Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will remain at low levels for a long period and may go down even further.
India's retail inflation, which has stayed below the Reserve Bank of India's (RBI's) 4 per cent target in recent times, is likely to remain benign in the coming months, RBI Deputy Governor Poonam Gupta said in a speech, on Friday, which was uploaded on the central bank's website on Tuesday. Headline inflation dipped to multi-year lows of around 1.5-2.8 per cent in late 2025.
West Bengal Governor C V Ananda Bose has resigned from his post, triggering a political storm in the state ahead of the upcoming assembly elections. The sudden resignation has led to speculation and accusations between the ruling TMC and the BJP.
Kerala Chief Minister Pinarayi Vijayan accused Governor Rajendra Vishwanath Arlekar of omitting portions of the state cabinet-approved policy address, specifically criticizing the Union Government's fiscal policies and the pending status of state bills.
Gehlot had on Wednesday refused to deliver the address to the Karnataka legislature, leading to a stalemate over the fate of the customary speech that outlines the government's policies.
Karnataka Chief Minister Siddaramaiah dismisses speculation of a power struggle within the Congress party and addresses concerns regarding the Hate Speech Bill.
* 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;
Bihar Governor Arif Mohammad Khan expressed disappointment over the controversy surrounding Chief Minister Nitish Kumar removing a doctor's naqab. The incident sparked a political row, but the governor defended Kumar's intentions. The doctor's family expressed disappointment with the media coverage and denied reports of anger towards the Chief Minister.
President Droupadi Murmu has withheld assent to three amendment Bills passed by the West Bengal Assembly, which sought to replace the governor with the chief minister as chancellor of state-run universities.
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 Supreme Court has stated it will intervene to resolve the deadlock over the selection of vice chancellors for two technical universities in Kerala if the Chief Minister and Governor do not reach a consensus.
Reserve Bank of India (RBI)Governor Sanjay Malhotra on Friday said it was not the regulator's job to take decisions for bank boards, speaking in the context of the wide range of enabling reforms announced for lenders during the October monetary policy review, and emphasised that financial stability remained the regulator's focus.
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.
About 85 per cent of the digital payment transactions take place through UPI in India, and the country can be a case study in inclusive, secure, and scalable Digital Public Platforms (DPPs), Reserve Bank Governor Sanjay Malhotra has said. He was speaking at a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" organised by RBI on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund in Washington, DC on Tuesday.
In the report, Bose has given a detailed account of his findings in the case and also about his interactions with the survivor and her parents who hail from Odisha, he said.
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.
The Centre told the Supreme Court that governors are not indefinitely sitting on bills passed by state legislatures, and that barring a few exceptions, most have acted in a way which the apex court would have perhaps desired. Solicitor General Tushar Mehta argued that a Governor is "not a rubber stamp" and has a duty to preserve, protect, and defend the Constitution.
The National Democratic Alliance (NDA) has nominated Maharashta Governor Chandrapuram Ponnusamy Radhakrishnan as their candidate for Vice-President of India. The announcement was made by BJP President J P Nadda, highlighting Radhakrishnan's extensive public service and cross-party respect.
The Centre has argued before the Supreme Court that state governments cannot use writ jurisdiction to challenge the actions of the President and Governor regarding bills passed by state assemblies, particularly concerning fundamental rights violations. The President seeks the Supreme Court's opinion on whether states can file writ petitions under Article 32 and the scope of Article 361.
If the INDIA bloc and NDA develop consensus then Shiv Sena-UBT will also be part of that process, Raut said.
"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.
The Centre has told the Supreme Court that imposing fixed timelines on governors and the president to act on bills passed by a state Assembly would amount to one organ of the government assuming powers not vested in it by the Constitution and lead to a "constitutional disorder".
The Tamil Nadu government has urged the Supreme Court to dismiss the Presidential reference concerning the Governor's powers to assent to bills, arguing it is an 'appeal in disguise' to overturn settled law.
The state government, however, maintained it has no intimation so far from the central government or the governor's office regarding their "observations" on certain provisions in the Bill.
Former Union Minister Pusapati Ashok Gajapathi Raju appointed as the Governor of Goa, Kavinder Gupta named as the new Lieutenant Governor of Ladakh, and Ashim Kumar Ghosh will be the new Governor of Haryana.
Kerala Governor Rajendra Vishwanath Arlekar asserted that there would be no compromise on Bharat Mata.
The governor's comments rekindle the debate over the historical account of the marriage between Amer ruler Bharmal's daughter and Akbar in 1569.
