US President Donald Trump has imposed tariffs and a travel ban on Colombia after the South American nation refused to accept two American military planes deporting undocumented Colombians. The move comes after President Trump announced mass deportations of illegal immigrants and warned countries of consequences if they refuse to accept them. Colombian President Gustavo Petro, in a post on X, said that the US cannot treat Colombian migrants as criminals and denied the entry of American planes carrying Colombian migrants into Colombian territory. Trump responded by imposing a 25% tariff on all goods coming into the US, a travel ban and immediate visa revocations on Colombian government officials, and visa sanctions on all party members, family members and supporters of the Colombian government. The US also announced enhanced customs and border protection inspections of all Colombian nationals and cargo on national security grounds. In retaliation, Colombia announced a 25% import tariff on American products.
Reserve Bank Governor Shaktikanta Das on Friday said that this stage would have been "premature" and "very very risky" as the retail inflation is still high, and future monetary policy action would depend upon the income data and outlook. Earlier this month, the RBI continued to maintain the status quo in the short-term lending interest rate (repo), citing inflationary concerns, though it changed the monetary policy stance to neutral.
After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over Rs 5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings, particularly in domestic-oriented sectors like capital goods, manufacturing, and infrastructure, Vinit Bolinjkar, head of research, Ventura Securities, said.
'With a very stable technology with limited functionalities, a large network has spanned out.'
An outcome of the petitions may have wider repercussions for many political leaders including Prime Minister Manmohan Singh especially if the petitioners succeed.
Bad loans in the peer-to-peer (P2P) lending industry more than doubled in financial year 2024 (FY24) to Rs 1,163 crore from Rs 472.1 crore in FY23, said a financial services company on Monday. Non-performing assets (NPAs), as such loans are officially called, were a modest Rs 14.7 crore at the end of FY19 when P2P lending was in its nascent stage, according to Capitalmind Financial Services that accessed data from the Reserve Bank of India (RBI) through a right to information application.
Sena MLA Sanjay Gaikwad's announcement of a 'reward' for anyone chopping off Congress leader Rahul Gandhi's tongue had set off a huge political row.
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.
A 32-year-old man chargesheeted in the deadly terror attack on a Central Reserve Police Force (CRPF) convoy in Jammu and Kashmir's Pulwama district five years ago has died of a heart attack in the Government Medical College Hospital in Jammu, officials said.
The India-US nuclear deal was aimed at ending India's nuclear isolation and nuclear apartheid, recalls Rup Narayan Das.
RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank. Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.
Home Minister Amit Shah accused the Congress of twisting facts and distorting his comments on B.R. Ambedkar in the Rajya Sabha, saying the opposition party launched a malicious campaign after a parliamentary discussion "established" the Congress as being "anti-Ambedkar and anti-reservation." Shah defended his remarks, stating his address was clear and without confusion, and that his party would explore all legal options against the Congress for misrepresenting his comments. He also accused the Congress of insulting V.D. Savarkar, crushing constitutional values by imposing Emergency, and humiliating soldiers who laid down their lives.
The index could be vulnerable to a bigger fall given the present market dynamics.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
A Special Investigation Team of Maharashtra Police told a court at Beed on Wednesday that Santosh Deshmukh was killed because he was thought to be an obstacle in a plan to extort Rs 2 crore from an energy firm, and Walmik Karad was in contact with his killers when the crime was executed.
'We will be very, very proactive in providing whatever liquidity requirements are needed.'
'The US is strongly placed to expand its crude supplies to India.'
The judgment from a five-judge Constitution bench, led by Chief Justice DY Chandrachud, offers clarity on licensing regulations and is expected to prevent insurance companies from rejecting claims based on the type of licence of drivers involved in accidents.
The Union Cabinet also decided to promulgate an ordinance -- The Jammu and Kashmir Reservation (Amendment) Ordinance, 2019 -- to give reservation benefits to the people living along the International Border in Jammu and Kashmir, who often face shelling from across the border.
'The upper caste elite's belief that they are casteless is a belief that is available only to the upper castes. Because all the lower castes are reminded by society every day what their caste is.'
Prime Minister Narendra Modi and Congress leaders Sonia Gandhi and Mallikarjun Kharge were among the top leaders who paid homage to former prime minister Manmohan Singh at his home in New Delhi on Friday.
