For the time being, the RBI is done with the cuts. A cut in October, which many are still predicting, is not certain. Of course, if growth nosedives, the script will be different, expects Tamal Bandyopadhyay.
In yet another tragic incident of gun violence in the United States, a man opened fire during morning Mass at a Catholic school in the city of Minneapolis in the state of Minnesota, killing two children and injuring 17 others before turning the gun on himself, media repots said, citing law enforcement and hospital officials.
Japan is expected to increase its investment target in India from the earlier 5 trillion yen ($34 billion) to almost 10 trillion yen.
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.
Karnataka Cooperation Minister K N Rajanna has been asked to resign after allegedly blaming his own Congress government for 'vote theft' in an Assembly segment. The issue sparked controversy and led to demands for clarification in the state assembly.
'Around 15,000 people will be gathering.'
Bihar Governor Arif Mohammad Khan on Thursday frowned upon questions being raised, in a section of the media, over his meeting with Rashtriya Janata Dal president Lalu Prasad Yadav, hours before his swearing in.
'I hope we can move towards peace, stability, and national unity.' 'I believe most Kashmiris want that too.'
Lawyers were on strike against the LG's notification for the deposition of police personnel through video conferencing from police stations.
The present strength of the electoral college is 781 as six seats are vacant in the Rajya Sabha and one in the Lok Sabha. This puts the majority mark at 391. The NDA has 425 MPs, while the opposition camp has the backing of 324.
10 Heroes of the 1965 War which ended on September 23 60 years ago.
The opposition INDIA bloc leaders are expected to discuss their joint candidate for the post of vice-president at a meeting of floor leaders on Monday morning.
A cloudburst in a remote village in Kathua district, Jammu and Kashmir, resulted in four fatalities and six injuries. Rescue operations are underway, and the district administration is monitoring the situation.
The delayed timing of J&K Lieutenant Governor Manoj Sinha's admission has more to do with deflecting the thrust of the Opposition attack on the prime minister and Union home minister during the monsoon session of Parliament, points out Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
"We are contributing about 18 per cent, which is more than the US where the contribution is expected to be much less -- about 11 per cent or something. We are doing very well and we will continue to improve further," RBI governor Sanjay Malhotra said, replying to a question on Trump's recent comments.
There was 'no sign' of survivors after an aerial search of the crash site of a plane carrying 49 people in Russia's Far East, according to media reports.
The Indian Air Force's MiG-21 fighter jets made their last operational flights at the Nal Air Force Station in Bikaner, which doubled as a set for the Sanjay Leela Bhansali-directed film 'Love And War'. The moment marked the jet's last operational flight ahead of its retirement next month.
Delhi Chief Minister Rekha Gupta has been accorded 'Z' category VIP security cover by the Union government following an attack on her. The CRPF has taken charge of her security, providing round-the-clock protection.
On Tuesday, August 5, 2025, on the 6th anniversary of the abrogation of Article 370 and Article 35A, Jammu and Kashmir Lieutenant Governor Manoj Sinha along with J&K Police Director General Nalin Prabhat and Chief Secretary Atal Dulloo handed over government job appointment letters to family members of terror victims in Srinagar.
Former Vice-President Jagdeep Dhankhar has moved to a private farmhouse in Delhi after resigning from his post. He will stay there until he is allocated an official residence.
A fire erupted in Russia's Kursk Nuclear Power Plant on Sunday after Ukraine launched a drone attack at one of Russia's biggest nuclear power plants, damaging a transformer and causing a fall in the output of one of its reactors by 50 per cent, Anadolu Agency reported, citing the plant's press service.
The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday. The meeting of the six-member MPC, which will culminate on Friday, aims to boost sluggish economic growth, which is seen falling to a four-year low. Malhotra took charge as the 26th RBI governor in December last year.
Reliance Industries' refining earnings will remain steady, supported by its position as India's largest importer of Russian crude and favourable global supplies, according to analysts at JM Financial and Goldman Sachs. Reliance imported more Russian barrels than any other Indian refiner in the past eight months, according to data from Bloomberg/Kpler.
The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet cleared Malhotra's name, who has been appointed as the RBI Governor for three years, starting Wednesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024).
The Raj Bhavan issued the statement hours after Sivankutty walked out of a state government event at Raj Bhavan, protesting against the display of a 'Bharat Mata' image, based on a claim that it was widely used in RSS functions, during the programme.
The stage is set for a direct contest between NDA nominee C P Radhakrishnan and joint opposition candidate B Sudershan Reddy for the vice-presidential election. The BJP-led alliance has a clear edge in the poll necessitated due to the sudden resignation of Jagdeep Dhankhar.
Mixed views were expressed by top economists on the Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to hold the repo rate at 5.5% and maintain a neutral stance. While some say the decision was as expected and one more rate reduction is expected this fiscal, there is also a view that rate cut by MPC was warranted given the evolving global situation.
'Non-BJP state governments and their leaders, navigating today's political landscape, know well they have no clue what awaits around the corner.' 'The chances of charges pressed and oneself getting parked in custody play out on an uneven playing field,' points out Shyam G Menon.
'Given the lag in transmission, further softening of lending rates may happen in the coming months.'
The Kerala High Court questioned the suspension of a university registrar who cancelled a program where a 'Bharat Mata' portrait was displayed, sparking a debate over religious symbols and law and order.
A tour bus crash near Buffalo, New York, has resulted in the death of five people, including an Indian national. The bus, carrying 54 passengers, was returning to New York City from Niagara Falls when the accident occurred.
The Shree Jagannath Temple Managing Committee (SJTMC) has formed a sub-committee, headed by former Lt Governor of Jammu and Kashmir, Girish Chandra Murmu, to suggest measures to ensure full protection of the temple in light of recent security breaches.
Prime Minister Narendra Modi announced a Rs 1,600-crore assistance package for flood-hit Punjab after reviewing the damage. He also announced ex gratia for the deceased and injured. The state is battling its worst deluge since 1988.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Rajiv Pratap Rudy secured another term as Secretary (Administration) of the Constitution Club of India, defeating Sanjeev Balyan in a closely watched election that saw participation from prominent political figures.
Over 5,000 people have been evacuated from flooded areas in the Jammu region following heavy rains and flash floods. Rescue and relief operations are underway to restore essential services and provide assistance to those affected.
The National Democratic Alliance's vice presidential candidate C P Radhakrishnan was felicitated at a meeting of the ruling bloc's MPs in the presence of Prime Minister Narendra Modi and other Union ministers. He is expected to file his nomination soon.
Heavy rains exacerbate the flood situation in Punjab, leading to 37 deaths and widespread crop damage. Rescue and relief operations are underway as authorities issue alerts and provide assistance to affected populations.
ICICI Bank has reversed its decision to raise the minimum monthly average balance (MAB) for new savings accounts in metro and urban locations to Rs 50,000, revising it instead to Rs 15,000, effective August 1. The MAB for new savings accounts in semi-urban locations has been revised from Rs 25,000 to Rs 7,500, and for rural locations from Rs 10,000 to Rs 2,500.
A massive controversy is raging in Jammu and Kashmir after a plaque with the Ashoka emblem was vandalised in the Hazratbal shrine as parties on Saturday accused Waqf Board chief Darakshan Andrabi of hurting religious sentiments by using the national emblem in the mosque and demanded registration of a criminal case and her immediate removal.
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