Even if the Reserve Bank of India's Monetary Policy Committee decided to hold interest rates in the October meeting, it acknowledged the scope for further rate cuts while waiting for the impact of the past steps to play out.
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.
Maharashtra Governor C P Radhakrishnan reflects on his tenure as he prepares to move to Delhi as the next Vice President of India, calling it the happiest period in his public life.
Manipur Governor Ajay Kumar Bhalla has extended the deadline for the surrender of looted and illegal arms until 4 PM on March 6 following requests from both hill and valley areas for additional time. The initial deadline for the voluntary surrender of arms ended on February 24. Bhalla has assured that no punitive action will be taken against those who surrender their weapons within this period, emphasising that "this is the last opportunity for everyone concerned to contribute to peace, communal harmony, the future of our youth, and the security of our society."
The Rashtriya Swayamsevak Sangh celebrated its centenary on Vijayadashami at the Reshimbagh ground in Nagpur on October 2. RSS Sarsanghchalak Mohan Bhagwat led the occasion with former President Ram Nath Kovind as the chief guest.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
The government has extended the tenure of the 16th Finance Commission by one month till November 30. The 16th Finance Commission was constituted by the government on December 31, 2023, with former Niti Aayog vice-chairman Arvind Panagariya as its Chairman.
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.
For commercial banks to float subsidiaries, approval from the Reserve Bank of India (RBI) may not remain mandatory, according to highly placed sources.
Union Home Minister Amit Shah on Saturday spoke with Tamil Nadu Governor R N Ravi and Chief Minister M K Stalin to take stock of the situation following a stampede in Karur and assured them of all possible central assistance to deal with the situation, sources said.
'...the electoral playing field is tilted significantly in its favour.'
A profile of C.P. Radhakrishnan, the Maharashtra Governor and former MP, who is being considered as a potential Vice President candidate. His political journey, association with RSS and Jan Sangh, and his influence in Tamil Nadu politics are highlighted.
'We should not look at him as a representative of the Indian community, especially now that he is the mayor of New York. What is important is the value he upholds, which are general values that liberals across the world would believe in'
New York City is preparing to elect a new mayor, with Zohran Kwame Mamdani, of Indian descent, leading the race. The election features Mamdani against Andrew Cuomo and Curtis Sliwa.
Jammu and Kashmir Chief Minister Omar Abdullah on Monday left his official residence on foot for his office at the Civil Secretariat in Jammu, marking the resumption of the biannual 'Darbar Move' after a gap of four years.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, with Deputy Governors Poonam Gupta, Swaminathan J, T Rabi Sankar, and M Rajeshwar Rao, responded to a range of queries in the post-policy interaction with the media
The Supreme Court is hearing arguments regarding a presidential reference on whether fixed timelines can be imposed on governors and the president for acting on bills passed by state legislatures. The court is considering objections to the maintainability of the reference under Article 143 of the Constitution.
From the Sensex firms, Tata Motors jumped the most by 5.54 per cent, followed by Kotak Mahindra Bank, Trent, Sun Pharma, Axis Bank, and ICICI Bank. However, Bajaj Finance, State Bank of India, UltraTech Cement and Tata Steel were among the laggards.
Former Vice President Jagdeep Dhankhar has requested a government bungalow, as per his entitlement, following his resignation. The Union Housing and Urban Affairs Ministry is considering his request.
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).
Aam Aadmi Party (AAP) national convener Arvind Kejriwal will reside in a Type-VII bungalow in Lodhi Estate, New Delhi, after the Centre's allotment following Delhi High Court's intervention. The allocation comes after delays and scrutiny regarding Kejriwal's previous accommodation.
Ukrainian drones attacked the Kirishi oil refinery in Russia's northwest, one of the country's largest, sparking a fire when debris fell from a shot-down drone, Russian officials said on Sunday, France 24 reported.
Reserve Bank Governor Sanjay Malhotra on Wednesday exhorted the fledgling fintech ecosystem to focus on the underserved sections of the society to deepen financial inclusion. Speaking at the annual Global Fintech Fest in Mumbai, Malhotra accepted that serving the "privileged" will be a lucrative business, but urged the smaller companies to focus on the underserved.
'There are no additional benefits for banks and market participants to use CBDC...'
Clarity on Tata Sons' position on listing, as of 2025, would help define the future of the group better, irrespective of the RBI stand. As of now, the ball is in the RBI's court, and everyone is watching the space, points out Nivedita Mookerji.
At least 19 people were killed and four others suffered injuries when a tipper lorry carrying gravel collided head-on with a public transport bus in Ranga Reddy district of Telangana on Monday, police said.
The Delhi High Court has granted the Enforcement Directorate a final opportunity to argue against the bail granted to Arvind Kejriwal in the excise policy-linked money laundering case, following objections from Kejriwal's counsel regarding repeated adjournments.
The alleged gang rape of a second-year medical student in West Bengal's Durgapur has sparked massive outrage, snowballing into a major political storm, with the survivor's father likening Bengal to 'Aurangzeb's rule' and Governor C V Ananda Bose calling for a 'second renaissance' to make the state safer for women.
The Reserve Bank of India (RBI) on Wednesday kept its policy interest rate unchanged at 5.5 per cent for the second consecutive time, citing concerns over tariff uncertainties.
President Droupadi Murmu offered prayers at the Lord Ayyappa temple in Sabarimala, becoming the first woman head of state to visit the shrine. She participated in traditional rituals and ceremonies during her visit.
His victory means that his party will have to learn from him, because after the rise of Donald Trump, the Democrats have been in disarray. They have had no real answer to the Trump phenomenon and Zohran, with his emphatic and clear policies aimed at working class Americans offers them a national path for a return, asserts Aakar Patel.
While participants in the domestic financial market are expecting a 25 basis-point policy repo rate cut in the December meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), economists remain torn between a reduction in rate cut and a pause.
A magisterial inquiry into the September 24 violence in Leh, which resulted in four deaths, is expected to be completed within four weeks. The inquiry, led by Sub Divisional Magistrate Nubra Mukul Beniwal, aims to determine the facts and circumstances surrounding the incident.
Zohran Mamdani has been elected as the Mayor of New York City, becoming the first South Asian and Muslim to hold the position. He defeated Republican nominee Curtis Sliwa and former New York State Governor Andrew Cuomo.
President Trump announces 100% tariffs on movies made outside the US, potentially impacting the Indian film industry. The move follows similar tariffs on pharmaceutical products.
Jammu and Kashmir Lieutenant Governor Manoj Sinha dismissed two government employees, both teachers, for their alleged links with terrorists. The action is part of Sinha's zero-tolerance policy against terrorism and a broader crackdown on the terror ecosystem within Jammu and Kashmir.
Chandrapuram Ponnusamy Radhakrishnan, with strong roots in the RSS and BJP, has been elected as the 15th Vice President of India. His rich political and administrative experience will be valuable as the Chairperson of the Rajya Sabha.
The incident took place on September 19 at around 5:50 pm when a vehicle-based column of troops of 33 Assam Rifles was moving from its Patsoi Company Operating Base to Nambol Company Operating Base.
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.
Gujarat Chief Minister Bhupendra Patel allocated portfolios following a major cabinet reshuffle, with Harsh Sanghavi becoming Deputy CM and receiving Home and Industries. New ministers, including Rivaba Jadeja, were also assigned responsibilities.
