Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
The Supreme Court of India has invalidated the appointment of 25,753 teachers and other staff in West Bengal's state-run and state-aided schools, deeming the selection process "vitiated and tainted." The court ordered the state government to conduct a fresh selection process within three months. The decision comes after a Calcutta High Court verdict in April 2024, which also annulled the appointments. The apex court, while upholding the high court's order, made some modifications, including exempting disabled employees from returning their salaries. The case stemmed from alleged irregularities in the 2016 recruitment process by the West Bengal School Service Commission (SSC), involving OMR sheet tampering and rank-jumping. The Supreme Court had previously termed it a "systemic fraud." Former West Bengal education minister Partha Chatterjee and Trinamool Congress MLAs Manik Bhattacharya and Jiban Krishna Saha are among the accused being investigated in the recruitment scam.
The train was heading to Kamakhya station in Assam's Guwahati from Bengaluru.
RBI Governor Shaktikanta Das on Wednesday defended the Reserve Bank's handling of the price situation, saying acting prematurely on inflation would have exerted a heavy cost on the economy and citizens. Acknowledging that the inflation target has been missed, Das said the RBI decided to support the economy by not introducing a rate hike in face of a spike in inflation. "We prevented a 'complete collapse of the economy' by keeping rates lower and stayed away from premature tightening," Das said speaking at the annual FIBAC conference of bankers in Mumbai.
All the 10 people travelling in the Bolero died in the accident, while those in the bus suffered minor injuries, the DCP said.
India's flexible (flex) office segment, having breached pre-pandemic levels, is thriving as corporates, startups, multinational corporations, and global capability centres (GCCs) expand in India, seeking low-capital yet Grade A plug-and-play facilities. In the first quarter (Q1) of 2025, the flex office segment continued to grow, with flex space leasing rising by 22 per cent to 2.2 million square feet (msf), according to Colliers.
In a case of moral policing, a woman was socially ostracized and fined Rs 5,000 for wearing salwar-kameez in Darrang district of Assam. The incident took place in Gongajani Kuwori village where villagers held a kangaroo court and decided to fine the woman, identified as Meghali Das, for her choice of clothing. Das has filed complaints with the police and civil administration, and officials are expected to visit the village to investigate the matter.
Of Trump's reciprocal tariffs and trade deals
India and China held diplomatic talks in Beijing, focusing on effective border management and the resumption of cross-border cooperation and exchanges, including on trans-border rivers and the Kailash-Mansarovar Yatra. The meeting explored measures and proposals to implement decisions made during the Special Representatives (SR) dialogue in December. Both sides agreed to work together for the next SR meeting in India later this year.
A 17-year-old girl from Bangladesh was arrested by West Bengal Police after the Border Security Force (BSF) apprehended her for illegally crossing the border into India. The girl, who is a resident of Panchagarh district in Bangladesh, claimed that she fled after her family members were threatened by fundamentalists in Bangladesh for being ISKCON devotees. The girl's relatives confirmed that they had received threats and were planning to send her to India to protect her from harm.
The only silver lining in March's performance -- which otherwise dragged down the financial year's momentum -- was a 6 per cent year-on-year (Y-o-Y) growth compared to March of the previous year. This is largely due to incentives, festival-driven gains, and new launches.
Here is a list of Q & As to explain these issues and implications of the US move.
Sukanya Verma lists 10 terrific films available on OTT you need to watch right now.
The lawyer had sought a ban from the high court on the International Society for Krishna Consciousness (ISKCON) after placing some newspaper reports related to the organisation on Wednesday.
A Kolkata court will pronounce the sentence on Monday for Sanjay Roy, convicted of raping and murdering an on-duty doctor at the state-run R G Kar Medical College and Hospital. Roy, a former civic volunteer with the Kolkata Police, was found guilty of sexually assaulting the doctor and throttling her to death. The judge will also address questions raised by the victim's father and criticize some activities of the police and hospital authorities.
Mohun Bagan Super Giant remain unbeaten at home with a 2-0 win over FC Goa
Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. "Mr.@BillGates visited RBI Mumbai today and held wide ranging discussions with Governor @DasShaktikanta #RBI #rbitoday #rbigovernor #shaktikantadas #BillGates," RBI said in a tweet. Gates Foundation pursues a lot of activity in India including promotion of financial inclusion, health sector and climate change.
A traditional homemade Bengali sweet, Rosh Bora is rarely found in sweet shops.
On Monday, right-wing group 'Hindu Janajagruti Samiti' approached the police in Bengaluru, seeking cancellation of a show by Das, alleging that it will hurt the religious sentiments of Hindus and show India in bad light to the world.
