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).
Commencing hearing on pleas challenging the constitutionality of the Places of Worship Act, 1991, the Supreme Court asked the Centre to reply to cross-pleas against or seeking implementation of statute.
The mosque's management committee chief, however, claimed that the Noori Masjid in Lalauli town was built in 1839 while the road around it came up only in 1956, and said they have already moved the Allahabad high court which will take up the petition on December 12.
The Maharashtra State Waqf Board has denied issuing notices to farmers in Latur over land ownership. The notices were issued by the Waqf Tribunal following a claim filed by an individual. The Waqf Board says it has not made any claim on land in any village in Latur district.
'I think today RBI supervision is much sharper than what it was earlier.'
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
Farmer representatives and agricultural stakeholders urged the government to provide cheaper long-term credit, implement lower taxes, and double the PM-KISAN income support during a comprehensive pre-budget consultation with Finance Minister Nirmala Sitharaman on Saturday. The two-hour meeting saw a detailed discussion of proposals, aimed at addressing multiple challenges in the agricultural sector, with key demands focusing on financial relief, market reforms, and strategic investments.
Sanjay Malhotra takes charge as the 26th RBI governor at a time when headline retail inflation has shot up to 6.2%.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
The action came after a 'jatha' of 101 farmers, who resumed their foot march to Delhi shortly after 12 noon on Saturday from the Shambhu protest site on the Punjab-Haryana border, reached the barricades put up by the Haryana security personnel.
The ruling Bharatiya Janata Party on Thursday took a major step to implement its key plank of "one nation, one election" as the Union Cabinet headed by Prime Minister Narendra Modi approved the constitutional amendment bill to roll out the concept of simultaneous Lok Sabha and state assembly polls, sources said.
What India needs more than one simultaneous election is better governance both at the central and state level. Yes, we need reforms, but our priority should be to make elections less expensive, make it more democratic, do away with freebies which are actually bribes before elections, allow only those who are educated to contest, and bring in a bill to make it impossible for criminals to contest, advocates Ramesh Menon.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
The Bharatiya Janata Party (BJP) has alleged that former Congress president Sonia Gandhi has links to an organisation financed by the George Soros Foundation, which has reportedly supported the idea of an independent Kashmir. The party claims this connection demonstrates foreign influence in Indian internal affairs. This comes after BJP's claims of US involvement in destabilizing India, which the US has denied. The BJP also accused Congress leader Rahul Gandhi of collaborating with the Soros-funded OCCRP to damage India's economy and reputation. The allegations have drawn criticism from the US embassy and the opposition Congress.
Silva's tenure begins at a pivotal time, with the ACC focusing on the upcoming Asia Cup and striving to strengthen Asia's position as a powerhouse in global cricket.
To ease the potential liquidity stress, the Reserve Bank on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. The RBI on May 4, 2022 had raised CRR to 4.5 per cent from 4 per cent in an off-cycle Monetary Policy Committee (MPC) meeting, with effect from May 21 the same year.
The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent. The Reserve Bank of India (RBI) maintained the status quo on interest rate despite July-September quarter GDP growth falling to 7-quarter low of 5.4 per cent, as against its own projection of 7 per cent.
Amid escalating tensions at the Uday Pratap College in Varanasi over a mosque located on its premises, police on Thursday restricted outsiders' entry to the campus, allowing only students with valid identity cards.
'Whenever the hike in voting percentage is more, the NDA gains more, and when the hike is negligible, the NDA falls.' 'I have established this in UP, Haryana and Jharkhand.'
The top court asked the state government to spell out details of its actions taken against the culprits and the encroachers.
The Indian government has refused to accept recommendations for a 10% pension increase for retired regular Army captains under the One Rank One Pension (OROP) scheme. The Supreme Court heard an appeal by the government challenging an Armed Forces Tribunal order that mandated a decision on pension for retired captains. The government's decision not to accept the recommendations has led to a delay in resolving pension anomalies for these officers. The case will be heard again on December 12, 2023.
The Chief Minister of Manipur, N Biren Singh, has received "key evidence" related to the disappearance of a 56-year-old man who has been missing for 10 days. The evidence suggests the man disappeared from an army camp in Kangpokpi district. The Joint Action Committee (JAC) formed to find the missing man, Laishram Kamalbabu Singh, presented the evidence to the CM. Despite the evidence, the JAC remains dissatisfied with the ongoing search efforts and accuses the security forces of reluctance to cooperate. The Indian Army has deployed over 2,000 personnel in the search operation, which is taking place in a military camp surrounded by hills where the Kuki people live. The disappearance comes amid ongoing ethnic violence in Manipur, which began in May 2023.
The Sambhal administration in Uttar Pradesh, India, has announced plans to put up posters of individuals involved in violence that occurred on November 24. Over 400 people have been identified and 32 arrested in connection with the violence, which stemmed from a local mosque survey. The administration is currently designing the posters and will finalize them today. Posters will be displayed after excluding those who have been arrested.
