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.
The upcoming Delhi Assembly elections have turned into a fierce battleground of slogans, one-liners, and AI-generated memes between the three main contenders: AAP, BJP, and Congress. From the AAP branding the BJP as the "Bharatiya Jhootha Party" (Indian Liar Party) to Prime Minister Narendra Modi calling the AAP "AAP-Daa" (disaster), the war of words has taken center stage. With the poll results set to be announced on February 8, the elections are being viewed as a referendum on the AAP's governance model, which emphasizes free welfare schemes. The ruling party faces stiff competition from a resurgent BJP that is seeking to return to power in the capital after a gap of more than 25 years. The Congress, although a long shot, hopes to regain its lost ground.
Rizwan Kadri, a member of the Prime Minister's Museum and Library (PMML) Society has written a letter to the Lok Sabha Leader of Opposition Rahul Gandhi requesting to give back the documents, that he called are 'important aspect of its history' and were withdrawn from the museum allegedly on the order of Congress senior leader Sonia Gandhi.
A parliamentary panel has asked the Information and Broadcasting Ministry to submit a note on amendments needed in existing laws to clamp down on controversial content like the one involving YouTuber Ranveer Allahbadia. Members from different parties voiced concern over Allahbadia's crass comments at a YouTube programme and called for stringent measures to punish him and to ensure that such an incident does not recur. The committee's chairperson and BJP MP Nishikant Dubey shared their concerns at the meeting attended by Information and Broadcasting Secretary Sanjay Jaju and other senior ministry officials.
'All MLAs have the same demand -- to form the next BJP government in Manipur as early as possible.'
Ashwini and Tanisha, who won the Guwahati Masters super 100 title, last month will take on Malaysia's Pei Kee Go and Mei Xing Teoh next.
The Coordinating Committee on Manipur Integrity (COCOMI) has condemned the imposition of President's rule in Manipur, calling it "undemocratic" and "most unfortunate." The Meitei body alleges the President's rule is a ploy to push the state into further turmoil and that the central government is using it as a means to shift the blame onto the BJP's alleged incompetency rather than addressing the real issues at hand. COCOMI also criticized the BJP legislators for failing to choose a new leader and demanded an immediate and time-bound process to elect a new leader and restore a government at the earliest.
The Waqf (Amendment) Bill, 2025 was passed in the Lok Sabha early Thursday, with 288 members supporting it and 232 against it.
Enforcement Directorate officials on Sunday detained Shiv Sena leader Sanjay Raut in connection with the Patra Chawl land scam case in Mumbai after hours of conducting raids at his residence.
Households are likely to remain the primary net lenders to the economy in the coming decades.
A source at Medanta hospital in Gurgaon said Patra was 'admitted in the morning and is stable'.
There was no evidence on record to link Shiv Sena Rajya Sabha MP Sanjay Raut to alleged irregularities in the redevelopment of Patra Chawl in suburban Mumbai, his lawyer on Tuesday told a special court.
Reserve Bank Deputy Governor Michael Patra on Wednesday said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets. Emphasising that the Central Bank Digital Currency (CBDC) will be introduced in FY23 as announced by Finance Minister Nirmala Sitharaman in the Budget speech, Patra said India will proceed very gradually on the subject as there are concerns on privacy, its impact on monetary policy formulation and energy intensity. The government had plans to introduce a bill on cryptocurrencies like Bitcoin during the Winter Session of Parliament in November-December 2021 but did not introduce it.
She will not leave the Shiv Sena and will continue to support Sena chief Uddhav Thackeray come what may, Varsha Raut said.
Vatsal Ramaiya draws wisdom from the Bhagvad Gita and correlates it to how you can build a decent corpus to achieve a peaceful retirement.
'The impact of CBDC on deposits and deposit insurance is largely unknown.'
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
Jharkhand defeated Maharashtra 2-1 to bag the bronze medal.
An assistant sub inspector of traffic police died and six others were injured when two vehicles of Chief Minister Bhajanlal Sharma's carcade met with an accident in Jagatpura area of Jaipur on Wednesday.
Amidst rumblings within the state Bharatiya Janata Party seeking a change of leadership in strife-torn Manipur, Chief Minister N Biren Singh on Sunday tendered his resignation to Governor Ajay Kumar Bhalla at the Raj Bhavan in Imphal.