'It is unjust for the Bangladesh government to send ISKCON monk Chinmoy Krishna Das, who is leading the Hindus in such peaceful demonstrations, to jail'
Reserve Bank Governor Shaktikanta Das on Wednesday said in the wake of appreciating US dollar, the movement of rupee has remained least disruptive as compared to its peers, and the size of foreign exchange reserve is comfortable. On a financial year basis (from April to October 2022), the rupee has appreciated by 3.2 per cent in real terms, even as several major currencies have depreciated, he said while announcing the latest set of bi-monthly monetary policy. "The story of the rupee has been one of India's resilience and stability," the Governor said while pointing out that the appreciation of the US dollar this year, which precipitated large-scale depreciation of all major global currencies including the Indian rupee, has drawn wide attention.
The West Bengal government has sought permission from the Calcutta High Court to appeal against the Sealdah court order that sentenced Sanjay Roy to life imprisonment until death in the RG Kar hospital doctor's rape and murder case. The state government is seeking the death penalty for Roy, the sole convict in the case, and has expressed dissatisfaction with the Sealdah court's verdict, which did not consider the crime "rarest of the rare." The court also ordered Roy to pay a Rs 50,000 fine and directed the state government to pay compensation of Rs 17 lakh to the family of the deceased doctor.
A Mumbai court has extended the police custody of the Bangladeshi man arrested for allegedly stabbing Bollywood actor Saif Ali Khan at his home during a robbery attempt last week. The accused, Shareeful Islam Shehzad Mohammad Rohilla Amin Fakir (30), was produced before a magistrate's court in Bandra at the end of his previous remand. Police sought his custody for seven more days, arguing further investigation was required. The court granted the police plea and extended his custody till January 29.
Bangladesh has summoned its Acting Deputy High Commissioner in Kolkata for urgent consultations following protests over attacks on Hindu minorities. The mission in Kolkata has witnessed multiple protests over the past week by political parties and religious groups condemning the reported atrocities against Hindus in Bangladesh. In a related development, the Bangladesh Assistant High Commission in Agartala, Tripura, suspended all visa and consular services on Tuesday, citing security reasons. The decision followed an incident where protesters breached the mission's premises on Monday to protest the arrest of Hindu spiritual leader Chinmoy Krishna Das in Dhaka.
Sneha, a Spanish citizen, has returned to India in search of her biological mother, who had abandoned her and her brother 20 years ago.
From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy, points out Suveen Sinha.
After the 1962 War with China, there was a demand to forge greater defence cooperation between India and the West. One such voice was that of Sudhir Ghosh, a distinguished MP, to tie up strategic cooperation with the USA immediately after the Chinese attack on India, recalls Rup Narayan Das.
Eliyamma Phillip (56), a staffer at Khan's residence, and househelp Junu identified Shariful as the person who attacked the actor, the official said.
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.
The third piece of the knife used to attack Bollywood actor Saif Ali Khan in his Bandra home on January 16 has been recovered. The knife was recovered from close to Bandra Talao, more than a kilometre away from the actor's residence.
Jharkhand defeated Maharashtra 2-1 to bag the bronze medal.
The Elle List Awards was a kaleidoscope of style and sass.
Kerala Blasters' play-off hopes were dashed after they played out a 1-1 draw against Jamshedpur FC at home in the Indian Super League.
India has expressed serious concern over the increasing incidents of violence and extremist rhetoric against minorities in Bangladesh, urging the interim government to fulfill its responsibility of protecting all minorities. The Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal, stated that India has consistently raised the issue of threats and targeted attacks on Hindus and other minorities with the Bangladeshi government. Jaiswal emphasized that these developments cannot be dismissed as mere media exaggeration and called upon Bangladesh to take immediate steps to ensure the safety and security of minorities.
A unique dessert to add to your Ganesh Utsav menu.
Jharkhand, led by Commonwealth Games gold medalists Lovely Choubey and Rupa Tirkey, dominated the lawn bowls competition at the National Games in Dehradun, winning three gold medals. The state's women's fours team defeated West Bengal in the final, while Jharkhand also secured gold in the men's pairs and women's U-25 singles events.
The Reserve Bank has found gaps in banks' corporate governance despite issuing guidelines on the matter, Governor Shaktikanta Das said on Monday. Addressing directors of bank boards, Das said such gaps, which have been mitigated, could have caused "some degree of volatility". He also hit out strongly against "smart accounting" to conceal stress and bloat financial performance.
Former Bangladesh opener Imrul Kayes reckons the absence of Jasprit Bumrah will provide his team an opportunity to put India's pace attack under pressure.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Sanjay Malhotra on Wednesday took charge as the 26th Governor of the Reserve Bank of India. Malhotra, a career bureaucrat, arrived at the central bank's headquarter this morning, where he was welcomed by senior RBI staffers. The central bank confirmed Malhotra's appointment through a post on the microblogging site "X" and also shared a few pictures.
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