Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
The amount involved in banking system frauds surged to Rs 21,515 crore in the first half of FY26, up 30 per cent from the same period last year, even as the number of frauds fell 2.8 times to 5,092.
Reserve Bank will "wait and watch" the evolving situation before deciding on any further rate cut, Governor Sanjay Malhotra has said as he emphasised that both growth and price stability are equally important. With inflation on a downward trend, the RBI's Monetary Policy Committee (MPC) has been reducing the benchmark repo rate and has adopted a neutral stance, which also gives the flexibility to either cut or hike the rate going forward. The central bank has cummulatively reduced the repo rate by 100 basis points since February.
Sukumaran Nair said he had noted Natesan's remarks and that a decision would be taken after a meeting scheduled for January 21.
The future of India will be shaped and decided by the choices the RSS makes now, argues Colonel Anil A Athale (retd).
'Kashmir needs to be divided and we need the land of Panun Kashmir in Kashmir.'
The Bharatiya Janata Party on Tuesday said it held a formal meeting with a Chinese delegation openly, given the "improved" relations between New Delhi and Beijing, unlike the Congress which, it alleged, "secretly" signed a memorandum of understanding with the neighbouring country's ruling party.
A Governor does not possess any discretion in exercise of functions under Article 200 of the Constitution in respect to any bill presented to them and must mandatorily abide by the advice tendered by the council of ministers, the Supreme Court has held.
United States President Donald Trump held a New Year bash at his Florida resort on Thursday and when he was quizzed about his wish for the New Year he said he wanted peace on Earth, reported Fox News.
This comes as people in Iran continue to protest against rising prices and economic hardship pouring into the streets across several provinces in Iran, with some protests escalating into fatal confrontations with security forces, CNN reported.
Gold has emerged as the most stable asset during episodes of geopolitical stress, and crude oil has been more sensitive than others when it comes to regional conflicts and sanctions, according to a report in the Reserve Bank of India's (RBI's) monthly bulletin. Silver and the United States Treasury have showed moderate reactions.
Shrugging off concerns over the depreciation of rupee, the RBI has cut interest rate by 25 basis points to 5.25 per cent in a bid to further bolster economic growth, which rose to a six-quarter high of 8.2 per cent in the second quarter of the current financial year.
Shrugging off concerns over the depreciation of rupee, the RBI has cut interest rate by 25 basis points to 5.25 per cent in a bid to further bolster economic growth, which rose to a six-quarter high of 8.2 per cent in the second quarter of the current financial year.
Whether Freedom At Midnight 2 has a political agenda, a bias or two will be read into it, depending on the affiliation of who is watching, notes Deepa Gahlot.
Large tariffs by the United States administration and elevated geopolitical risk have increased near-term global financial stability risks, and along with weather events pose downside risks to domestic growth, Reserve Bank of India (RBI) Governor Sanjay Malhotra said in the foreword to the Financial Stability Report released on Monday.
Congress leader Shashi Tharoor addresses concerns about his recent statements, asserting his alignment with the party's principles and goals.
'China's basic purpose of taking the Shaksgam Valley was access to the Indian Ocean.'
Congress veteran and former Lok Sabha Speaker Shivraj Patil passed away at 90. He served as Union Home Minister and held several key posts during his long political career.
West Bengal Governor C V Ananda Bose led a search operation at the Raj Bhavan following allegations by a TMC MP that arms and ammunition were stored there.
* Repo rate reduced by 25bps to 5.25 pc; * 4th rate cut, totalling 125 bps, since February 2025; * MPC also decided to continue with neutral stance; * GDP growth forecast for FY26 raised to 7.3 pc from 6.8 pc;
A legend that sprang up after the Turkman Gate killing is that when the shrine is disturbed, the government will fall, as it happened with the Indira Gandhi government.
Christmas was celebrated with devotion and festive gaiety across India, with churches decked in lights, midnight masses, and community events spreading cheer. Leaders extended greetings, and celebrations took place in various states with prayers for peace and harmony.
The Supreme Court of India has agreed to hear on May 6 the pleas of the Kerala government against the governor over the delay in approving bills passed by the state assembly. The court will consider whether the issues raised in the Kerala petition are covered by a recent judgment on a similar plea by Tamil Nadu, which set timelines for governors and the President on granting assent to bills.
Zohran Mamdani, of Indian descent, was sworn in as the 112th Mayor of New York City, marking a historic moment as the first South Asian and Muslim to hold the position. The ceremony took place in an old subway station, symbolizing a new era for the city.
Zohran Mamdani, of Indian origin, was sworn in as the 112th Mayor of New York City, promising an agenda of affordability and inclusivity. He is the first South Asian and Muslim to hold the position.
Officials from both India and the US in the recent past have indicated that a "fair deal" will be concluded soon, with Indian officials holding that more formal rounds of talks are not needed.
West Bengal Chief Minister Mamata Banerjee on Tuesday accepted Aroop Biswas's resignation as the sports minister in the wake of the controversy over the mismanagement of football icon Lionel Messi's event last week, a senior leader of the ruling Trinamool Congress said.
US Vice President JD Vance has strongly criticized commentators for making derogatory remarks about his Indian-origin wife, Usha Vance, following racist comments from a right-wing podcaster.
Unless Governor Ravi or the Union of India moves in appeal, seeking a hearing by a constitutional Bench, this is where it all will have to end, observes N Sathiya Moorthy.
In a landmark verdict, the Supreme court fixed a timeline for Governor to act on bills passed by the state legislature as it pulled up Tamil Nadu Governor R N Ravi for reserving 10 bills for President's consideration, saying it was against the constitutional provisions.
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.
Former Indian cricket captain Mohammad Azharuddin was sworn in as a minister in Telangana CM A Revanth Reddy's cabinet. His appointment is seen as significant ahead of the Jubilee Hills bypoll.
On day two of her visit, President Murmu paid her respects to the brave women warriors of Manipur at the Nupee Lal Memorial Complex in Imphal, here and below. The memorial stands as a tribute to the sacrifice of Manipuri women and commemorates their uprisings in which they challenged the British and feudal powers with great courage.
NDA constituents AIADMK and BJP have started preliminary discussions for the 2026 Tamil Nadu Assembly elections. Key leaders from both parties met to discuss strategies to defeat the DMK government and strengthen their alliance.
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.
Amidst ongoing tensions with the ruling DMK government, Tamil Nadu Governor R N Ravi has invited Vice President Jagdeep Dhankar to inaugurate a meeting of state university Vice Chancellors in the Nilgiris district, sparking criticism from political parties, particularly the Left, who have urged a boycott. The meeting comes in the wake of the Supreme Court ruling in favor of the Tamil Nadu government regarding the appointment of Vice Chancellors, which has stripped the Governor of his previous authority as Chancellor. The Governor, however, maintains his right to convene the meeting, highlighting the ongoing power struggle between the Governor and the state government. The meeting is scheduled for April 25 and 26.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction.
Navjot Kaur Sidhu claims support within the Congress party after being suspended for her controversial remarks. She also accuses Sukhjinder Singh Randhawa of corruption and links to smugglers.
Nationalist Congress Party minister Manikrao Kokate has resigned from the Maharashtra Cabinet after a court upheld his conviction and two-year jail term in a 1995 cheating and forgery case. This marks the second NCP minister to resign this year.
The new complex housing the Prime Minister's Office (PMO) will be called 'Seva Teerth', officials said. The renaming reflects a shift towards service-oriented governance and a focus on duty and transparency.