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.
West Bengal Governor C V Ananda Bose has submitted a report to the Union Ministry of Home Affairs expressing concern over the recent riots in Murshidabad district and the threat of "radicalisation" and "militancy". The governor has suggested a series of measures, including the establishment of a commission of inquiry and the deployment of central forces in border districts, and has hinted at the possibility of President's rule under Article 356 if the situation deteriorates further. He has also criticized the state government's response to the violence, alleging a lack of coordination and a failure to prevent the escalation of the situation.
A delegation of the National Commission for Women (NCW), led by its chairman Vijaya Rahatkar, met with riot-affected women in Murshidabad district of West Bengal, assuring them of safety and demanding an NIA probe into the recent communal clashes. The women narrated their harrowing experiences and demanded permanent BSF camps in select areas of the district. The NCW team also visited relief camps in Malda district and assessed the condition of women affected by the violence.
After effecting two back-to-back 25 basis points rate cuts, Reserve Bank Governor Sanjay Malhotra on Wednesday hinted at another reduction in key policy rate by changing the central bank's monetary stance to 'accomodative' from 'neutral', which may further lower EMIs for consumers.
The West Bengal government has assured the Calcutta High Court that the law and order situation in violence-hit Murshidabad district is under control. The court was hearing a petition by the Leader of the Opposition, Suvendu Adhikari, who alleged bomb blasts during communal riots and sought an NIA investigation. The state government claims adequate steps have been taken to quell the violence, while the Centre has requested an extension of CAPF deployment in the district. The violence erupted during protests against the Waqf (Amendment) Act in Murshidabad, displacing several families. The state government has reported that some families have returned to their homes.
The Supreme Court of India has ruled that Tamil Nadu Governor R.N. Ravi can no longer serve as chancellor of state-run universities, a decision welcomed by the ruling DMK party. The court's judgment stems from a long-standing dispute between the state government and the governor over the assent of 10 bills passed by the Tamil Nadu Assembly. The DMK alleges that the governor had obstructed the smooth functioning of universities by delaying appointments and other critical matters. The judgment paves the way for the Tamil Nadu government to appoint new chancellors for its universities, effectively removing the governor's influence in higher education.
'In this age of competition, we will not survive long if we do not provide quality service to our consumers'
Karnataka Governor Thaawarchand Gehlot has reserved the Bill pertaining to four percent reservation for Muslims in government contracts for the President's assent, citing constitutional concerns. The Bill, which has been a subject of controversy in Karnataka, was passed by both houses of the state legislature amid protests from the opposition BJP. The Governor's decision to reserve the Bill highlights the ongoing debate over the constitutionality of religious-based reservations in India.
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said regulations should not create unintended barriers to financial inclusion while emphasising that the impact of regulations on individuals and businesses should be considered.
Interestingly, Soundararajan's resignation comes on a day Prime Minister Narendra Modi held an election rally in Telangana's Jagtial and a roadshow in Tamil Nadu's Coimbatore.
Tamil Nadu Chief Minister M K Stalin has welcomed the Supreme Court's ruling that state governors must give assent to bills passed by state assemblies, calling it a 'historic' victory for all state governments in India. The court's decision came after the Governor of Tamil Nadu, R N Ravi, withheld assent to several bills passed by the state legislature. The court found that the governor's actions were in violation of the Indian Constitution, which mandates that governors must act on the advice of the council of ministers. The ruling is seen as a significant step towards strengthening the federal structure of India.
Reserve Bank Governor Sanjay Malhotra on Friday said the exchange rate policy has remained consistent over the years and the central bank does not target any 'specific level or band' of the rupee, which slipped to an all-time low of 87.59 to a US dollar. On Thursday, the rupee plunged 16 paise to close at a record low of 87.59 against the American currency. "I would like to mention here that the Reserve Bank's exchange rate policy has remained consistent over the years.
Tamil Nadu Governor R N Ravi has sparked controversy by asking students at a government-aided college in Madurai to chant "Jai Shri Ram". The State Platform for Common School System-Tamil Nadu (SPCSS-TN) has demanded his removal, alleging that he violated his oath of office and secular principles. The group claims Ravi's actions were against the Constitution, which outlines India as a secular country and emphasizes the importance of upholding secular values in education. The incident follows a recent Supreme Court ruling that overruled Ravi's decision to withhold 10 Bills passed by the Tamil Nadu government, highlighting ongoing tensions between the Governor and the state administration.
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