. He was 63.
Seniors Rohit Sharma,Virat Kohli, Jasprit Bumrah and Ravichandran Ashwin received exemptions for the Duleep Trophy, starting in Bengaluru on September 5.
The jokes don't land. The one-liners fall flat. And worse, nobody from the well-stacked cast looks like they are having fun, observes Mayur Sanap.
'At the moment, it's okay. We've got a few days till the next game,' Rohit said, 'hopefully it should be okay.'
The Committee of Management, Shahi Jama Masjid, moved the high court challenging the suit and the Sambhal court order which directed the survey through an advocate commissioner.
A sore right knee forced Virat Kohli out of the first ODI against England in Nagpur on Thursday but the extent of the problem was not immediately clear.
KSCA T20 auction saw Indian international batter Devdutt Padikkal lead the charts as the most expensive player of the day,
The Allahabad high court on Wednesday stayed further proceedings before a civil court hearing the dispute over Jama Masjid in Uttar Pradesh's Sambhal.
Gill exhibited some solid defence and handled his bat with comfort as he faced pace and spin.
The ladies looked gorgeous at Ektaa R Kapoor's annual Diwali party at her residence. And then, there were the good looking couples, who added even more glamour to the proceedings.
Interestingly, former Mumbai Indians captain Rohit Sharma, who led India to winning the T20 World Cup on June 29, was away at Wimbledon on Friday, missing the event.
Having recently made his international comeback against England in both T20Is and ODIs, the stretchable knee caps did not go unnoticed as Mohammed Shami first tried to get a feel of the conditions by bowling a few deliveries with a short run-up.
Attempts to include Anurag Thakur in the electoral college for the upcoming Boxing Federation of India elections were quashed after the former sports minister's name was not included in the final list approved by the returning officer on Thursday.
Jasprit Bumrah has started his rehabilitation at the NCA in Bengaluru as he races against time to get fit for the Champions Trophy.
Alia headed for Ayodhya immediately after gracing an awards ceremony in Riyadh, Saudi Arabia, where she was honoured.
The Boxing Federation of India (BFI) has rejected former Sports Minister Anurag Thakur's nomination for the upcoming elections, citing his ineligibility.
Khatron Ke Khiladi 11 airs from July 17.