Police have registered a case on charges of culpable homicide not amounting to murder against the driver of a BEST bus involved in an accident in Mumbai which claimed six lives and left 43 others injured, officials said on Tuesday.
Almost five years later, the three services have still not fully understood that joint/theatre commands are not a discussion point; they are the prime minister's diktat on a military reform measure that is in line with what armed forces around the world have implemented, points out Ajai Shukla.
Students at Udai Pratap College in Varanasi, India, protested demanding the removal of a mosque located on the campus. The protest came after tensions arose when a section of students recited Hanuman Chalisa near the mosque while prayers were being offered. The college administration has denied claims by the Uttar Pradesh Sunni Central Waqf Board that the mosque and surrounding land are Waqf property, stating that the mosque was built illegally. The college administration has also accused the mosque of stealing electricity.
Shaheen Afridi has been left out of Pakistan's squad for a two-Test series in South Africa in a bid to keep him fresh for the Champions Trophy at home next year
From the 30-share pack, Adani Port, Bharti Airtel, Asian Paints, IndusInd Bank, Bajaj Finserv, Reliance Industries, Infosys, UltraTech Cement, HDFC Bank, HCL Technologies and ICICI Bank were among the laggards. Tata Motors, Axis Bank, Maruti, Larsen & Toubro, ITC and Tata Steel were among the gainers.
'Going into Brisbane, India need a tight strategy for Travis Head and they need to get Akash Deep in and maybe Ravindra Jadeja for Ashwin.'
Narain Singh Chaura, a former terrorist with a history of violence and involvement in the 2004 Burail jailbreak case, attempted to shoot Shiromani Akali Dal leader Sukhbir Singh Badal outside the Golden Temple. The attack, which occurred while Badal was sitting in a wheelchair, was thwarted by quick action from security personnel. Chaura has been arrested and is facing multiple charges, including under the Unlawful Activities (Prevention) Act.
With Jay Shah taking over as International Cricket Council's youngest chairman on December 1, the role of secretary in the mighty BCCI lies vacant and as officials wonder who the replacement might be, they have time to figure out the next course of action.
The Supreme Court has sought details from the Allahabad High Court regarding controversial statements made by Justice Shekhar Kumar Yadav at a VHP function. The development comes amid calls for action against the judge for his remarks, which have been labeled as hate speech by some. The judge's statements were made at a VHP function on December 8, where he spoke about the Uniform Civil Code and the law working according to the majority. Several individuals and organizations, including lawyer Prashant Bhushan and CPI(M) leader Brinda Karat, have called for an inquiry into the judge's conduct and for his removal from judicial duties.
BJP leader Sudhir Mungantiwar said the Mahayuti partners will meet Governor C P Radhakrishnan to stake a claim to form a government in the state.
While liquidity in the banking system has turned surplus in the last few weeks, it could go back to deficit again, mainly due to corporate advance tax outflows. The net liquidity surplus of the banking system rose to touch Rs 1 trillion on Tuesday on the back of government spending, according to the data released by the Reserve Bank of India.
Seven Maoists were killed in an exchange of fire with police in a forest area in Mulugu district of Telangana on Sunday. The incident occurred during a combing operation in the forest area of Eturnagaram between Greyhounds, an elite anti-naxal force of Telangana Police and the ultras, police said. Among those killed was Kursam Mangu alias Bhadru, Secretary of Telangana State Committee (Yellandu Narsampet) of the banned CPI (Maoist).
The Supreme Court of India has criticized the Madhya Pradesh High Court's decision to sack a woman judge due to performance concerns, without considering the impact of a miscarriage on her ability to work. The court questioned the lack of similar criteria for male judges and highlighted the mental and physical trauma associated with a miscarriage. The case involves six women civil judges who were terminated by the state government over alleged unsatisfactory performance. While the high court reinstated four judges, the fate of the other two, including the judge who suffered a miscarriage, remains uncertain. The Supreme Court has issued notices to the high court registry and the judicial officers involved, seeking clarification on the termination criteria and emphasizing the importance of considering factors beyond quantitative performance assessments.
An alert Punjab Police ASI thwarted a murderous bid on Shiromani Akali Dal leader Sukhbir Singh Badal at the Golden Temple in Amritsar on Wednesday. The incident took place while Badal was sitting on a wheelchair due to a fractured leg. The attacker, Narain Singh Chaura, a former terrorist, was overpowered by the ASI before he could fire his weapon. The incident has sparked controversy, with the opposition party criticizing the ruling AAP government's security measures.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Jay Shah expressed his vision to grow the global reach of the sport with a particular focus on the opportunity of the Olympic Games in Los Angeles in 2028.
The Archaeological Survey of India (ASI) has sought control and management of the Shahi Jama Masjid in Sambhal, Uttar Pradesh, citing its status as a protected heritage structure. The request comes after violence erupted during a court-ordered survey of the mosque, which was linked to a petition claiming that a Harihar temple once stood at the site. The ASI has argued that unauthorized changes to the mosque's structure by the management committee are unlawful and should be restricted. A three-member judicial commission has been formed to probe the violence and is expected to visit Sambhal on Sunday.
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