India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change, Reserve Bank Deputy Governor Michael Debabrata Patra said on Monday. Relative to macroeconomic configurations in 2013 when India was described as one of the fragile five countries, he said, "India is better positioned currently, as its macroeconomic fundamentals have improved significantly, and external sector indicators point to the availability of enough cushions to manage external shocks." He was speaking at a conference on 'Growth And Development in the BRICS Economies' organised by the Delhi School of Economics (DSE) and the Indian Statistical Institute (ISI).
Amid the political blame game over Bengal's potato ban, which led to shortages in Jharkhand and Odisha, Uttar Pradesh farmers are the unlikely winners.
A 39-member parliamentary panel has been constituted to examine the two bills proposing simultaneous elections to the Lok Sabha and state assemblies. The panel, chaired by BJP leader Bhratruhari Mahtab, will include prominent members from various political parties, including the BJP, Congress, SP, TMC, and DMK. The panel is expected to submit its report to the Lok Sabha by the first day of the last week of the next session. The government has decided to increase the committee's strength to include more political parties, highlighting the significance of this proposal to reform the election process in India.
How did Bollywood's power couples celebrate NYE? We take a look.
Deputy Governor Michael Patra warned about the spillover effects of food inflation.
'The central bank has highlighted that the slowdown in growth has been limited to a few sectors and overall growth is expected to pick up in the second half of the year.'
The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday. An article on the 'State of the Economy' in the December bulletin noted that the global economy continues to exhibit resilience with steady growth and moderating inflation.
The monthly Rs 2500 payment for poor women is expected to cost Rs 11,000 crore while the pension scheme of Rs 2000 for every senior citizen will cost around Rs 4100 crore. The Yamuna clean up will cost over Rs 10,000 crore while a similar amount is required to upgrade Delhi's hospitals. Ultimately, the new BJP government will have no choice but to ask the centre for financial support, notes Rashme Sehgal.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
The cumulative rate hikes of 2.5 percentage points by the central bank since May 2022 negatively impacted headline inflation by 1.60 per cent, a paper by senior RBI staffers said on Monday. "Policy rate increases have anchored inflation expectations and modulated aggregate demand, generating disinflationary responses," the paper by Deputy Governor Michael Patra, Indranil Bhattacharyya, Joice John and Avnish Kumar, said.
A Delhi court has refused to take cognisance of a chargesheet against Adhunik Corporation Limited and its two directors in a coal scam case lodged by the Enforcement Directorate (ED), saying an attempt to acquire proceeds of crime or anticipating undue benefits cannot be termed money laundering.
The Bharatiya Janata Party on Sunday promised to enact an-anti conversion law with stringent provisions in Maharashtra, and also assured a skill census for training as per industry needs as well as free ration to low-income families.
Around 20 MLAs belonging to the warring Meitei and Kuki communities of Manipur met in New Delhi on Tuesday for the first time since ethnic violence broke out in the northeastern state 17 months ago, in a bid to hammer out a peaceful solution to the ongoing conflict.
The court said that a "thorough investigation" was required to be conducted considering the seriousness of the allegations and directed the SHO to register the FIR against Patra and initiate the probe.
Patra, who is yet to join the BJP officially, was fielded from Basirhat Lok Sabha seat.
Private consumption is back driven by festive spending, and the medium-term economic outlook remains bullish as the innate strength of the macro-fundamentals reasserts itself, the Reserve Bank Bulletin said on Wednesday. Global economic activity remained resilient during Q4:2024 amidst fragile confidence and rising protectionism, said an article on 'State of the Economy' published in the November Bulletin.
Do not underestimate the ingenuity of the Deep State in America to have its way. Keeping the guard down will be a catastrophic mistake on the part of the Delhi establishment. We could get hit when least expected. That's what happened in Bangladesh and Syria, warns Ambassador M K Bhadrakumar.
The BJD not only supported the BJP in Parliament on different issues over the last few years but also helped Railway Minister Ashwini Vaishnaw get elected to Rajya Sabha in 2019 and 2024.
TMC's Rajya Sabha MP Sagarika Ghose submitted a letter to the Election Commission on Thursday.
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