After depreciating 0.32 per cent against the dollar in October so far, the rupee is expected to hold ground against the greenback in the current quarter on the back of robust inflows. According to the median of a Business Standard poll of 10 respondents, the rupee is seen trading around 84 per dollar till the end of December. "In India's case, at least the bond and cash related inflows will continue.
Gaikwad, an MLA from Buldhana assembly seat in Vidarbha region, is no stranger to controversies.
The court of additional sessions judge R M Asodiya reserved its order on Hindustani's bail plea for April 13, additional public prosecutor Moham Gohel said.
Violent protests erupted in Parbhani, Maharashtra, India, for the second day over the vandalising of a replica of the Indian Constitution. Prohibitory orders were imposed in the city, banning gatherings of five or more people in public places. A mob indulged in arson and vandalised the district collector's office. Police arrested a man in connection with the incident, but protests continued. Protesters demanded a thorough investigation and blamed the government's lax approach.
Jan Suraaj founder Prashant Kishor has begun a fast unto death in Patna, demanding the cancellation of a recent examination held by the Bihar Public Service Commission (BPSC). Kishor's hunger strike comes after he gave a 48-hour ultimatum to the Nitish Kumar government to act on the demand, raised by aggrieved candidates who allege the exam was rigged. The administration has declared the hunger strike illegal as it is not the designated site for protests.
'If we want a stable society, then all groups must feel that they have a seat at the table of power.'
The Hindu litigants claim the mosque holds signs suggesting that it was a temple once.
The move, a first in the country after the Supreme Court order, is intended to consolidate the BJP's Dalit outreach in Haryana.
In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. According to the CBIC, vouchers can be categorised into two types.
Union Home Minister Amit Shah on Wednesday asserted that Article 370, which granted special status to Jammu and Kashmir, will not be restored even if Congress stalwart and late PM Indira Gandhi comes down from heaven.
Opposition members in Rajya Sabha on Thursday accused the government of imposing Hindi by bringing new bills with titles only in that language, a charge the treasury bench contested while alleging they were stuck with a colonial mindset.
A purported Telegram post circulated on social media, which claimed that the blast was carried out in retaliation to the "targeting" of pro-Khalistan separatists allegedly by Indian agents.
The Bihar government has moved the Supreme Court challenging a Patna high court verdict that has set aside the amended reservation laws in the state, which enabled the Nitish Kumar government to increase the quotas for Dalits, tribals and backward classes from 50 per cent to 65 per cent.
Given the politics behind it all, one possibility is for binding the governor to act according to the decisions of the state government and clarifying his position vis a vis bills and resolutions passed by the state assembly -- or, re-enacted if returned, points out N Sathiya Moorthy.
On February 1, grappling with the intractable issue of the AMU's minority status, the top court said the 1981 amendment to the AMU Act, which effectively accorded it a minority status, only did a "half-hearted job" and did not restore the institution the position it had prior to 1951.
The court emphasised that all parties must comply with Section 16 of the POSH Act, ensuring confidentiality of the identities involved.
A leading Kuki-Zo organisation in Manipur has demanded a judicial probe into the killing of 10 youths in a gunfight with the CRPF, raising questions about the paramilitary force's neutrality. The Indigenous Tribal Leaders' Forum (ITLF) also reiterated its demand for a separate administration for the Kuki-Zo community in the state, where ethnic violence between Kuki tribals and Meiteis has claimed over 250 lives since May last year. The ITLF claimed the post-mortem reports showed the youths were shot from the back, suggesting they were not engaged in a gunfight when they were killed. The organisation further alleged that CRPF personnel stationed nearby refused to intervene during an attack on Zairawn village, where a woman was killed. The ITLF has called for a political solution to the ongoing conflict, urging the Union Home Minister to consider a separate administration for the Kuki-Zo people.
The Supreme Court on Tuesday reserved its verdict on a batch of pleas challenging the validity of the 103rd Constitution amendment providing 10 per cent reservation to economically weaker sections (EWS) persons in admissions and government jobs.
From stunning animal portraits to captivating glimpses of behaviour in their natural habitat, the World Nature Photography Awards contest showcases the intricate relationship between animals, plants, fungi, and humans.
